This opportunity does not come often.

Add this building to your portfolio or tremendous 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 profess ionals 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 n 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.

Request Information
on 5 Water St
in Newport, ME
Presented by Karen Burns at
CENTURY 21 Queen City Real Estate.


Property MLS #1582851 from MaineListings

+ Reveal additional info including schools and tax history

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+ Bathrooms

Total Bathrooms: 2.5
Full Bathrooms: 2
1/2 Bathrooms: 1

+ Other Rooms

Basement Features: Full, Interior Entry

+ Heating and Cooling

Heating Features: Multi-Zones
Heating: Yes

+ Interior Features

Flooring: Wood, Laminate

+ Waterfront and Water Access

Water Body Name: East Branch Sebasticook
River

+ Land Info

Lot Description: Level, Open Lot, Sidewalks, Interior Lot, Intown, Near Shopping
Lot Size Acres: 0.12
Lot Size Square Feet: 5227

+ Garage and Parking

Parking Features: No Driveway

+ Home Features

View: Scenic

+ Rental Info

Gross Income: 48000

+ Multi-Unit Info

Number of Units: 3

+ Homeowners Association

Calculated Total Monthly Association Fees: 0

+ Other Property Info

Annual Tax Amount: 2345
Source Listing Status: Active
County: Penobscot
Tax Year: 2024
Source Property Type: Multi-Family
Parcel Number: 5waterstreet
Zoning: Comm-Mixed
Source System Name: C2C
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'NoneType' object is not iterable

+ Commercial Info

Operating Expense: 20820

+ Building and Construction

Year Built: 1900
Above Grade Finished Area: 8832
Building Area Total: 8832
Building Exterior Type: Vinyl Siding, Wood Frame
Construction Materials: Vinyl Siding, Wood Frame
Foundation Details: Concrete Perimeter
Property Age: 124
Roof: Metal, Pitched
Architectural Style: Multi-Level

+ Utilities

Sewer: Public Sewer
Utilities On
Water Source: Public

+ Display Complete School Details

Newport Elementary School is a public elementary school located approximately 0.5 miles away.
Map directions

Nokomis Regional High School is a public high school located approximately 3 miles away.
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Sebasticook Valley Middle School is a public elementary and middle school located approximately 3.4 miles away.
Map directions