Unique historic multi-unit property on 9± acres in Exeter, offering a rare combination of character, acreage, income potential, and equestrian use. Originally built in 1865, with extensive renovations completed in 1985, the property includes a 3-bedroom, 1-bath main home along with two separate studio apartment units, each with a full bathroom, providing flexibility for owner occupancy, rental income, guest space, or investment use.
The property features a new 22' x 28' garage, a 50' x 60' five-stall horse barn with attached shed, pasture area, pond, and open outdoor space for animals, gardening, recreation, or homestead use. A 14,000-watt solar system adds energy-efficiency and long-term utility savings.
With multiple living units, 9± acres, barn space, pasture, pond, garage, and solar, this property offers a hard-to-find opportunity for buyers seeking a flexible rural Maine property with practical use, income potential, and historic charm.
Active
$319,900
1118 Exeter Road, Exeter, ME 04435
4beds
1,500sqft
Multi Family
Built in 1865
-- sqft lot
$307,700 Zestimate®
$213/sqft
$-- HOA
What's special
- 16 days |
- 380 |
- 18 |
Zillow last checked:
Listing updated:
Listed by:
RE/MAX Infinity
Source: Maine Listings,MLS#: 1664049
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Direct Vent Heater, Pellet Stove, Wood Stove
Cooling
- Window Unit(s)
Features
- 1st Floor Bedroom, Shower, Storage
- Flooring: Tile, Wood, Hardwood
- Basement: Interior Entry
Interior area
- Total structure area: 1,500
- Total interior livable area: 1,500 sqft
- Finished area above ground: 1,500
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Gravel, 5 - 10 Spaces, Detached
- Garage spaces: 2
Features
- Patio & porch: Deck
- Has private pool: Yes
- Has view: Yes
- View description: Fields, Scenic, Trees/Woods
Lot
- Size: 9 Acres
- Features: Rural, Agricultural, Farm, Open Lot, Pasture
Details
- Additional structures: Outbuilding, Shed(s), Barn(s)
- Parcel number: EXERM007L006
- Zoning: Residential
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Farmhouse
- Property subtype: Multi Family
Materials
- Wood Frame, Wood Siding
- Foundation: Poured Concrete
- Roof: Metal,Shingle
Condition
- Year built: 1865
Utilities & green energy
- Electric: Circuit Breakers, Generator Hookup, Other Electric
- Sewer: Private Sewer, Septic Tank
- Water: Private, Well
Community & HOA
Location
- Region: Exeter
Financial & listing details
- Price per square foot: $213/sqft
- Tax assessed value: $123,000
- Annual tax amount: $2,200
- Date on market: 5/27/2026
Estimated market value
$307,700
$292,000 - $323,000
$1,645/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/27/2026 | Listed for sale | $319,900-5.6%$213/sqft |
Source:  Maine Listings #1664049 Report a problem | ||
| 12/16/2025 | Listing removed | $339,000$226/sqft |
Source: Maine Listings #1634987 Report a problem | ||
| 8/20/2025 | Listed for sale | $339,000-26.3%$226/sqft |
Source: Maine Listings #1634987 Report a problem | ||
| 10/17/2023 | Listing removed | -- |
Source:  NextHome Report a problem | ||
| 7/31/2023 | Price change | $460,000-3.2%$307/sqft |
Source: Maine Listings #1566226 Report a problem | ||
| 7/24/2023 | Price change | $475,000+11.8%$317/sqft |
Source: Maine Listings #1566226 Report a problem | ||
| 7/21/2023 | Listed for sale | $425,000$283/sqft |
Source: Maine Listings #1566226 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,433 -29.1% | $123,000 -24.5% |
| 2023 | $2,021 +5.4% | $163,000 +19% |
| 2022 | $1,918 | $137,000 |
| 2021 | $1,918 +1.1% | $137,000 |
| 2020 | $1,897 -3.2% | $137,000 |
| 2019 | $1,959 -7.8% | $137,000 |
| 2018 | $2,124 -8.9% | $137,000 +2.2% |
| 2017 | $2,332 +13% | $134,000 |
| 2016 | $2,064 +0.5% | $134,000 -0.1% |
| 2015 | $2,053 +5.3% | $134,200 -0.1% |
| 2014 | $1,949 -3.6% | $134,400 -0.2% |
| 2013 | $2,021 +7.7% | $134,700 -0.2% |
| 2012 | $1,877 | $135,000 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 04435
Nearby schools
GreatSchools rating
- 3/10Ridge View Community SchoolGrades: PK-8Distance: 5.6 mi
- 4/10Dexter Regional High SchoolGrades: 9-12Distance: 7 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Maine
- Penobscot County
- Exeter
- 04435
- 1118 Exeter Road
Nearby cities
Nearby zip codes
Other Exeter Topics
