$299,900
Original price: $319,900
4 Beds
3 Baths
1,500 sqft (on 9 acres)
1118 Exeter Road, Exeter, ME 04435
Est. Mortgage $2,002/mo*
Get Pre-QualifiedHome Highlights
Multi-Family
Built in 1865
9 acre lot
$200/sqft
Garage
Local Information
- Map ViewExplore the area around 1118 Exeter Road.
- Schools1 Preschool School1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
Last check for updates: about 20 hours ago
Listing courtesy of RE/MAX Infinity
Source: Maine Listings, MLS#1664049
Also Listed on Maine Listings.
About this House
What's unique:Pasture areaMultiple living spaces
Income-producing multi-unit property on 9± acres in Exeter, generating approximately 25,000 in annual rental income. Originally built in 1865, with extensive renovations completed in 1985, this historic property includes a 3-bedroom, 1-bath main home along with two separate studio apartment units, each with a full bathroom. The layout offers flexibility for owner occupancy, rental income, additional living space, or continued investment use.
The property features a new 22' x 28' garage, a 50' x 60' five-stall horse barn with attached shed, pasture area, pond, and open outdoor space suitable for animals, gardening, recreation, or homestead use. A 14,000-watt solar system adds energy efficiency and helps offset utility costs.
With rental income already in place, multiple living spaces, 9± acres, barn space, pasture, pond, garage, and solar, this is a hard-to-find opportunity for buyers seeking a flexible rural Maine property with practical use, historic character, and income potential.
The property features a new 22' x 28' garage, a 50' x 60' five-stall horse barn with attached shed, pasture area, pond, and open outdoor space suitable for animals, gardening, recreation, or homestead use. A 14,000-watt solar system adds energy efficiency and helps offset utility costs.
With rental income already in place, multiple living spaces, 9± acres, barn space, pasture, pond, garage, and solar, this is a hard-to-find opportunity for buyers seeking a flexible rural Maine property with practical use, historic character, and income potential.
Home Details for 1118 Exeter Road
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Interior Details Basement: Interior Entry |
Beds & Baths Number of Bedrooms: 4Number of Bathrooms: 3Number of Bathrooms (full): 3 |
Dimensions and Layout Living Area: 1500 Square Feet |
Heating & Cooling Heating: Direct Vent Heater,Pellet Stove,Wood StoveHas CoolingAir Conditioning: Window Unit(s)Has HeatingHeating Fuel: Direct Vent Heater |
Gas & Electric Electric: Circuit Breakers, Generator Hookup, Other Electric |
Windows, Doors, Floors & Walls Flooring: Tile, Wood, Hardwood |
Levels, Entrance, & Accessibility Levels: Multi/SplitFloors: Tile, Wood, Hardwood |
View Has a ViewView: Fields, Scenic, Trees/Woods |
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Exterior Home Features Roof: Metal ShinglePatio / Porch: DeckOther Structures: Outbuilding, Shed(s), Barn(s)Foundation: Poured ConcreteHas a Private Pool |
Parking & Garage Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageNo Attached GarageParking Spaces: 2Parking: Gravel,5 - 10 Spaces,Detached |
Pool Pool |
Frontage Not on Waterfront |
Water & Sewer Sewer: Private Sewer, Septic Tank |
Finished Area Finished Area (above surface): 1500 Square Feet |
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Days on Market: 129 |
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Year Built Year Built: 1865 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi FamilyArchitecture: Farmhouse |
Building Construction Materials: Wood Frame, Wood Siding |
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Price List Price: $299,900Price Per Sqft: $200 |
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MLS Status: Active |
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Direction & Address City: Exeter |
School Information High School District: MSAD 46 |
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Listing Agent Listing ID: 1664049 |
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Building Area Building Area: 1500 Square Feet |
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Lot Area: 9 Acres |
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BasementMls Number: 1664049Above Grade Unfinished Area: 1500 |
Around this home
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.
What Locals Say about Exeter
At least 1 Trulia users voted on each feature.
100 % Say kids play outside
100 % Say there's holiday spirit
100 % Say yards are well-kept
100 % Say neighbors are friendly
100 % Say parking is easy
100 % Say car is needed
Sourced by Trulia users. Learn more about our methodology.
Market trends in Exeter
Last updated August 2026
Avg. sale price
—
Sale-to-List Price
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Price per sq ft
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Available listings
8
3MoM
Home Value
Trulia Estimate
$271KSince last month
Increased$3K (+0.9%)Since last year
Decreased$47K (-14.6%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +132% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| October 2026 | $277K |
| September 2026 | $271K |
| August 2026 | $274K |
| July 2026 | $293K |
| June 2026 | $295K |
| May 2026 | $318K |
2025 | |
2024 | |
2023 | |
2022 | |
2021 | |
2020 | |
2019 | |
2018 | |
2017 | |
2016 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
4.99 | Multi-Family Home | $270,000 | 03/04/26 | 6 | 2 | 2,432 | |
4.99 | Multi-Family Home | $600,000 | 01/27/26 | 14 | 7 | 6,247 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.02 | - | 4 | 2 | 1,890 | Off Market | |
0.06 | - | Studio | - | - | Off Market | |
0.06 | - | - | - | - | Off Market | |
0.10 | $458,700 | 3 | 2.5 | 2,479 | Off Market | |
0.12 | $321,900 | 3 | 2 | 1,728 | Off Market | |
0.13 | $267,900 | 3 | 1 | 1,456 | Off Market | |
0.14 | $108,600 | 1 | 1 | 512 | Off Market | |
0.14 | $188,600 | Studio | - | - | Off Market | |
0.14 | - | Studio | - | - | Off Market | |
0.16 | $174,500 | 3 | 1 | 1 | Off Market | |
0.18 | $188,300 | 2 | 1 | 900 | Off Market | |
0.21 | $251,100 | 2 | 1 | 1,344 | Off Market | |
0.27 | $251,600 | 4 | 1 | 1,658 | Off Market | |
0.28 | $325,400 | 4 | 2.5 | 3,710 | Off Market | |
0.30 | - | Studio | - | - | Off Market | |
0.31 | $185,500 | 2 | 1 | 1,008 | Off Market | |
0.33 | $167,500 | Studio | - | 1,466 | Off Market | |
0.33 | $153,100 | 3 | 1 | 1,440 | Off Market | |
0.34 | - | Studio | - | 831 | Off Market | |
0.34 | $226,900 | 4 | 2 | 1,096 | Off Market |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Aug 13, 2026 Source: Maine Listings #1664049 | PriceChange | $299,900 Price decreased by 6% |
May 27, 2026 Source: Maine Listings #1664049 | Listed For Sale | $319,900 |
Dec 16, 2025 Source: Maine Listings #1634987 | ListingRemoved | $339,000 |
Aug 20, 2025 Source: Maine Listings #1634987 | Listed For Sale | $339,000 |
Oct 17, 2023 Source: NextHome | ListingRemoved | |
Jul 31, 2023 Source: Maine Listings #1566226 | PriceChange | $460,000 Price decreased by 3% |
Jul 24, 2023 Source: Maine Listings #1566226 | PriceChange | $475,000 Price increased by 12% |
Jul 21, 2023 Source: Maine Listings #1566226 | Listed For Sale | $425,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2024 | $1,433 | $123,000 |
Home facts updated by county records
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
RE/MAX Infinity
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.
© 2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
Zillow Inc. 415 Congress St #202 Portland, ME 04101 206-424-8443
Zillow Inc. 415 Congress St #202 Portland, ME 04101 206-424-8443
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Frequently asked questions about 1118 Exeter Road
- What is the estimated monthly payment for 1118 Exeter Road?Based on a $299,900 list price with 20% down at today's rates, the estimated monthly payment for 1118 Exeter Road is approximately $2,040 (about $1,698 principal & interest, $267 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- What are the closest schools to 1118 Exeter Road?The closest schools to 1118 Exeter Road are Dexter Regional High School (rated 4/10), Ridge View Community School (Pre-K/Elementary/Middle, rated 3/10).
- What is 1118 Exeter Road estimated to be worth?Trulia's estimated value for 1118 Exeter Road is $271,200.
- Does 1118 Exeter Road have air conditioning?Yes, 1118 Exeter Road has air conditioning.
- Does 1118 Exeter Road have a pool?Yes, 1118 Exeter Road has a pool.
1118 Exeter Road, Exeter, ME 04435 is a 4 bedroom, 3 bathroom, 1,500 sqft multi-family built in 1865. This property is currently available for sale and was listed by Maine Listings on May 27, 2026. The MLS # for this home is MLS# 1664049.