MOTIVATED SELLER!! Investment opportunity in rural Newport! Whether you're looking to offset your mortgage by living in one unit while renting the other or expand your investment portfolio, this well-maintained duplex is an excellent opportunity. This well-maintained duplex offers two spacious units, each featuring 2 bedrooms and 1 bathroom. Both units are currently rented, providing immediate income potential for investors or those looking to expand their portfolio. The current owner covers heat and internet; however, because each unit has its own separate heating system, heat could easily become a tenant-paid expense, improving your return on investment. Situated in a peaceful country setting, this property offers the perfect balance of privacy and convenience with easy access to the interstate for commuting and travel. The generous acreage and ample road frontage provide the potential for future development, including the possibility of adding another home (subject to local approval). Whether you're seeking a turnkey investment or a property with room for growth, this Newport duplex is worth a closer look. All appliances, including washer and dryers, are included!
Active
Price cut: $5K (8/22)
$310,000
48 Palmer Road, Newport, ME 04953
4beds
1,440sqft
Multi Family
Built in 1993
-- sqft lot
$-- Zestimate®
$215/sqft
$-- HOA
What's special
Well-maintained duplexAmple road frontageGenerous acreageTwo spacious unitsPeaceful country setting
- 74 days
- 458
- 26
Zillow last checked:
Listing updated:
Listed by:
NextHome Experience
Source: Maine Listings,MLS#: 1667826
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard, Heat Pump, Hot Water
Cooling
- Heat Pump
Features
- 1st Floor Bedroom
- Flooring: Tile, Vinyl
- Basement: Exterior Entry,Dirt Floor
Interior area
- Total structure area: 1,440
- Total interior livable area: 1,440 sqft
- Finished area above ground: 1,440
- Finished area below ground: 0
Property
Parking
- Parking features: Paved, 1 - 4 Spaces, Off Street
Features
- Patio & porch: Deck
- Has view: Yes
- View description: Trees/Woods
Lot
- Size: 3.17 Acres
- Features: Near Turnpike/Interstate, Near Town, Rural, Level, Wooded
Details
- Additional structures: Outbuilding, Shed(s)
- Parcel number: NEPTM003L027
- Zoning: Rural
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Foundation: Poured Concrete
- Roof: Shingle
Condition
- Year built: 1993
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Septic Tank
- Water: Well
Community & HOA
Location
- Region: Newport
Financial & listing details
- Price per square foot: $215/sqft
- Tax assessed value: $177,800
- Annual tax amount: $3,440
- Date on market: 6/18/2026
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/22/2026 | Price change | $310,000-1.6%$215/sqft |
Source: | ||
| 8/1/2026 | Price change | $315,000-3%$219/sqft |
Source: | ||
| 6/18/2026 | Listed for sale | $324,900+173%$226/sqft |
Source: | ||
| 3/16/2020 | Sold | $119,000-4.8%$83/sqft |
Source: | ||
| 1/9/2020 | Listed for sale | $125,000$87/sqft |
Source: North Country Properties #1442066 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,112 +15% | $177,800 +7% |
| 2023 | $2,707 +5.2% | $166,100 +26.5% |
| 2022 | $2,573 -0.4% | $131,300 +4.7% |
| 2021 | $2,583 +1.9% | $125,400 +1.9% |
| 2020 | $2,536 +2.5% | $123,100 +5.9% |
| 2019 | $2,475 | $116,200 |
| 2018 | $2,475 +6.5% | $116,200 |
| 2017 | $2,324 +3.1% | $116,200 |
| 2016 | $2,254 +8.4% | $116,200 |
| 2015 | $2,080 +3.1% | $116,200 -0.9% |
| 2014 | $2,018 +14.8% | $117,300 -1.9% |
| 2011 | $1,758 | $119,600 -2.2% |
| 2009 | -- | $122,300 |
Find assessor info on the county website
Monthly payment
Est. payment





