424 Walnut Hill Road, North Yarmouth, ME, 04097
About This Home
Exceptional opportunity to own a fully leased, income-producing mixed-use investment property in North Yarmouth. The property features a neighborhood restaurant and event barn leased on a Triple Net (NNN) basis and two leased second-floor residential apartments, providing diversified and stable cash flow. With strong in-place income, minimal landlord responsibilities, ample parking, and excellent visibility on Walnut Hill Road, this turnkey investment is well suited for a 1031 exchange or investors seeking a stabilized asset with long-term upside
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1900
Materials
- Foundation: Stone,Granite,Brick/Mortar
- Roof: Flat,Membrane,Pitched,Shingle
- Construction materials: Wood Frame,Vinyl Siding
Type & Style
- Home type: MultiFamily
- Architectural style: Chalet,Farmhouse,Other
- Property subType: Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Interior Entry,Dirt Floor,Unfinished,Brick/Mortar
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 2
Features
- Flooring: Tile,Vinyl,Wood,Luxury Vinyl
- Finished area below ground: 0
- Finished area above ground: 6,832
Heating & Cooling
- Heating features: Baseboard,Heat Pump,Steam
- Cooling features: Heat Pump
Interior Area
- Total structure area: 6,832
- Total interior livable area: 6,832 sqft
Property
Details
- Parcel number: NYARM007L029
- Zoning: Shoreland/Commercial
Features
- Levels: Multi/Split
- Stories: 2
Lot
- Lot size: 0.52 Acres
- Features: Business District,City Lot,Near Town,Level,Open Lot
Parking
- Parking features: Common,Gravel,21+ Spaces,On Site,Paved,Off Street
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Ice Storm
- Winter Weather
- Lightning
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Maine Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $6,548 | $78,576 |
| Home Insurance | $267 | $3,204 |
| Property Taxes | $2,276 | $27,312 |
| Electricity | $993 | $11,917 |
| Total | $10,084 | $121,008 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-30 | Listed for sale | $1,295,000 |
| 2021-11-03 | Sold | $593,000 |
| 2021-10-07 | Pending sale | $599,000 |
| 2021-09-24 | Contingent | $599,000 |
| 2021-08-31 | Listed for sale | $599,000 |
For Sale by Agent
View on Zillow