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Ed Gardner

ed@gardnerregroup.com +1(207) 415-4493

Listed by Gregory Hoar Maine Values Real Estate

$ 499,999

Est. payment -/mo

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290 Penney RD New Gloucester, ME 04260

3 Baths

2,752 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,752 sqft

Price per Sqft $181

MLS Listing ID 1678845

Full Baths 3

HOA Y/N No

Year Built 1982

Tax Year 2025

Lot Size 1.090 Acres

Acres 1.09

Source Maine Listings

Land Area 2752

Property Description

Discover this versatile and meticulously maintained property that offers a unique blend of residential and commercial potential. The property features three separate units: two spacious 2-bedroom, 1-bathroom units ideal for tenants or extended family, and a third unit permitted as a 1-chair hair salon, which the has been renting out as a comfortable studio apartment. A detached 2-car garage provides ample parking and storage, while each unit has its own separate utilities, simplifying management and billing. The property has been very well cared for and is in excellent condition, reflecting pride of ownership. Currently generating over $5,000 per month, it offers strong income potential and cash flow. Additionally, the property has been pre-inspected for general building and septic systems, ensuring peace of mind with no surprises. Whether you're an owner-occupant looking for a live-in space with rental income or an investor seeking a turnkey asset with commercial flexibility, this property presents an outstanding opportunity to own a well-priced, income-producing asset with excellent future potential.

Location

State ME

County Cumberland

Zoning Residential

Direction Rt 202 to Gloucester Hill Road, Right onto Penney. GPS FRIENDLY

Rooms

Other Rooms Outbuilding

Basement Doghouse, Finished, Full, Partial

Interior

Heating Propane, Forced Air, Heat Pump

Cooling Other, Heat Pump

Flooring Carpet, Laminate, Vinyl

Exterior

Parking Features Gravel, 11 - 20 Spaces, Detached

Garage Spaces 2.0

Roof Type Shingle

Porch Deck

Garage Yes

Building

Lot Description Rural, Level

Story 1

Entry Level Multi-Level

Foundation Poured Concrete, Slab

Water Private

Architectural Style Other, Ranch

Others

Tax ID NEWG-000004-000000-000030-D000000

GET MORE INFORMATION

+1(207) 427-3637

admin@gardnerregroup.com

511 Congress St. STE 101, Portland, ME 04101

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