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  • Price cut: $9.9K (8/1)
    $315,000

    48 Palmer Road, Newport, ME 04953

    4beds
    1,440sqft
    : 
    $2,112/mo
    Get pre-qualified
    Multi Family
    Built in 1993
    -- sqft lot
    $-- Zestimate®
    $219/sqft
    $-- HOA

    What's special

    Ample road frontageGenerous acreageTwo spacious unitsPeaceful country setting
    Investment opportunity in rural Newport! Whether you're looking to offset your mortgage by living in one unit while renting the other or expand your investment portfolio, this well-maintained duplex is an excellent opportunity. 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. The current owner covers heat and internet; however, because each unit has its own separate heating system, heat could easily become a tenant-paid expense, improving your return on investment. 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. All appliances, including washer and dryers, are included!
    46 days
    |
    427
    |
    31
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    NextHome Experience

    Source: Maine Listings,MLS#: 1667826MLS Logo

      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: $219/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

        Not available

        Price history

        DateEventPrice
        8/1/2026Price change$315,000-3%$219/sqft
        Source: Maine Listings #1667826 Report a problem
        6/18/2026Listed for sale$324,900+173%$226/sqft
        Source: Maine Listings #1667826 Report a problem
        3/16/2020Sold$119,000-4.8%$83/sqft
        Source: Maine Listings #1442020 Report a problem
        1/9/2020Listed for sale$125,000$87/sqft
        Source: North Country Properties #1442066 Report a problem

        Public tax history

        YearProperty taxesTax 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
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 04953

        Getting around

        0 / 100
        Car-Dependent
        20 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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