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Active under contract
  • $999,000

    229 Spring Valley Lane, New Gloucester, ME 04260

    5beds
    800sqft
    : 
    $6,483/mo
    Get pre-qualified
    Multi Family
    Built in 1900
    -- sqft lot
    $983,000 Zestimate®
    $1,249/sqft
    $-- HOA

    What's special

    Surrounded by mature treesPeaceful country setting
    Don't miss this opportunity to acquire a well-maintained 11-site manufactured housing community situated on 5.5± scenic acres with strong in-place income and future upside. Surrounded by mature trees and offering a peaceful country setting, this established investment combines reliable cash flow with the potential for long-term appreciation. The community features 11 total sites, including 2 park-owned homes and 9 tenant-owned homes, creating an attractive ownership structure that minimizes maintenance responsibilities while providing consistent rental income. Current operations generate an impressive annual gross income of $86,700 and a net operating income of $74,223, making this an ideal addition to an investment portfolio. The property has been thoughtfully maintained with infrastructure improvements that include a pump house equipped with updated electrical, two new expansion tanks, sand/salt storage, utility storage, and additional overhead storage above. The park is serviced by two septic systems with leach fields, and all homes are connected to underground electrical service with individual meters, providing efficient utility management. With 5.5 acres, the property may offer future expansion potential, subject to buyer verification with the local municipality, creating an exciting opportunity to increase value over time. Whether you're looking to expand your manufactured housing portfolio or invest in one of the real estate market's most resilient asset classes, this turnkey community offers the perfect blend of stable income, low operating expenses, and room for future growth. Strong cash flow. Low-maintenance ownership. Future growth potential. Opportunities like this are increasingly difficult to find. Broker is related to sellers.
    39 days
    67
    2

    Zillow last checked:

    Listing updated:

    Listed by:

    Five Star Realty

    Source: Maine Listings,MLS#: 1674870MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Forced Air
      Cooling
      • None
      Features
      • 1st Floor Bedroom, Bathtub, Shower
      • Flooring: Carpet, Laminate
      • Basement: None
      Interior area
      • Total structure area: 800
      • Total interior livable area: 800 sqft
      • Finished area above ground: 800
      • Finished area below ground: 0
      Video & virtual tour

      Property

      Parking
      • Parking features: Gravel, Paved, 21+ Spaces, On Site, Other
      Lot
      • Size: 5.5 Acres
      • Features: Mobile Home Park, Level, Open Lot, Wooded
      Details
      • Zoning: RB-2

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Ranch
      • Property subtype: Multi Family
      Materials
      • Mobile, Wood Frame, Vinyl Siding
      • Foundation: Slab
      • Roof: Metal,Shingle
      Condition
      • Year built: 1900

      Utilities & green energy

      • Electric: Circuit Breakers, Underground
      • Sewer: Private Sewer
      • Water: Private, Well

      Community & HOA

      Location
      • Region: New Gloucester

      Financial & listing details

      • Price per square foot: $1,249/sqft
      • Annual tax amount: $3,344
      • Date on market: 8/5/2026
      • Road surface type: Paved
      • Body type: Single Wide

        Estimated market value

        $983,000

        $934,000 - $1.03M

        $2,156/mo

        Price history

        DateEventPrice
        8/20/2026Contingent$999,000$1,249/sqft
        Source: Maine Listings #1674870 Report a problem
        8/5/2026Listed for sale$999,000$1,249/sqft
        Source: Maine Listings #1674870 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        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: 04260

        Getting around

        7 / 100
        Car-Dependent

        Nearby schools

        GreatSchools rating

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