Active

$324,900

48 Palmer Road, Newport, ME 04953

4beds

1,440sqft

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Multi Family

Built in 1993

-- sqft lot

$-- Zestimate^®

$226/sqft

$-- HOA

What's special

Well-maintained duplexAmple road frontageGenerous acreageTwo spacious unitsPeaceful country setting

Investment opportunity in rural Newport! This well-maintained duplex offers two spacious units, each featuring 2 bedrooms and 1 bathroom. Both units are currently rented, providing immediate income potential for investors or those looking to expand their portfolio. Situated in a peaceful country setting, this property offers the perfect balance of privacy and convenience with easy access to the interstate for commuting and travel. The generous acreage and ample road frontage provide the potential for future development, including the possibility of adding another home (subject to local approval). Whether you're seeking a turnkey investment or a property with room for growth, this Newport duplex is worth a closer look.

13 hours

73

8

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Heating

Baseboard, Heat Pump, Hot Water

Cooling

Heat Pump

Features

1st Floor Bedroom, One-Floor Living
Flooring: Tile, Vinyl
Basement: Exterior Entry,Dirt Floor

Interior area

Total structure area: 1,440
Total interior livable area: 1,440 sqft
Finished area above ground: 1,440
Finished area below ground: 0

Property

Parking

Parking features: Paved, 1 - 4 Spaces, Off Street

Features

Patio & porch: Deck
Has view: Yes
View description: Trees/Woods

Lot

Size: 3.17 Acres
Features: Near Turnpike/Interstate, Near Town, Rural, Level, Wooded

Details

Additional structures: Outbuilding, Shed(s)
Parcel number: NEPTM003L027
Zoning: Rural

Construction

Type & style

Home type: MultiFamily
Architectural style: Ranch
Property subtype: Multi Family

Materials

Wood Frame, Vinyl Siding
Foundation: Poured Concrete
Roof: Shingle

Condition

Year built: 1993

Utilities & green energy

Electric: Circuit Breakers
Sewer: Septic Tank
Water: Well

Community & HOA

Location

Region: Newport

Financial & listing details

Price per square foot: $226/sqft
Tax assessed value: $177,800
Annual tax amount: $3,440
Date on market: 6/18/2026

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/18/2026	Listed for sale	$324,900+173%$226/sqft
Source: Maine Listings #1667826 Report a problem
3/16/2020	Sold	$119,000-4.8%$83/sqft
Source: Maine Listings #1442020 Report a problem
1/9/2020	Listed for sale	$125,000$87/sqft
Source: North Country Properties #1442066 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$3,112 +15%	$177,800 +7%
2023	$2,707 +5.2%	$166,100 +26.5%
2022	$2,573 -0.4%	$131,300 +4.7%
2021	$2,583 +1.9%	$125,400 +1.9%
2020	$2,536 +2.5%	$123,100 +5.9%
2019	$2,475	$116,200
2018	$2,475 +6.5%	$116,200
2017	$2,324 +3.1%	$116,200
2016	$2,254 +8.4%	$116,200
2015	$2,080 +3.1%	$116,200 -0.9%
2014	$2,018 +14.8%	$117,300 -1.9%
2011	$1,758	$119,600 -2.2%
2009	--	$122,300

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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.

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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