42 43 47 & 49 River RD Active Save Request In-Person Tour Request Virtual Tour
New Portland,ME 04961
Key Details
Property Type Residential
Sub Type Single Family Residence
Listing Status Active
Square Footage 12,611 sqft
Price per Sqft $75
MLS Listing ID 1635147
Style Cape Cod,New Englander
Bedrooms 13
Full Baths 5
Half Baths 5
Annual Tax Amount $5,910
Tax Year 2024
Lot Size 2.000 Acres
Property Sub-Type Single Family Residence
Property Description
Exceptional Investment Opportunity - 4 Properties Conveyed Together
Rare 4 Property Investment Portfolio - Residential, Commercial & Waterfront. Present rental income is $7850 per month and a possible income of $11,
050 monthly . There is also the possibility of having two commercial businesses at River road in New Portland on the fist floor of 43 and 47 River road . There is also the possibility of adding to additional lots for buildings on this site .At one point there was 45 River road and that building burned down. The potential of this opportunity is immense . Live , work and invest in this special place in New Portland .l
Discover a rare chance to acquire a versatile portfolio of four properties sold as one package, offering a unique blend of commercial, residential single-family, and multi-unit income properties. This collection provides both immediate income potential and long-term value growth.
Situated in a desirable location with 280 feet of owned waterfrontage along Lemon Stream, the properties combine natural appeal with strong rental and business possibilities. The setting is ideal—just 20 minutes from Farmington and only 25 minutes to world-class skiing at Sugarloaf Resort, ensuring year-round demand from both residents and visitors.
Recent renovations add modern updates while maintaining character, allowing for a smooth transition to new ownership with minimal upfront work. Investors will appreciate the diverse revenue streams possible with this package, from residential rentals to commercial leasing or owner-use.
Whether you're looking to expand your portfolio, establish a multi-faceted investment base, or unlock the future potential of waterfront real estate, this opportunity is well-positioned to deliver.
Location
State ME
County Somerset
Zoning Residential
Interior
Heating Other,Forced Air,Direct Vent Heater,Baseboard
Cooling None
Flooring Wood,Tile,Laminate
Exterior
Parking Features 5 - 10 Spaces,Gravel
View Y/N No
Roof Type Metal
Building
Lot Description Level,Wooded,Rural
Foundation Stone,Concrete Perimeter
Sewer Private Sewer
Water Private
Structure Type Wood Siding,Vinyl Siding,Wood Frame
Others
Virtual Tour https://www.propertypanorama.com/instaview/mreis/1635147