42 43 47 & 49 River Road
New Portland, ME 04961
Beds
14
Baths
9
Square Ft.
13,451
$1,200,000
Rare 5-Property Investment Portfolio - Residential, Commercial & Waterfront. Present rental income is $9,150 per month and a possible income of both locations could be $12,035 monthly . There is also the possibility of having two commercial businesses at River road in New Portland on the fist floor of 43… Read More 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 and have a business and home on main street in Kingfield Maine ! An exceptional opportunity to acquire a five-property package thoughtfully combined to deliver income diversity, prime locations, and future growth potential. This unique portfolio includes a mix of commercial, single-family, and multi-unit residential properties, making it an ideal addition to any investor's holdings. Highlights include 280 feet of owned waterfrontage along Lemon Stream in New Portland, offering natural appeal and recreational value, as well as a commercial property located on Main Street in Kingfield—a high-visibility location in the heart of town, perfect for retail, office, or mixed-use potential. The remaining properties provide a variety of income-producing residential options, all benefiting from recent renovations designed to reduce maintenance and attract quality tenants. Combined, the portfolio offers a steady blend of residential rental income, commercial opportunity, and waterfront equity growth. Located just 20 minutes from Farmington and 25 minutes to Sugarloaf Ski Resort, these properties sit within a highly desirable area that draws both year-round residents and seasonal visitors, strengthening the investment case. This is a multi-faceted portfolio for investors seeking both immediate returns and long-term appreciation in one of Maine's most scenic and dynamic regions Read Less
Courtesy of LAER 207-622-2220
Listing Snapshot
Days Online
146
Last Updated
Property Type
Single Family Residence
Beds
14
Full Baths
8
Partial Baths
1
Square Ft.
13,451
Lot Size
2.09 Acres
Year Built
9999
MLS Number
1635146
Additional Details
Property Access
Road Frontage Type: "Private Road"
Appliances & Equipment
Appliances: "Refrigerator", "Electric Range"
Basement
Basement: "Interior", "Exterior Only", "Unfinished"
Building
Architectural Style: "Cape Cod", "New Englander", "Ranch", Building Area Source: Other, Building Area Total: 13,451, Construction Materials: "Wood Siding", "Vinyl Siding", "Wood Frame", Year Built: 9999
Cooling
Cooling: "None"
Floors
Flooring: "Wood", "Tile", "Laminate"
Foundation
Foundation Details: "Stone", "Concrete Perimeter", "Slab"
Garage
Garage Included
Water Features
Water Body Name: Lemon Stream, Waterfront Property
Heating
Heating: "Other", "Forced Air", "Direct Vent Heater", "Baseboard", Heating Included
Lot
Features: "Level", "Rural", 2.09 acres, Area: 2.09, 91,040 square feet
Parking
Features: "5 - 10 Spaces", "Gravel"
Property
Parcel Number: 42434749RiverRoadNewPortland04961, Property Sub Type: Single Family Residence, Zoning: Residential
Roof
Roof: "Metal"
Sewer
Sewer: "Private Sewer"
Taxes
Annual Amount: $6,728, Tax Lot: 14,37,38,39,40/26
Utilities
Electric: "Circuit Breakers", Water Source: "Private", "Public"
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Malachi Winslow
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Listing Information © Maine Real Estate Information System, Inc. All Rights Reserved.
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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