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$1,800,000 -$400,000 (-18.18%) Price Reduced

  • For Sale
  • Active
  • Commercial Multi-Family
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Unlock the potential of this Commercial property Renovations have started but aren't completed on this 11-unit apartment building property in the heart of Newport. Perfect for investors looking for an opportunity with much of the major work already done. Key Features & Improvements: New roof, windows, and electrical entrances. Upgraded electrical systems. New boiler and substantial plumbing work completed. Sprinkler system already installed. Generous off-street parking. With most of the major infrastructure already in place, this property is primed for the finishing touches. The first floor could be completed and could be rented out quickly to begin generating income while finishing the remaining units. Endless Potential: Five units with 1- bed/1 bath, 5- 2 bed/ 1 bath and 1 -3 bed/ 2 bath. Don't miss this chance to capitalize on a project with strong bones and serious potential.

Full Property Details for 161 Main St

General

  • Price: $1,800,000
  • Taxes: $6,356 (2025)
  • Status: Active
  • Type: Commercial Multi-Family
  • Source: MREIS
  • MLS ID: 1640973
  • Updated: 4/13/2026
  • Added to Site: 180 day(s) ago

Business

  • Business Type: Commercial

Additional Information

  • Equipment: Cable

Parking

  • Parking Features: On-Site Parking

Location

  • County: Penobscot

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Heat Pump
  • Heating Type: Hot Water, Heat Pump, Baseboard

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Brick, Steel Frame
  • Roof: Membrane
  • Stories/Levels: 3
  • Building Size: 10500
  • Square Feet: 10,500
  • Living Area: 10,500 Sq. Ft.
  • Year Built: 1900
  • Other Struct. Feat.: Sprinkler - Wet

Lot Features

  • Lot Size (Acres): 0.53
  • Lot Size (Sq. Ft.): 23,086.8
  • Zoning: Village commercial
  • Lot Description: Near Turnpike/Interstate, Downtown, Near Shopping

Financial Considerations

  • Tax Amount: $6,356
  • Tax Year: 2025

Disclosures and Reports

  • Lot Number: 117 & 119A

Listed by Better Homes & Gardens Real Estate/The Masiello Group (207) 942-6711

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Listing agent

— 161 Main St —

  • Better Homes & Gardens Real Estate/The Masiello Group

    207-942-6711

melissabartlett@masiello.com

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 161 Main St

School District:Regional School Unit 19
NameGradesDistance
Nokomis Regional Middle School
291 Williams Road, Newport, ME 04953
5-83.2 mi
Sebasticook Valley Elementary School
337 Williams Road, Newport, ME 04953
PK-43.4 mi
Nokomis Regional High School
291 Williams Road, Newport, ME 04953
9-123.2 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 161 Main St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/13/2026
Price Reduced
$1,800,000
-18.18%
MLS
10/16/2025
Listed
$2,200,000
797.96%
MLS
8/15/2022
Sold
$245,000
—
Public Record
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 161 Main St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,156
15%
$294,600
7%
2023
$4,487
5%
$275,300
27%
2022
$4,263
—
$217,500
5%
2021
$4,283
2%
$207,900
2%
2020
$4,202
2%
$204,000
6%
2019
$4,100
—
$192,500
—
2018
$4,100
6%
$192,500
—
2017
$3,850
3%
$192,500
—
2016
$3,735
8%
$192,500
—
2015
$3,446
4%
$192,500
—
2014
$3,311
6%
$192,500
—
2013
$3,120
—
$192,600
—
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.

Estimate the Cost for 161 Main St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Better Homes & Gardens Real Estate/The Masiello Group (207) 942-6711

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161 Main Street, Newport, ME 04953 (MLS# 1640973) is a Commercial Multi-Family property. 161 Main Street is currently listed for $1,800,000 and was received on October 16, 2025. Want to learn more about 161 Main Street? Do you have questions about finding other Commercial Multi-Family real estate for sale in Newport? You can browse all Newport real estate or contact a Coldwell Banker agent to request more information.

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