Multi-Family for Sale: 5 Water Street, Newport, ME 04953

2 full, 1 half baths
$369,000
$369,000
5 Water Street, Newport, ME 04953
2 full, 1 half baths
$369,000
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Price:
$369,000
$16,000 - 08/28/2024
Est. payment: Skip to Mortgage Calculator

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Type Multi-Family
Style Multi-Level
Total Baths 2 full, 1 half baths
Square Feet 8,832 sqft
Lot Size 0.12 acres
Year Built 1900
Taxes Paid $2,345
City Newport
County Penobscot
MLS 1582851
Status Active
This opportunity does not come often. Add this building to your portfolio or great for the beginning of an investment. This owner has put life back into this property and it has been reformed over the years and the character is endless. What a nice addition to the town of Newport. This building has 3 floors and filled with business and residential. In this 9000 sq foot building we have a Specialty store, a dance studio, 2 large residential apartments and several small professionals providing their own services. It also has a few areas that can become more rental opportunities. In 2009 a new metal roof was put on and in 2017 the second and third floors were provided with their own Rinnia heaters and bathrooms have been updated. All the tenants are requesting to stay so the income will keep coming and the potential for more is evident. Look to your backyard to sit by the Sebasticook River that runs by, Sitting in the heart of Newport the amenities are endless.

Room Features

Basement Description Full, Interior Entry

Lot & Building Features

Cooling None
Tax Year 2024
Taxes Paid $2,345

Unit Features

Unit 1 Full Baths 1
Unit 1 of Bedrooms 1
Unit 1 of Rooms 3
Unit 2 Full Baths 1
Unit 2 of Bedrooms 2
Unit 2 of Rooms 4
Unit 3 Half Baths 1
Unit 3 of Rooms 1

Price History of 5 Water Street, Newport, ME

Date Name Price Difference
08/28/2024 Price Adjustment $369,000 4.16%
02/24/2024 Listing Price $385,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Photo of Diane Bitsack
Direct: 603-493-1592
Office
PO Box 101
Merrimack, NH 03054
603-787-3155
Listed by CENTURY 21 Queen City Real Estate, Karen Burns 207-942-4618
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5 Water Street (MLS #1582851) is a multi-level multi-family listing located in Newport, ME. This multi-family listing is 8,832 sqft and on a lot of 5,227 sqft (or 0.12 acres) and is 124 years old. This property was listed on 02/24/2024 and has been priced for sale at $369,000.

Nearby zip codes are 04434, 04928, 04929, 04965 and 04969. This property neighbors other cities such as Corinna, Detroit, Etna, Palmyra and Plymouth.

MREIS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: CENTURY 21 Queen City Real Estate

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2024 Maine Real Estate Information System, Inc. All Rights Reserved. This web site does not display complete Maine Listings. Certain Maine Listings of other real estate brokerage firms have been excluded.