5 Park Avenue Newport, ME 04953
Listing Courtesy of: MLS LogoMAINE LISTINGS - IDX / Better Homes & Gardens Real Estate/The Masiello Group / Melissa Bartlett - Contact:  melissabartlett@masiello.com

  5 Park Avenue Newport, ME 04953

Active (16 Days)
$249,900
2
BATH
1,840
SQFT

Description

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.

MLS #:
1628879
Taxes
$3,148(2024)
Lot Size
3,049 SQFT
Type
Multifamily
Year Built
1964
Style
Raised Ranch
School District
Rsu 19
County
Penobscot County

Listed By

Melissa Bartlett, Better Homes And Gardens Real Estate The Masiello Group, Contact: melissabartlett@masiello.com
Source
MAINE LISTINGS - IDX
Last checked Jul 18 2025 at 12:07 AM GMT+0000
Bathroom Details
  • Full Bathrooms: 2
Interior Features
  • 1st Floor Bedroom
  • Bathtub
  • Shower
Kitchen
  • Tankless Water Heater
Lot Information
  • Corner Lot
  • Level
  • Intown
  • Near Public Beach
  • Near Shopping
  • Near Railroad
Property Features
  • Fireplace: 0
  • Foundation: Concrete Perimeter
  • Foundation: Slab
Heating and Cooling
  • Hot Water
  • Baseboard
  • None
Basement Information
  • Interior
  • Unfinished
Flooring
  • Wood
  • Vinyl
Exterior Features
  • Roof: Shingle
Utility Information
  • Sewer: Public Sewer
Parking
  • Paved
  • On Site
  • Inside Entrance
Additional Information: The Masiello Group | melissabartlett@masiello.com
Location
   
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Estimated Monthly Mortgage Payment

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Disclaimer: Listing data is derived in whole or in part from the Maine IDX and is for the consumers personal, noncommercial use only. Dimensions are approximate and are not guaranteed. All data should be independently verified. © 2025 Maine Real Estate Information System, Inc. All Rights Reserved