USAMENew Gloucester229 Spring Valley Ln
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$999,000

Other

A month ago

229 Spring Valley Ln, New Gloucester, ME

House

MLS® 1674870

0 Bed

2 Bath

800 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 800 sqft
Garage 
Taxes $3,344
Days Active 33
Lot Size 5.5 Acres
Approx. Age 1900
Avg. Price Per Sqft $1,248
MLS® Number 1674870

Property Address: 229 Spring Valley Ln, New Gloucester, ME, 04260

Average square foot calculated using Size range provided by listing agent.

Description

Don't miss this opportunity to acquire a well-maintained 11-site manufactured housing community situated on 5.5± scenic acres with strong in-place income and future upside. Surrounded by mature trees and offering a peaceful country setting, this established investment combines reliable cash flow with the potential for long-term appreciation. The community features 11 total sites, including 2 park-owned homes and 9 tenant-owned homes, creating an attractive ownership structure that minimizes maintenance responsibilities while providing consistent rental income. Current operations generate an impressive annual gross income of $86, 700 and a net operating income of $74, 223, making this an ideal addition to an investment portfolio. The property has been thoughtfully maintained with infrastructure improvements that include a pump house equipped with updated electrical, two new expansion tanks, sand/salt storage, utility storage, and additional overhead storage above. The park is serviced by two septic systems with leach fields, and all homes are connected to underground electrical service with individual meters, providing efficient utility management. With 5.5 acres, the property may offer future expansion potential, subject to buyer verification with the local municipality, creating an exciting opportunity to increase value over time. Whether you're looking to expand your manufactured housing portfolio or invest in one of the real estate market's most resilient asset classes, this turnkey community offers the perfect blend of stable income, low operating expenses, and room for future growth. Strong cash flow. Low-maintenance ownership. Future growth potential. Opportunities like this are increasingly difficult to find. Broker is related to sellers.
MLS® Number1674870
Laundry LevelMain
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1900
BasementNot Applicable, None
Driveway
Garage Spaces
HeatGas Bottled, Oil, Propane, Forced Air
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

Other

Aug 5, 2026List Date
$999,000List Price
-End Date
Not Sold YetSold Price

Other

Jul 6, 2026List Date
$999,000List Price
  • Commute

Commute

Starting Address
Destination Address
229 Spring Valley Ln, New Gloucester, ME

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