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$243,000

  • Sold
  • Closed
  • Multi-Family
  • 2 Units
  • 0.07 Acres
  • 2 Car Garage
See This Home
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This versatile in-town property offers an excellent mix of residential and commercial potential. Situated on a in-town lot, the building features two well-maintained rental units with a strong rental history and great income potential. Unit 1: Spacious 3-bedroom apartment Unit 2: Comfortable 2-bedroom apartment Bonus: An equipped beauty salon occupies the front commercial space - perfect for an owner-operator or investor looking to lease to a local business. Two-car heated garage, attached and leads into the downstair apartment. Great location thats close to shopping, services, and Lake Sebasticook recreation. Whether you're looking for a mixed-use property to add to your portfolio or a live/work opportunity in a central Maine community, this property delivers flexibility, character, and income.

Full Property Details for 5 Park Ave

General

  • Sold For: $243,000
  • Taxes: $3,148 (2024)
  • Status: Closed
  • Type: Multi-Family
  • Source: MREIS
  • MLS ID: 1628879
  • Added to Site: 241 day(s) ago

Interior

  • Interior Features: 1st Floor Bedroom, Bathtub, Shower
  • Appliances: Tankless Water Heater
  • Flooring: Wood, Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Other Rooms

  • Laundry: Washer Hookup

Additional Information

  • Equipment: Cable

Exterior

  • Porch/Patio/Deck: Deck

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 2
  • Parking Features: Paved, On-Site Parking, Inside Entrance

Location

  • County: Penobscot

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Hot Water, Baseboard

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Raised Ranch
  • Construction: Vinyl Siding, Brick, Wood Frame
  • Roof: Shingle
  • Doors: Storm Door(s)
  • Stories/Levels: 2
  • Building Size: 1840
  • Square Feet: 1,840
  • Living Area: 1,840 Sq. Ft.
  • Finished Total: 1,840 Sq. Ft.
  • Finished Above Grnd: 920 Sq. Ft.
  • Finished Below Grnd: 920 Sq. Ft.
  • Year Built: 1964

Lot Features

  • Lot Size (Acres): 0.07
  • Lot Size (Sq. Ft.): 3,049.2
  • Lot Size Source: Public Records
  • Zoning: Village Commercial
  • Lot Description: Corner Lot, Level, Intown, Near Public Beach, Near Shopping, Near Railroad

Financial Considerations

  • Tax Amount: $3,148
  • Tax Year: 2024

Disclosures and Reports

  • Lot Number: 70

Listed by Better Homes & Gardens Real Estate/The Masiello Group (207) 942-6711
Sold by EXP Realty (888) 439-8743

Listing agent

— 5 Park Ave —

  • 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 5 Park Ave

School District:Regional School Unit 19
NameGradesDistance
Nokomis Regional High School
291 Williams Road, Newport, ME 04953
9-123.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5 Park Ave

Date
Details
Price
Change
Source
9/09/2025
Sold
$243,000
-2.76%
MLS
7/01/2025
Listed
$249,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Better Homes & Gardens Real Estate/The Masiello Group (207) 942-6711
Sold by EXP Realty (888) 439-8743

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Price Reduced near 5 Park Ave

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49 Main St, Hartland, ME 04943 - Photo 1 Price Reduced
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Recent Sales near 5 Park Ave

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12 Park Ave, Newport, ME 04953 - Photo 1 Sold
$239,900

12 Park Ave  Newport, ME 04953

  • Single Family
  • Closed
  • 4
    Beds
  • 2
    Total Baths
  • 1,813
    Sq. Ft.
Listed by NextHome Experience
Sold by Integrity Homes Real Estate Group, PC
10 Sheridan St, Newport, ME 04953 - Photo 1 Sold
$255,000

10 Sheridan St  Newport, ME 04953

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Sold by RE/MAX Infinity
25 Elm St, Newport, ME 04953 - Photo 1 Sold
$220,000

25 Elm St  Newport, ME 04953

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16 Pleasant St  Newport, ME 04953

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    Sq. Ft.
Listed and Sold by Laer

5 Park Avenue, Newport, ME 04953 (MLS# 1628879) is a Multi-Family property that was sold at $243,000 on September 09, 2025. Want to learn more about 5 Park Avenue? Do you have questions about finding other 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.