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    • $319,900

    1118 Exeter Road, Exeter, ME 04435

    4beds
    1,500sqft
    : 
    $2,047/mo
    Get pre-qualified
    Multi Family
    Built in 1865
    -- sqft lot
    $292,000 Zestimate®
    $213/sqft
    $-- HOA

    What's special

    Pasture areaMultiple living spaces
    Rare 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, guest space, extended family use, 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 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
    62 days
    |
    345
    |
    15
    |

    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
      • 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

        $292,000

        $277,000 - $307,000

        $1,735/mo

        Price history

        DateEventPrice
        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

        Est. payment

        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.
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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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