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.
Closed
$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
Owner options
What's special
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#: 1628879

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