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

    1118 Exeter Road, Exeter, ME 04435

    4beds
    1,500sqft
    : 
    $2,018/mo
    Get pre-qualified
    Multi Family
    Built in 1865
    -- sqft lot
    $288,500 Zestimate®
    $200/sqft
    $-- HOA

    What's special

    Income-producing multi-unit property on 9± acres in Exeter with a 3-bedroom main home, two studio apartments, a five-stall horse barn, pasture, pond, garage, and solar system. The seller reports approximately 25,000 in annual rental income from the two studio apartments, each of which includes a full bathroom. The three separate living spaces provide flexibility for owner occupancy, rental use, additional living space, or continued investment. Originally built in 1865 and extensively renovated in 1985, the property combines historic character with substantial acreage and practical improvements. Outbuildings include a new 22' × 28' garage and a 50' × 60' five-stall horse barn with an attached shed. The 9± acres also include pasture, a pond, and open outdoor space for equestrian, gardening, recreational, or homestead use. A 14,000-watt solar system is included. With existing rental income, multiple living spaces, acreage, equestrian infrastructure, solar, and substantial outbuildings, this property offers a versatile opportunity for residential, rental, or investment use in rural Maine. Intended uses are subject to applicable municipal requirements and due diligence.
    154 days
    241
    19

    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

        $288,500

        $274,000 - $303,000

        $1,552/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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        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

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