FOR SALE
5 Water Street
Newport, ME 04953
Studio
3 Baths
8,832 sqft
- Studio
- 3 Baths
- 8,832 sqft
Studio
3 Baths
8,832 sqft
Local Information
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Commute Destination
Last check for updates: about 9 hours ago
Listing courtesy of CENTURY 21 Queen City Real Estate
Source: Maine Listings, MLS#1582851
Description
This opportunity does not come often. Add this building to your portfolio or great 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 professionals 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 in 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.
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 professionals 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 in 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.
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$44
Listed
No Info
Home Details for 5 Water Street
Active Status |
|---|
MLS Status: Active |
Interior Features |
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Interior Details Basement: Full,Interior Entry |
Beds & Baths Number of Bathrooms: 3Number of Bathrooms (full): 2Number of Bathrooms (half): 1 |
Dimensions and Layout Living Area: 8832 Square Feet |
Heating & Cooling Heating: Multi-ZonesNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Multi Zones |
Gas & Electric Electric: Circuit Breakers |
Windows, Doors, Floors & Walls Flooring: Wood, Laminate |
Levels, Entrance, & Accessibility Levels: Multi/SplitFloors: Wood, Laminate |
View Has a ViewView: Scenic |
Exterior Features |
|---|
Exterior Home Features Roof: Metal PitchedFoundation: Concrete PerimeterNo Private Pool |
Parking & Garage No CarportNo GarageNo Attached GarageParking: No Driveway,Other |
Frontage Waterfront: River FrontRoad Surface Type: PavedNot on Waterfront |
Water & Sewer Sewer: Public SewerWater Body: East Branch Sebasticook |
Finished Area Finished Area (above surface): 8832 Square Feet |
Property Information |
|---|
Year Built Year Built: 1900 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Construction Materials: Vinyl Siding, Wood Frame |
Price & Status |
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Price List Price: $385,000Price Per Sqft: $44 |
Location |
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Direction & Address City: Newport |
Agent Information |
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Listing Agent Listing ID: 1582851 |
Building |
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Building Area Building Area: 8832 Square Feet |
Lot Information |
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Lot Area: 5227.2 sqft |
Compensation |
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Buyer Agency Commission: 2Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Miscellaneous |
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BasementMls Number: 1582851 |
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Property Taxes and Assessment
| Year | 2022 |
|---|---|
| Tax | $2,229 |
| Assessment | $113,700 |
Home facts updated by county records
Comparable Sales for 5 Water Street
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.11 | Multi-Family Home | $148,500 | 03/15/24 | 2 | 1,632 | ||
5.83 | Multi-Family Home | $360,000 | 08/31/23 | 6 | 7,500 | ||
6.05 | Multi-Family Home | $45,000 | 10/31/23 | 2 | 1,200 | ||
5.89 | Multi-Family Home | $255,000 | 06/16/23 | 2 | 2,880 |
What Locals Say about Newport
- Brenda N.
- Resident
- 3y ago
"Neighbors live to close together, not everyone likes big dogs . Suppose to keep your dogs on a leash unless there in your control 100% all day. Neighbors call the cops on certain ones about the dogs"
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
CENTURY 21 Queen City Real Estate
Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
5 Water Street, Newport, ME 04953 is a studio, 3 bathroom, 8,832 sqft multi-family built in 1900. This property is currently available for sale and was listed by Maine Listings on Feb 24, 2024. The MLS # for this home is MLS# 1582851.