$1,200,000

42 43 47 & 49 River Rd New Portland, ME 04961

Estimated payment $7,099/month

Total Views 240
14 Beds
8.5 Baths
13,451 Sq Ft
$89 Price per Sq Ft

Highlights

  • 280 Feet of Waterfront
  • Wood Flooring
  • Forced Air Heating System
  • Cape Cod Architecture
  • No HOA
  • Baseboard Heating

About This Home

Rare 5-Property Investment Portfolio - Residential, Commercial & Waterfront. Present rental income is $9,150 per month and a possible income of both locations could be $12,035 monthly . There is also the possibility of having two commercial businesses at River road in New Portland on the fist floor of 43 and 47 River road . There is also the possibility of adding to additional lots for buildings on this site .At one point there was 45 River road and that building burned down. The potential of this opportunity is immense . Live , work and invest in this special place in New Portland and have a business and home on main street in Kingfield Maine !

An exceptional opportunity to acquire a five-property package thoughtfully combined to deliver income diversity, prime locations, and future growth potential. This unique portfolio includes a mix of commercial, single-family, and multi-unit residential properties, making it an ideal addition to any investor's holdings.

Highlights include 280 feet of owned waterfrontage along Lemon Stream in New Portland, offering natural appeal and recreational value, as well as a commercial property located on Main Street in Kingfield—a high-visibility location in the heart of town, perfect for retail, office, or mixed-use potential.

The remaining properties provide a variety of income-producing residential options, all benefiting from recent renovations designed to reduce maintenance and attract quality tenants. Combined, the portfolio offers a steady blend of residential rental income, commercial opportunity, and waterfront equity growth.

Located just 20 minutes from Farmington and 25 minutes to Sugarloaf Ski Resort, these properties sit within a highly desirable area that draws both year-round residents and seasonal visitors, strengthening the investment case.

This is a multi-faceted portfolio for investors seeking both immediate returns and long-term appreciation in one of Maine's most scenic and dynamic regions

Listing Agent

John Blouin

LAER Listed on: 08/21/2025

LAER

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,728

Lot Details

  • 2.09 Acre Lot
  • 280 Feet of Waterfront
  • Property fronts a private road
  • Rural Setting
  • Level Lot

Home Design

  • Cape Cod Architecture
  • Ranch Style House
  • New Englander Architecture
  • Concrete Foundation
  • Stone Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 13,451 Sq Ft Home
  • Water Views
  • Unfinished Basement
  • Interior and Exterior Basement Entry
  • Electric Range

Flooring

  • Wood
  • Linoleum
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 14 Bedrooms

Parking

  • Garage
  • Gravel Driveway

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Kerosene
  • Heating System Uses Oil
  • Heating System Uses Propane
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Private Water Source
  • Electric Water Heater
  • Private Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 14,37,38,39,40/26
  • Assessor Parcel Number 42434749RiverRoadNewPortland04961

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,728

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 2.09
  • Road Frontage Type: Private Road
  • Water Body Name: Lemon Stream
  • MLS Status: Active
  • Directions: For New Portland: From Farmington take Rt ME-27 north about 16 mi, right onto Rt ME-146 about .2mi. 42 River Rd will be on the left, 43, 47 & 49 across the street. For Kingfield: From Farmington take Rt ME-27 about 22.4mi. Property on right.
  • Above Grade Finished Sq Ft: 13451.0
  • Architectural Style: Cape Cod, New Englander, Ranch
  • Garage Yn: Yes
  • Unit Levels: Multi-Level
  • Year Built: 9999
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 2.09
  • Property Information:Total Baths: 9.0
  • Property Information:SqFt Finished Above Grade: 13451.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Appliances Included:Electric Range: Yes
  • Heat Fuel:Oil: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Style:Cape: Yes
  • Electric:Circuit Breakers: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Roads:Private: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat Fuel:Electric: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Roof:Metal: Yes
  • Floors:Laminate: Yes
  • Style:Ranch: Yes
  • Foundation Materials:Stone: Yes
  • Exterior:Wood Siding: Yes
  • Sewer:Private Sewer: Yes
  • Basement:Slab2: Yes
  • Heat Fuel:K-1Kerosene: Yes
  • Location:Rural: Yes
  • Water Info:Waterfront Amount -: 280.0
  • Water Info:Water Frontage Owned -: 280.0
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • Property Information:Deed Restrictions: Unknown
  • Heat System:Direct Vent Heater: Yes
  • Basement Entry:Exterior Only: Yes
  • Style:New Englander: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Levels:Multi-Level: Yes
  • Special Features: VirtualTour

Interior Features

  • Appliances: Refrigerator, Electric Range
  • Has Basement: Interior, Exterior Only, Unfinished
  • Full Bathrooms: 8
  • Half Bathrooms: 1
  • Total Bedrooms: 14
  • Fireplace: No
  • Flooring: Wood, Tile, Laminate

Exterior Features

  • Lot Features: Level, Rural
  • Waterfront: Yes
  • Construction Type: Wood Siding, Vinyl Siding, Wood Frame
  • Foundation Details: Stone, Concrete Perimeter, Slab
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Gravel

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Other, Forced Air, Direct Vent Heater, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer
  • Water Source: Private, Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 91040.4
  • Parcel #: 42434749RiverRoadNewPortland04961
  • Zoning: Residential

Tax Info

  • Tax Annual Amount: 6727.84
  • Tax Book Number: 5657,6094
  • Tax Lot: 14,37,38,39,40/26
  • Tax Map Number: 3/18
  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2025 08/21/25 For Sale $1,200,000 -- $89 / Sq Ft
Source: Maine Listings

About the Listing Agent

John Blouin

LAER

(207) 383-1107

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There are many qualities and skills that go into being an excellent real estate professional - integrity, in-depth community and market knowledge, effective negotiation skills, and a high-quality professional network, all of which are hallmarks of how I work. That said, in my experience, I've also found that providing the very best service is essentially about putting my clients first. This means keeping myself accessible, being a good listener as well as a good communicator, and responding

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  • 490-497 Old Belgrade Rd, Augusta, ME 04330

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  • 39 Turtle Run Rd Unit 8, Winthrop, ME 04364

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Source: Maine Listings

MLS Number: 1635146

Maine Listings