Listing Courtesy of: John Blouin - LAER
207-622-2220
$1,200,000
42 43 47 & 49 River Road New Portland, ME 04961
Single Family
Residence
14
Beds
9
Baths
...
Bed/Bath
13,451
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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
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MLS#
1635146
Property Type
Single Family
Bedrooms
14
Bathrooms
8 Full/1 Half
Square Feet
13,451
sq. ft
Lot Size
2.09
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