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    • Price cut: $20K (8/13)
    $299,900

    1118 Exeter Road, Exeter, ME 04435

    4beds
    1,500sqft
    : 
    $2,000/mo
    Get pre-qualified
    Multi Family
    Built in 1865
    -- sqft lot
    $283,000 Zestimate®
    $200/sqft
    $-- HOA

    What's special

    Pasture areaMultiple living spaces
    Income-producing multi-unit property on 9± acres in Exeter, generating approximately 25,000 in annual rental income. Originally built in 1865, with extensive renovations completed in 1985, this historic property includes a 3-bedroom, 1-bath main home along with two separate studio apartment units, each with a full bathroom. The layout offers flexibility for owner occupancy, rental income, additional living space, or continued 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 suitable for animals, gardening, recreation, or homestead use. A 14,000-watt solar system adds energy efficiency and helps offset utility costs. With rental income already in place, multiple living spaces, 9± acres, barn space, pasture, pond, garage, and solar, this is a hard-to-find opportunity for buyers seeking a flexible rural Maine property with practical use, historic character, and income potential.
    108 days
    348
    28

    Zillow last checked:

    Listing updated:

    Listed by:

    RE/MAX Infinity

    Source: Maine Listings,MLS#: 1664049MLS Logo

      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
      • Levels: Multi/Split
      • 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: $200/sqft
      • Tax assessed value: $123,000
      • Annual tax amount: $2,200
      • Date on market: 5/27/2026

        Estimated market value

        $283,000

        $269,000 - $297,000

        $1,361/mo

        Price history

        DateEventPrice
        8/13/2026Price change$299,900-6.3%$200/sqft
        Source: Maine Listings #1664049 Report a problem
        5/27/2026Listed for sale$319,900-5.6%$213/sqft
        Source: Maine Listings #1664049 Report a problem
        12/16/2025Listing removed$339,000$226/sqft
        Source: Maine Listings #1634987 Report a problem
        8/20/2025Listed for sale$339,000-26.3%$226/sqft
        Source: Maine Listings #1634987 Report a problem
        10/17/2023Listing removed--
        Source: NextHome Report a problem
        7/31/2023Price change$460,000-3.2%$307/sqft
        Source: Maine Listings #1566226 Report a problem
        7/24/2023Price change$475,000+11.8%$317/sqft
        Source: Maine Listings #1566226 Report a problem
        7/21/2023Listed for sale$425,000$283/sqft
        Source: Maine Listings #1566226 Report a problem

        Public tax history

        YearProperty taxesTax 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

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        Payment breakdown

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        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.
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        Climate risks

        Neighborhood: 04435

        Getting around

        0 / 100
        Car-Dependent
        22 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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