1118 Exeter Road

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$319,900
1,500 sqft$213/sqft
1118 Exeter Rd, Exeter, ME 04435
Est: $1,809/moGet pre-approved

Description

Rare 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, guest space, extended family use, or continued investment use. The property features a new 22' x 28' garage,...Rare 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, guest space, extended family use, 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 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
LISTING UPDATED: 07/24/2026 02:02 PM

Property Details for 1118 Exeter Road

Status
Active
MLS #
1664049
Days on Market
76
Taxes
$2,200 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Multi Family
MLS Type
Multi-Family
Year Built
1865
Lot Size
9.00 AC / 392,040 SF
County
Penobscot County
Architectural Style
Farmhouse
View
Fields, Scenic, Trees/Woods
Has Waterfront
No
Zoning
Residential

Location

Listing Courtesy of RE/MAX Infinity
Add your commute

Building Information for 1118 Exeter Road

Stories-Residences3Year Built1865Building Size-Lot Size9.00 AC / 392,040 SF

Payment Calculator

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$1,809 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,626

Property Taxes

$183

HOA Dues

$0

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Property Information for 1118 Exeter Road

Summary
Location and General Information
  • Water View: No
  • Page: 1
  • Directions: GPS Friendly. Property is located at 1118 Exeter Road, Exeter, Maine. Look for the REMAX sign.
  • Latitude: 44.964926
  • Longitude: -$69.18
Taxes and HOA
  • Association: No
  • Parcel Number: EXER-000007-000000-000006-000002
  • Tax Lot: 6-2
  • Tax Book Number: 10070
  • Tax Map Number: 7
  • Tax Year: 2025
  • Tax Annual Amount: $2,200.00
Parking
  • Parking Features: Gravel, 5 - 10 Spaces, Detached
  • Vehicle Storage: 2 Car, Detached
  • Has Attached Garage: No
  • Garage Spaces: 2.0
  • Has Garage: Yes
School Information
  • High School District: MSAD 46
Property
Lot Information
  • Lot Features: Rural, Agricultural, Farm, Open Lot, Pasture
  • Lot Size Acres: 9.0
  • Lot Size Area: 9.0
  • Lot Size Source: Deed
  • Lot Size Square Feet: 392040.0
  • Lot Size Units: Acres
  • Roads: Public
  • Road Frontage: true
  • Road Frontage: 487.0
  • Source of Road Frontage: Deed
  • Tree Growth: false
Property and Assessments
  • Above Grade Finished Area: 1500.0
  • Building Area Total: 1500.0
  • Property Type: Multi-Family
  • Surveyed: No
  • Year Built: 1865
Building Features
  • Foundation Details: Poured Concrete
  • Construction Materials: Wood Frame, Wood Siding
  • Other Structures: Outbuilding, Shed(s), Barn(s)
Financial Information
  • List Price/SqFt: $213.27
Utilities
  • Electric: Circuit Breakers, Generator Hookup, Other Electric
  • Gas: Underground
  • Sewer: Private Sewer, Septic Tank
  • Water Source: Private, Well
  • Water Heater: Tank
Interior and Exterior Features
Exterior Features
  • Pool Features: Above Ground
  • Roof: Metal, Shingle
Interior Features
  • Amenities: 1st Floor Bedroom, Main Level, Above Ground, Shower, Storage
  • Bathrooms Full: 3
  • Bathrooms Total Decimal: 3.0
  • Bathrooms Total Integer: 3
  • Laundry Features: Main Level
  • Basement: Interior Entry, Slab
  • Patio And Porch Features: Deck
  • Cooling: Window Unit(s)
  • Has Cooling: Yes
  • Heating: Pellets, Propane, Solar, Wood, Direct Vent Heater, Pellet Stove, Wood Stove
  • Has Heating: Yes
  • Flooring: Tile, Wood, Hardwood
  • Interior Features: 1st Floor Bedroom, Shower, Storage
Room Information
Laundry
  • Laundry Room Amenities: Main Level
Multi Family
Multi Family Information
  • # of 1 BD Units: 2
  • # of 2 BD Units: 1
  • Number Of Units Total: 3
Income & Expenses
  • Gross Income: $25,000.00
  • Operating Expense: $9,500.00
Unit Information
Unit 1
  • Num Full Baths: 1
  • Dedicated Electric Meter: No
  • Dedicated Gas Meter: Yes
  • Dedicated Water Heater: No
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: Yes
  • Heat: Yes
  • Range: Yes
  • Lease: Yes
  • Level: First
  • Security Deposit: No
  • Actual Rent: $1,000.00
  • Beds Total: 1
  • Key: 008f634787a1937ecb0ab359698de442
  • Rooms Total: 1
Unit 2
  • Num Full Baths: 1
  • Dedicated Electric Meter: No
  • Dedicated Gas Meter: Yes
  • Dedicated Water Heater: No
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: Yes
  • Heat: Yes
  • Range: Yes
  • Lease: No
  • Level: First
  • Security Deposit: No
  • Beds Total: 2
  • Key: 3e250929a48ea387b02cc5cbd1963c24
  • Rooms Total: 6
Unit 3
  • Num Full Baths: 1
  • Dedicated Electric Meter: No
  • Dedicated Gas Meter: Yes
  • Dedicated Water Heater: No
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: Yes
  • Heat: Yes
  • Range: Yes
  • Lease: Yes
  • Level: Second
  • Security Deposit: No
  • Actual Rent: $1,000.00
  • Beds Total: 1
  • Key: 6f8962765df3f764ba9ac18ae3d02b84
  • Rooms Total: 1
Rental
Rent Information
  • Land Lease: No

Property History for 1118 Exeter Road

DateEvent & SourcePriceAppreciation
May 27, 2026

Listed (Active)

Maine Listings #1664049

$319,900—
Feb 20, 2026

Expired

Maine Listings #1634987

$339,000—
Aug 20, 2025

Listed (Active)

Maine Listings #1634987

$339,000—
DateEvent & SourcePrice
05/27/2026

Listed (Active)

Maine Listings #1664049

$319,900
02/20/2026

Expired

Maine Listings #1634987

$339,000
08/20/2025

Listed (Active)

Maine Listings #1634987

$339,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1118 Exeter Road

Taxable ValueLand$62,000Additions$72,000Total$134,000
Tax Record2025$1,561 ($130 / month)
Home Facts
Beds3Baths1Total Finished SqFt1,300 SqFtAbove Grade Finished SqFt1,300 SqFtLot Size1,916,640 SqFtStyleSingle Family ResidenceYear Built1820Year Renovated1820ZoningRACountyPENOBSCOTAPNEXER M:007 L:006

Schools near 1118 Exeter Road

This home is within Msad 46.
Rating
School
Type
Grades
Distance
Ridge View Community School
Public - PK to 8
Dexter Regional High School
Public - 9 to 12
Rating
School
Distance
Ridge View Community School
PublicPK to 8

Dexter Regional High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1118 Exeter Road, Exeter, ME 04435

1118 Exeter Road is a multi-family home for sale in Exeter, ME 04435. This property was listed for sale on May 27, 2026 by RE/MAX Infinity, it's currently listed at $319,900. This listing's school district is Msad 46. Nearby schools include Ridge View Community School and Dexter Regional High School. 1118 Exeter Road is a 0-bed, 3-bath, 1,500 sqft multi-family home built in 1865.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Infinity

Listing data is derived in whole or in part from the Maine IDX 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.