Price Reduced 4.16%

$369,000

Est. Mortgage $0/mo *

Quick Pre-Approval

Brochure

Call Text Schedule Tour Request More Information

Price History

$385,000
2/24/2024

$369,000
8/28/2024

5 Water Street, Newport, ME, 04953

5 Water Street, Newport, ME, 04953
View larger map Directions

2 Full / 1 Half baths

1900

Multi-Level

8,832 sqft

This opportunity does not come often. Add this building to your portfolio or great for the beginning of an investment. This owner has put life back into this property and it has been reformed over the years and the character is endless. What a nice addition to the town of Newport. This building has 3 floors and filled with business and residential. In this 9000 sq foot building we have a Specialty store, a dance studio, 2 large residential apartments and several small professionals providing their own services. It also has a few areas that can become more rental opportunities. In 2009 a new metal roof was put on and in 2017 the second and third floors were provided with their own Rinnia heaters and bathrooms have been updated. All the tenants are requesting to stay so the income will keep coming and the potential for more is evident. Look to your backyard to sit by the Sebasticook River that runs by, Sitting in the heart of Newport the amenities are endless.

Status:

Active

Type:

Multi-family

Units:

3

Zoning:

Comm-Mixed

Frontage:

61

Heating:

Multi-Zones

Cooling:

None

Basement:

Full, Interior Entry

Parking:

No Driveway, Other

Acreage:

0.12

Est. Taxes:

$2,345

Construction

Vinyl Siding, Wood Frame

Utilities

Utilities On

Lot Description:

Level, Open Lot, Sidewalks, Interior Lot, Intown, Near Shopping

View Description:

Scenic

MLS #:

1582851

Community Info

School Info

Walk Score

Mass Transit

Yelp

Similar Properties

$350,000

3 baths

2,030 sqft

294 Parkhurst Siding Road, Presque Isle, ME, 04769

Price Reduced!

$349,000

2 baths

4,464 sqft

340 Main Road, Passadumkeag, ME, 04475

$375,000

4 baths

4,026 sqft

47 Holyoke Street, Brewer, ME, 04412

$345,000

4 baths

2,552 sqft

90 Holyoke Street, #4, Brewer, ME, 04412

$395,000

2 baths

4,000 sqft

784 Acadia Highway, Montville, ME, 04941

Price Reduced!

$360,000

5.5 baths

4,006 sqft

31 Davenport Street, Milford, ME, 04461

$399,999

2 baths

1,740 sqft

155 Estelle Street, Pittsfield, ME, 04967

$379,000

3 baths

3,460 sqft

64 State Street, Brewer, ME, 04412

Price Reduced!

$355,000

4 baths

3,500 sqft

37 Dahlia Farm Road, Monroe, ME, 04951

$350,000

2 baths

1,505 sqft

178-180 Birch Street, Bangor, ME, 04401

$365,000

2 baths

1,976 sqft

21 & 23 Court Street, Rockland, ME, 04841

$375,000

3 baths

4,336 sqft

135 South Rumford Road, Rumford, ME, 04276

$369,900

6 beds

3 baths

3,380 sqft

1593 E Noxon Road, Lagrange, (La Grange), ME, 12540

$373,000

3 baths

2,364 sqft

135 Forest Avenue, Bangor, ME, 04401

Price Reduced!

$375,000

1 baths

3,000 sqft

17 & 19 Boynton Street, Bangor, ME, 04401

$405,000

3 baths

3,418 sqft

148 Nokomis Road, Corinna, ME, 04928

New or Coming Soon Properties

New Listing!

$399,900

2 baths

2,688 sqft

1 Doughty Way, Windsor, ME, 04363

Price Reduced!

$409,000

2 baths

1,760 sqft

44 Memory Lane, Arundel, ME, 04046

New Listing!

$375,000

2 baths

1,219 sqft

28 Elm Street, Brunswick, ME, 04011

New Listing!

$349,000

3 baths

1,817 sqft

63 Patterson Street, Augusta, ME, 04330

New Listing!

$339,900

2 baths

2,617 sqft

218 Summer Street, Auburn, ME, 04210

New Listing!

$389,000

2 baths

2,240 sqft

59 Webber Avenue, Lewiston, ME, 04240

New Listing!

$429,000

3.5 baths

3,151 sqft

19 Central Street, Ellsworth, ME, 04605

New Listing!

$359,900

3 baths

4,590 sqft

51 Pleasant Street, Sanford, ME, 04083

New Listing!

$379,000

1 baths

1,698 sqft

1024 Commercial Street, Rockport, ME, 04856

New Listing!

$430,000

2 baths

2,593 sqft

2 Weeks Street, Bath, ME, 04530

New Listing!

$325,000

2 baths

1,596 sqft

16 Noble Avenue, Bath, ME, 04530

New Listing!

$425,999

3 baths

3,423 sqft

71 Washington Street, Augusta, ME, 04330

New Listing!

$415,000

2 baths

1,800 sqft

480 Sokokis Trail, Waterboro, ME, 04030

New Listing!

$299,900

4 baths

2,458 sqft

124 College Avenue, Waterville, ME, 04901


Listing courtesy of CENTURY 21 Queen City Real Estate