Price Reduced 4.16%

$369,000

Est. Mortgage $0/mo *

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Price History

$385,000
2/24/2024

$369,000
8/28/2024

5 Water Street, Newport, ME, 04953

5 Water Street, Newport, ME, 04953
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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

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Listing courtesy of CENTURY 21 Queen City Real Estate