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42 43 47 & 49 River Road, New Portland, ME, 04961

14beds
9baths
13,451sqft
$1,200,000
$89price/sqft
$9,726/moest. monthly cost
$389,040/yrincome needed

About This Home

Rare 5-Property Investment Portfolio - Residential, Commercial & Waterfront. Present rental income is $9,150 per month and a possible income of both locations could be $12,035 monthly . There is also the possibility of having two commercial businesses at River road in New Portland on the fist floor of 43 and 47 River road . There is also the possibility of adding to additional lots for buildings on this site .At one point there was 45 River road and that building burned down. The potential of this opportunity is immense . Live , work and invest in this special place in New Portland and have a business and home on main street in Kingfield Maine ! An exceptional opportunity to acquire a five-property package thoughtfully combined to deliver income diversity, prime locations, and future growth potential. This unique portfolio includes a mix of commercial, single-family, and multi-unit residential properties, making it an ideal addition to any investor's holdings. Highlights include 280 feet of owned waterfrontage along Lemon Stream in New Portland, offering natural appeal and recreational value, as well as a commercial property located on Main Street in Kingfield—a high-visibility location in the heart of town, perfect for retail, office, or mixed-use potential. The remaining properties provide a variety of income-producing residential options, all benefiting from recent renovations designed to reduce maintenance and attract quality tenants. Combined, the portfolio offers a steady blend of residential rental income, commercial opportunity, and waterfront equity growth. Located just 20 minutes from Farmington and 25 minutes to Sugarloaf Ski Resort, these properties sit within a highly desirable area that draws both year-round residents and seasonal visitors, strengthening the investment case. This is a multi-faceted portfolio for investors seeking both immediate returns and long-term appreciation in one of Maine's most scenic and dynamic regions

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
13
BikeSomewhat Bikeable

Schools

3/10
Carrabec Community SchoolGrades K-810.0 mi
4/10
Carrabec High SchoolGrades 9-1210.4 mi

Construction

Materials

  • Foundation: Stone,Poured Concrete
  • Roof: Metal
  • Construction materials: Wood Frame,Vinyl Siding,Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Cape Cod,New Englander,Ranch
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Electric Range,Refrigerator

Basement

  • Has basement: Yes
  • Basement: Exterior Entry,Interior Entry,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 14
  • Bathrooms: 9
  • Full bathrooms: 8
  • 1/2 bathrooms: 1

Features

  • Flooring: Laminate,Tile,Wood,Linoleum
  • Finished area below ground: 0
  • Finished area above ground: 13,451

Heating & Cooling

  • Heating features: Baseboard,Direct Vent Heater,Forced Air,Other
  • Cooling features: None

Interior Area

  • Total structure area: 13,451
  • Total interior livable area: 13,451 sqft

Property

Details

  • Zoning: Residential

Features

  • Levels: Multi/Split
  • On waterfront: Yes
  • Waterbody name: Lemon Stream
  • Frontage length: Waterfrontage: 280,Waterfrontage Owned: 280

Lot

  • Lot size: 2.09 Acres
  • Features: Level

Parking

  • Parking features: Gravel,5 - 10 Spaces
  • Has garage: Yes