5 Park Avenue, Newport, ME 04953 (MLS # 1628879)
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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.
| LAST UPDATED | 7/1/2025 | YEAR BUILT | 1964 |
|---|---|---|---|
| GARAGE SPACES | 2.0 | COUNTY | Penobscot |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Tankless Water Heater |
| BASEMENT | Unfinished, Yes |
| CONSTRUCTION | Brick, Vinyl Siding |
| GARAGE | Attached Garage, Yes |
| HEAT | Baseboard, Hot Water |
| LOT | 3049 sq ft |
| LOT DESCRIPTION | Corner Lot, Level |
| MLS STATUS | Active |
| PARKING | Paved, On Site, Inside Entrance, Attached |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Raised Ranch |
| TAXES | 3148 |
| WATER | Public |
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Listing provided by Better Homes & Gardens Real Estate/The Masiello Group, [email protected]
Listing data is derived in whole or in part from the Maine IDX & is for consumers'' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.© 2025 Maine Real Estate Information System, Inc. All Rights Reserved. 
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IDX data provided by Market Leader, courtesy of Maine Listings.
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