USAMENew Portland42 43 47 & 49 River Road

Virtual Tour

$1,200,000

For Sale

8 months ago

42 43 47 & 49 River Road, New Portland, ME

House

MLS® 1635146

14 Bed

9 Bath

13451 sqft

Key Facts
Description
Map

Key Facts

Type Single Family Residence

Levels Residential

Size 13451 sqft

Garage

Taxes $6,728

Days Active 250

Lot Size

Approx. Age 9999

Avg. Price Per Sqft $89

MLS® Number 1635146

Property Address: 42 43 47 & 49 River Road, New Portland, ME, 04961

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

Description

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

MLS® Number1635146

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age9999

BasementInterior, Exterior Only, Unfinished

Driveway5 - 10 Spaces, Gravel

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Aug 21, 2025List Date

$1,200,000List Price

Commute

Commute

Starting Address

Destination Address

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