Closed

$243,000

5 Park Avenue, Newport, ME 04953

5beds

1,840sqft

Multi Family

Built in 1964

-- sqft lot

$258,400 Zestimate^®

$132/sqft

$1,604 Estimated rent

Home value

$258,400

$227,000 - $289,000

$1,604/mo

Zestimate^® history

Owner options

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$1,604/mo

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$1,604/mo

Rent Zestimate^®

Refinance and save

$1,244/mo

Est. payment

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$1,244/mo

Est. payment

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What's special

This versatile in-town property offers an excellent mix of residential and commercial potential. Situated on a in-town lot, the building features two well-maintained rental units with a strong rental history and great income potential. Unit 1: Spacious 3-bedroom apartment Unit 2: Comfortable 2-bedroom apartment Bonus: An equipped beauty salon occupies the front commercial space — perfect for an owner-operator or investor looking to lease to a local business. Two-car heated garage, attached and leads into the downstair apartment. Great location thats close to shopping, services, and Lake Sebasticook recreation. Whether you're looking for a mixed-use property to add to your portfolio or a live/work opportunity in a central Maine community, this property delivers flexibility, character, and income.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 2
Full bathrooms: 2

Heating

Baseboard, Hot Water

Cooling

None

Appliances

Included: Tankless Water Heater

Features

Flooring: Vinyl, Wood
Doors: Storm Door(s)
Basement: Interior Entry
Has fireplace: No

Interior area

Total structure area: 1,840
Total interior livable area: 1,840 sqft
Finished area above ground: 920
Finished area below ground: 920

Property

Parking

Total spaces: 2
Parking features: Garage - Attached
Attached garage spaces: 2

Features

Levels: Multi/Split
Stories: 2
Patio & porch: Deck

Lot

Size: 3,049 Square Feet

Details

Parcel number: NEPTM015L070
Zoning: Village Commercial

Construction

Type & style

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

Materials

Roof: Shingle

Condition

Year built: 1964

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public

Community & HOA

Location

Region: Newport

Financial & listing details

Price per square foot: $132/sqft
Tax assessed value: $179,900
Annual tax amount: $3,148
Date on market: 7/1/2025

Price history

Date	Event	Price
7/22/2026	Listing removed	$1,600$1/sqft
Source: Zillow Rentals Report a problem
7/1/2026	Listed for rent	$1,600$1/sqft
Source: Zillow Rentals Report a problem
9/10/2025	Pending sale	$249,900+2.8%$136/sqft
Source: Maine Listings #1628879 Report a problem
9/9/2025	Sold	$243,000-2.8%$132/sqft
Source: Maine Listings #1628879 Report a problem
7/29/2025	Contingent	$249,900$136/sqft
Source: Maine Listings #1628879 Report a problem
7/1/2025	Listed for sale	$249,9000%$136/sqft
Source: Maine Listings #1628879 Report a problem
5/30/2025	Listing removed	$250,000$136/sqft
Source: Maine Listings #1576523 Report a problem
12/12/2024	Listed for sale	$250,000$136/sqft
Source: Maine Listings #1576523 Report a problem
11/11/2024	Listing removed	$250,000$136/sqft
Source: Maine Listings #1576523 Report a problem
11/7/2024	Pending sale	$250,000$136/sqft
Source: Maine Listings #1576523 Report a problem
8/7/2024	Price change	$250,000-16.6%$136/sqft
Source: Maine Listings #1576523 Report a problem
5/30/2024	Listed for sale	$299,900-14.3%$163/sqft
Source: Maine Listings #1576523 Report a problem
5/3/2024	Listing removed	--
Source: Maine Listings #1576523 Report a problem
1/2/2024	Price change	$349,900-12.5%$190/sqft
Source: Maine Listings #1576523 Report a problem
11/2/2023	Listed for sale	$399,900$217/sqft
Source: Maine Listings #1576523 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$3,148 +14.8%	$179,900 +7%
2023	$2,742 +5.3%	$168,200 +26.6%
2022	$2,605 -0.4%	$132,900 +4.6%
2021	$2,616 +1.9%	$127,000 +1.9%
2020	$2,567 +2.5%	$124,600 +6%
2019	$2,505	$117,600
2018	$2,505 +6.5%	$117,600
2017	$2,352 +3.1%	$117,600
2016	$2,281 +8.4%	$117,600
2015	$2,105 +2.7%	$117,600 -1.3%
2014	$2,049 +6.2%	$119,100
2013	$1,929 +5.2%	$119,100 -1.2%
2012	$1,833	$120,600