42 43 47 & 49 River RD New Portland, ME 04961
13 Beds
10 Baths
12,611 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 12,611 sqft
Price per Sqft $75
MLS Listing ID 1635147
Bedrooms 13
Full Baths 5
Half Baths 5
HOA Y/N No
Tax Year 2024
Lot Size 2.000 Acres
Acres 2.0
Property Sub-Type Single Family Residence
Source Maine Listings
Land Area 12611
Property Description
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
Direction From Farmington take Rt ME-27 north about 16 mi, right onto Rt ME-146 about .2mi. 42 River Rd will be on the left, 43, 47 & 49 across the street.
Body of Water Lemon Stream
Rooms
Basement Exterior Entry, Interior Entry
Interior
Heating Baseboard, Direct Vent Heater, Forced Air, Other
Cooling None
Flooring Laminate, Tile, Wood, Linoleum
Fireplace No
Exterior
Roof Type Metal
Garage No
Building
Entry Level Multi-Level
Water Private
Architectural Style Cape Cod, New Englander
Others
Tax ID 42434749RiverRoadNewPortland04961
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