161 Main St
Description
New roof, windows, and electrical entrances. Upgraded electrical systems. New boiler and substantial plumbing work completed. Sprinkler system already installed. Generous off-street parking. With most of the major infrastructure...Unlock the potential of this Commercial property Renovations have started but aren't completed on this 11-unit apartment building property in the heart of Newport. Perfect for investors looking for an opportunity with much of the major work already done. Key Features & Improvements:
New roof, windows, and electrical entrances. Upgraded electrical systems. New boiler and substantial plumbing work completed. Sprinkler system already installed. Generous off-street parking. With most of the major infrastructure already in place, this property is primed for the finishing touches. The first floor could be completed and could be rented out quickly to begin generating income while finishing the remaining units. Endless Potential: Five units with 1- bed/1 bath, 5- 2 bed/ 1 bath and 1 -3 bed/ 2 bath. Don't miss this chance to capitalize on a project with strong bones and serious potential.
Property Details for 161 Main Street
Property Details for 161 Main Street
| Status | Active |
|---|---|
| MLS # | 1640973 |
| Days on Market | 58 |
| Taxes | $6,356 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Commercial / Multi Family |
| Year Built | 1900 |
| Lot Size | 0.53 AC / 23,086 SF |
| County | Penobscot County |
Location
Building Information for 161 Main Street
Payment Calculator
$11,401 per month
30 year fixed, 6.28% Interest
$10,871
$530
$0
Property Information for 161 Main Street
- Directions: Corner of Main Street and Mill Street
- Town: Newport
- State/Province: ME
- Zip Code: 04953
- County: Penobscot
- Geo Latitude: 44.835093
- Geo Longitude: -69.273571
- Tax Lot: 117 & 119A
- Location:Downtown: Yes
- Location:Near Shopping: Yes
- Location:Near Turnpike/Interstate: Yes
- Source of Water Frontage:Public Records: Yes
- Recreational Water:Nearby: Yes
- Parking Features: On Site
- Tax Book Number: 16587
- Tax Map Number: 15
- Tax Year: 2025
- Parcel Number: NEPT-000015-000000-000117
- Location Information:Association Y/N: No
- Tax Annual Amount: $6,356.00
- Virtual Tour URLUnbranded: https://www.propertypanorama.com/instaview/mreis/1640973
- Lot Size Acres: 0.53
- Building Area Total: 10500.0
- Lot Size Area: 0.53
- Lot Size Units: Acres
- Lot Size Square Feet: 23086.8
- Street Number: 161
- Property Information:Surveyed: No
- Property Information:Short Sale Continue to Show: No
- Property Information:Deed/Conveyance Type Offered: Quit Claim
- Property Information:Deed: All
- Property Information:Bank Owned REO: No
- Property Information:Year Renovated +/-: 2,024.00
- Property Information:Total # Floors: 3.00
- Sign on Property: Yes
- Leased Land: No
- Property Type: Commercial
- Property Type Label: Commercial
- Property Sub-Type: Multi Family
- Year Built: 1900
- Electric: True
- Sewer: Public Sewer
- Water Source: Public
- Other Equipment: Cable
- Utilities:Utilities On: Yes
- Gas:Bottled: Yes
- Construction Materials: Brick, Steel Frame
- Roof: Membrane
- Basement: Full, Unfinished
- Cooling: Heat Pump
- Heating: Hot Water, Heat Pump, Baseboard
- Foundation Details: Brick/Mortar
- # Floors: 3
- Bathrooms Total (Integer): 0
- Bathrooms Total (Decimal): .00
- Bathrooms Total (Notational): .00
- Cooling YN: Yes
- Heating YN: Yes
Property History for 161 Main Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Oct 15, 2025 | Listed (Active) Maine Listings #1640973 | $2,200,000 | — |
| Aug 15, 2022 | Sold Maine Listings #1531551 | $245,000 | — |
| Jul 15, 2022 | Active Under Contract Maine Listings #1531551 | — | |
| Jun 3, 2022 | Listed (Active) Maine Listings #1531551 | $269,900 | — |
| Date | Event & Source | Price |
|---|---|---|
| 10/15/2025 | Listed (Active) Maine Listings #1640973 | $2,200,000 |
| 08/15/2022 | Sold Maine Listings #1531551 | $245,000 |
| 07/15/2022 | Active Under Contract Maine Listings #1531551 | — |
| 06/03/2022 | Listed (Active) Maine Listings #1531551 | $269,900 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 161 Main Street
Schools near 161 Main Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 4 | |||
| Public - | 5 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 5 to 8 |
Rating | School | Distance |
|---|---|---|
Newport Elementary School PublicPK to 4 | ||
Sebasticook Valley Middle School Public5 to 8 | ||
Nokomis Regional High School Public9 to 12 | ||
Nokomis Regional Middle School Public5 to 8 |
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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Better Homes & Gardens Real Estate/The Masiello Group
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. © 2022 Maine Real Estate Information System, Inc. All Rights Reserved.
