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  • $243,000

    5 Park Avenue, Newport, ME 04953

    5beds
    1,840sqft
    Multi Family
    Built in 1964
    -- sqft lot
    $239,400 Zestimate®
    $132/sqft
    $1,618 Estimated rent

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    $1,618/mo

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    $1,618/mo

    Rent Zestimate®

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    $1,238/mo

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    $1,238/mo

    Est. payment

    What's special

    This versatile in-town property offers an excellent mix of residential and commercial potential. Situated on a in-town lot, the building features two well-maintained rental units with a strong rental history and great income potential. Unit 1: Spacious 3-bedroom apartment Unit 2: Comfortable 2-bedroom apartment Bonus: An equipped beauty salon occupies the front commercial space — perfect for an owner-operator or investor looking to lease to a local business. Two-car heated garage, attached and leads into the downstair apartment. Great location thats close to shopping, services, and Lake Sebasticook recreation. Whether you're looking for a mixed-use property to add to your portfolio or a live/work opportunity in a central Maine community, this property delivers flexibility, character, and income.

    Zillow last checked: 7 hours ago

    Listing updated: September 10, 2025 at 08:05am

    Listed by:

    Better Homes & Gardens Real Estate/The Masiello Group melissabartlett@masiello.com

    Bought with:

    EXP Realty

    Source: Maine Listings,MLS#: 1628879MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Hot Water, Baseboard
    Cooling
    • None
    Appliances
    • Included: Tankless Water Heater
    • Laundry: Washer Hookup
    Features
    • 1st Floor Bedroom, Bathtub, Shower
    • Flooring: Wood, Vinyl
    • Doors: Storm Door(s)
    • Basement: Interior,Unfinished
    • Has fireplace: No
    Interior area
    • Total structure area: 1,840
    • Total interior livable area: 1,840 sqft
    • Finished area above ground: 920
    • Finished area below ground: 920

    Property

    Parking
    • Total spaces: 2
    • Parking features: Paved, On Site, Inside Entrance
    • Attached garage spaces: 2
    Features
    • Levels: Multi/Split
    • Stories: 2
    • Patio & porch: Deck
    Lot
    • Size: 3,049 sqft
    • Features: Corner Lot, Level, City Lot, Near Public Beach, Near Shopping, Near Railroad
    Details
    • Parcel number: NEPTM015L070
    • Zoning: Village Commercial
    • Other equipment: Cable

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Raised Ranch
    • Property subtype: Multi Family
    Materials
    • Vinyl Siding, Brick, Wood Frame
    • Foundation: Concrete Perimeter, Slab
    • Roof: Shingle
    Condition
    • Year built: 1964

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Newport

    Other

    Other facts
    • Road surface type: Paved