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$474,999 -$25,000 (-5%) Price Reduced

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 3 Full Baths
  • 2,752 Sq. Ft.
  • 1.09 Acres
  • 2 Car Garage
  • Updated 1 day ago
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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.

Full Property Details for 290 Penney Rd

General

  • Price: $474,999
  • Taxes: $3,532 (2025)
  • Status: Active
  • Type: Single Family
  • Source: MREIS
  • MLS ID: 1679624
  • Updated: 9/17/2026
  • Added to Site: 11 day(s) ago

Interior

  • Number of Rooms: 13
  • Appliances: Cooktop, Dishwasher, Dryer, Microwave, Gas Range, Refrigerator, Washer, Tankless Water Heater
  • Flooring: Carpet, Laminate, Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 4

Exterior

  • Porch/Patio/Deck: Deck

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Parking Features: Gravel, 11 - 20 Spaces, Detached

Location

  • County: Cumberland

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Other, Heat Pump
  • Heating Type: Propane, Forced Air, Heat Pump

Utilities

  • Sewer: Private Sewer
  • Water: Private

Structural Information

  • Architectural Style: Other, Ranch
  • Construction: Other, Wood Frame, Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Doghouse, Finished, Full, Partial
  • Roof: Shingle
  • Square Feet: 2,752
  • Sq. Ft. Source: Public Records
  • Finished Total: 2,752 Sq. Ft.
  • Finished Above Grnd: 2,176 Sq. Ft.
  • Finished Below Grnd: 576 Sq. Ft.
  • Year Built: 1982

Additional Structures

  • Other Structures: Outbuilding

Lot Features

  • Lot Size (Acres): 1.09
  • Lot Size (Sq. Ft.): 47,480.4
  • Zoning: Residential
  • Lot Description: Rural, Level

Financial Considerations

  • Tax Amount: $3,532
  • Tax Year: 2025

Disclosures and Reports

  • Lot Number: 30D

Listed by Maine Values Real Estate (207) 838-7773

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Listing agent

— 290 Penney Rd —

  • Maine Values Real Estate

    207-838-7773

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 290 Penney Rd

School District:School Administrative District 15
NameGradesDistance
Burchard A Dunn School
667 Morse Road, New Gloucester, ME 04260
3-42.3 mi
Memorial School, New Gloucester, ME
86 Intervale Road, New Gloucester, ME 04260
K-23.7 mi
Gray-New Gloucester Middle School
31 Libby Hill Road, Gray, ME 04039
5-84.3 mi
Gray-New Gloucester High School
10 Libby Hill Road, Gray, ME 04039
9-124.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 290 Penney Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/17/2026
Price Reduced
$474,999
-5%
MLS
9/08/2026
Listed
$499,999
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 290 Penney Rd

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,532
4%
$228,281
—
2024
$3,399
4%
$228,281
—
2023
$3,262
4%
$228,281
—
2022
$3,150
—
$228,281
—
2021
$3,150
1%
$228,281
—
2020
$3,116
-8%
$228,281
14%
2019
$3,380
7%
$200,000
—
2018
$3,160
1%
$200,000
—
2017
$3,120
6%
$200,000
—
2016
$2,940
—
$200,000
—
2015
$2,930
1%
$200,000
—
2014
$2,900
8%
$200,000
—
2013
$2,690
—
$200,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Maine Values Real Estate (207) 838-7773

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290 Penney Road, New Gloucester, ME 04260 (MLS# 1679624) is a Single Family property with 4 bedrooms and 3 full bathrooms. 290 Penney Road is currently listed for $474,999 and was received on September 08, 2026. Want to learn more about 290 Penney Road? Do you have questions about finding other Single Family real estate for sale in New Gloucester? You can browse all New Gloucester real estate or contact a Coldwell Banker agent to request more information.

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