$1,200,000

Est. Mortgage $0/mo *

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42 43 47 & 49 River Road, New Portland, ME, 04961

42 43 47 & 49 River Road, New Portland, ME, 04961
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14 beds

8 Full / 1 Half baths

Cape Cod, New Englander, Ranch

13,451 sqft

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 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

Status:

Active

Type:

Single-family residential

Zoning:

Residential

Frontage:

450

Heating:

Other, Forced Air, Direct Vent Heater, Baseboard

Cooling:

None

Basement:

Interior, Exterior Only, Unfinished

Parking:

5 - 10 Spaces, Gravel

Acreage:

2.09

Est. Taxes:

$6,728

Construction

Wood Siding, Vinyl Siding, Wood Frame

Lot Description:

Level, Rural

Waterfront:

Yes

Appliances:

Refrigerator, Electric Range

MLS #:

1635146

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of LAER