Active

$1,295,000

424 Walnut Hill Road, North Yarmouth, ME 04097

3beds

6,832sqft

$7,917/mo

Get pre-qualified

Multi Family

Built in 1900

-- sqft lot

$1,221,100 Zestimate^®

$190/sqft

$-- HOA

What's special

Ample parking

Exceptional opportunity to own a fully leased, income-producing mixed-use investment property in North Yarmouth. The property features a neighborhood restaurant and event barn leased on a Triple Net (NNN) basis and two leased second-floor residential apartments, providing diversified and stable cash flow. With strong in-place income, minimal landlord responsibilities, ample parking, and excellent visibility on Walnut Hill Road, this turnkey investment is well suited for a 1031 exchange or investors seeking a stabilized asset with long-term upside

18 days

457

13

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 4
Full bathrooms: 2

Heating

Baseboard, Heat Pump, Steam

Cooling

Heat Pump

Features

Flooring: Tile, Vinyl, Wood, Luxury Vinyl
Basement: Interior Entry,Dirt Floor,Unfinished,Brick/Mortar

Interior area

Total structure area: 6,832
Total interior livable area: 6,832 sqft
Finished area above ground: 6,832
Finished area below ground: 0

Property

Parking

Parking features: Common, Gravel, 21+ Spaces, On Site, Paved, Off Street

Features

Levels: Multi/Split
Stories: 2

Lot

Size: 0.52 Acres
Features: Business District, City Lot, Near Town, Level, Open Lot

Details

Additional structures: Barn(s)
Parcel number: NYARM007L029
Zoning: Shoreland/Commercial

Construction

Type & style

Home type: MultiFamily
Architectural style: Chalet,Farmhouse,Other
Property subtype: Multi Family

Materials

Wood Frame, Vinyl Siding
Foundation: Stone, Granite, Brick/Mortar
Roof: Flat,Membrane,Pitched,Shingle

Condition

Year built: 1900

Utilities & green energy

Electric: Circuit Breakers
Sewer: Private Sewer, Septic Design Available
Water: Public

Community & HOA

Location

Region: North Yarmouth

Financial & listing details

Price per square foot: $190/sqft
Tax assessed value: $575,900
Annual tax amount: $11,610
Date on market: 7/30/2026
Road surface type: Paved

Estimated market value

$1,221,100

$1.16M - $1.28M

$2,818/mo

Price history

Date	Event	Price
7/30/2026	Listed for sale	$1,295,000+118.4%$190/sqft
Source: Maine Listings #1674077 Report a problem
11/3/2021	Sold	$593,000-1%$87/sqft
Source: Maine Listings #1507209 Report a problem
10/7/2021	Pending sale	$599,000$88/sqft
Source: Maine Listings #1507209 Report a problem
9/24/2021	Contingent	$599,000$88/sqft
Source: Maine Listings #1507209 Report a problem
8/31/2021	Listed for sale	$599,000$88/sqft
Source: Maine Listings #1507209 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$11,403 +3.2%	$575,900
2023	$11,046 +61.4%	$575,900 +52.3%
2022	$6,845 +9.4%	$378,200
2020	$6,259 -2.6%	$378,200 -2.2%
2019	$6,427 -0.3%	$386,700
2018	$6,446 +9.5%	$386,700 +6.9%
2017	$5,885 +2.1%	$361,700 +10.5%
2016	$5,765 +0.6%	$327,200
2015	$5,733 +2.2%	$327,200
2014	$5,611 +4.7%	$327,200
2013	$5,360 +8.3%	$327,200 -7.8%
2012	$4,951 +6.3%	$354,940
2011	$4,657	$354,940