Looking for the perfect owner-occupied multi-family? Have you been waiting for a multi-family that has privacy in a beautiful setting? Located in downtown Norway, walking distance to shops, restaurants, the brewery, coffee shop, library, hospital & post office. Norway has been a growing destination with nearby wedding venues, Pennesseewasse Lake, trails, snowmobiling and more! This picturesque property has the benefits of in-town living with a charming, private feel. Tree lined and frontage on Bird Brook. Four, one-bedroom units all currently occupied. New heating system was installed in 2021. At the rear of the building is an attached storage unit that the owner uses for self-storage. Great location for an experienced investor or anyone just starting their rental portfolio. Don't miss out on this one!
Closed
$325,000
242 Main Street, Norway, ME 04268
4beds
2,486sqft
Multi Family
Built in 1900
-- sqft lot
$365,700 Zestimate®
$131/sqft
$1,682 Estimated rent
Home value
$365,700
$325,000 - $410,000
$1,682/mo
Zestimate® history
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List your homeWhat's special
Coffee shopNew heating system
Zillow last checked:
Listing updated:
Listed by:
Maine Real Estate Experts tiffany@turnbullteam.com
Bought with:
U&R Real Estate
Source: Maine Listings,MLS#: 1569299
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard, Hot Water
Cooling
- None
Features
- 1st Floor Bedroom, Storage
- Flooring: Carpet, Vinyl
- Basement: Interior Entry,Partial,Sump Pump,Unfinished
Interior area
- Total structure area: 2,486
- Total interior livable area: 2,486 sqft
- Finished area above ground: 2,486
- Finished area below ground: 0
Property
Parking
- Parking features: Paved, 5 - 10 Spaces, Off Street
Features
- Stories: 2
- Patio & porch: Porch
- Has view: Yes
- View description: Scenic
- Body of water: Bird Brook
- Frontage length: Waterfrontage: 200,Waterfrontage Owned: 200
Lot
- Size: 1.25 Acres
- Features: Business District, City Lot, Near Shopping, Level, Open Lot
Details
- Parcel number: NORYM027L171
- Zoning: General Development
- Other equipment: Internet Access Available
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Farmhouse
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Roof: Metal
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On
Community & HOA
Location
- Region: Norway
Financial & listing details
- Price per square foot: $131/sqft
- Tax assessed value: $103,853
- Annual tax amount: $1,464
- Date on market: 8/18/2023
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 11/1/2023 | Sold | $325,000+1.6%$131/sqft |
Source:  Maine Listings #1569299 Report a problem | ||
| 10/13/2023 | Pending sale | $320,000$129/sqft |
Source: Maine Listings #1569299 Report a problem | ||
| 9/19/2023 | Contingent | $320,000$129/sqft |
Source: Maine Listings #1569299 Report a problem | ||
| 8/18/2023 | Listed for sale | $320,000$129/sqft |
Source: Maine Listings #1569299 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,851 +21.3% | $103,853 +0.1% |
| 2023 | $1,526 +4.2% | $103,800 |
| 2022 | $1,464 -1.5% | $103,800 +21.8% |
| 2021 | $1,487 -0.5% | $85,200 |
| 2020 | $1,495 | $85,200 |
| 2019 | $1,495 +2% | $85,200 |
| 2018 | $1,465 -5.1% | $85,200 -5% |
| 2017 | $1,543 +8.2% | $89,700 |
| 2015 | $1,426 +8.1% | $89,700 |
| 2013 | $1,319 +2.1% | $89,700 |
| 2012 | $1,292 +5.9% | $89,700 |
| 2011 | $1,220 | $89,700 |
Find assessor info on the county website
Neighborhood: 04268
Nearby homes
- $358,500-- bd-- ba-- sqft232 Main St, Norway, ME 04268Off Market
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- $17,083-- bd-- ba-- sqftGreenleaf Ave, Norway, ME 04268Off Market
Nearby schools
GreatSchools rating
- 2/10Guy E Rowe SchoolGrades: PK-6Distance: 0.2 mi
- 2/10Oxford Hills Middle SchoolGrades: 7-8Distance: 1.3 mi
- 3/10Oxford Hills Comprehensive High SchoolGrades: 9-12Distance: 0.5 mi
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$365,700
2% more
+$7,314
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$373,014
- Maine
- Oxford County
- Norway
- 04268
- 242 Main Street
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