290 Penney Rd

New Gloucester, ME 04260
  • $499,999

    Price
  • 0

    Bed
  • 3

    Bath
  • 2,752

    SqFt

About the Listing 3699 - 015841

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.

Listing Highlights

Status Active
Days on Site 14
Property Type Multi-Family
MLS ® 1678845
Year Built 1982
Total Square Footage 2,752
Lot/Acreage 1.09
County Cumberland

Interior Details

  • Bedrooms: 0
  • Bathrooms: 3 Full
  • Appliances:
  • Air Cond: Heat Pump
  • Heating: Propane,Forced Air,Heat Pump
  • Fireplaces:
  • Floor: Carpet,Laminate,Vinyl
  • Above Ground Sq Ft: 2176
  • Below Ground Sq Ft: 576
  • Basement: Doghouse,Finished,Full,Partial
  • Other:
  • Water: Private

Exterior Details

  • Lot Description: Rural,Level
  • Garage Capacity: 2 car
  • Zoning: Residential
  • Roof: Shingle
  • Others:
  • Sewer: Private Sewer
  • Parking Features: Gravel,11 - 20 Spaces,Detached

Financial Details

  • Tax Amount: $3,532
  • Taxes w/Assessments: N/A
  • Tax/Property ID: NEWG-000004-000000-000030-D000000
  • Tax Year: 2025

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290 Penney Rd New Gloucester, ME 04260

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Originating MLS: Maine Listings

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Marnie DuBois

Partner | DuBois Realty Group | Keller Williams Realty

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