About This Home

This 0-bedroom, 2-bathroom single family at 48 Palmer Road in Newport, ME is listed for $300,000 ($208 per sqft). Built in 1993, the home offers 1,440 sqft of living space on a 3.17 acres lot.

Key Features

  • Built in 1993
  • 3.17 acre lot

Property Details

2 full
1993
Listing Description

MOTIVATED SELLER!! Investment opportunity in rural Newport! Whether you're looking to offset your mortgage by living in one unit while renting the other or expand your investment portfolio, this well-maintained duplex is an excellent opportunity. This well-maintained duplex offers two spacious units, each featuring 2 bedrooms and 1 bathroom.

Both units are currently rented, providing immediate income potential for investors or those looking to expand their portfolio. The current owner covers heat and internet; however, because each unit has its own separate heating system, heat could easily become a tenant-paid expense, improving your return on investment.

Situated in a peaceful country setting, this property offers the perfect balance of privacy and convenience with easy access to the interstate for commuting and travel. The generous acreage and ample road frontage provide the potential for future development, including the possibility of adding another home (subject to local approval). Whether you're seeking a turnkey investment or a property with room for growth, this Newport duplex is worth a closer look. All appliances, including washer and dryers, are included!

Monthly Cost Estimate

$1,604/mo

20% down · 6.5% · 30 years

Principal$217
Interest$1,300
Insurance$88

Estimates only. Actual payments may vary.

Location

48 Palmer Road

Newport, ME 04953

Features & Amenities

Interior Features

1st Floor Bedroom

Property Details

Flooring

TileVinyl

Construction

Wood Frame Vinyl Siding

Outdoor Features

Deck

Parking

Off Street

Heating

OilHeat Pump (Heating)Hot Water(Heating)Baseboard

Cooling

Heat Pump

Questions & Answers

This 0-bedroom, 2-bathroom single family at 48 Palmer Road is listed at $300,000 ($208/sqft). The estimated monthly payment is $1,605 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1993, 3.17 acre lot. Interior Features: 1st Floor Bedroom.

This property is listed by Beverly Weaver.

BW

Beverly Weaver

Agent at Tous LLC dba NextHome Experience

Listed by Tous LLC dba NextHome Experience · Broker phone: (207) 356-9909 · View on Broker Site · Broker website

MLS# 1667826· Source: Maine Listings· 5 days on PropertySimple

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48 Palmer Road, Newport, ME 04953

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