Active
8 beds1,440 sqft

48 Palmer Rd, Newport, ME 04953

Multi FamilyProperty Type
3.17 acresLot Size
1993Year Built
$212/sq ftPrice per sq ft

Description

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...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!
114 days on Market
  • Listed by: Beverly Weaver 207.951.5025 bev.nexthome@gmail.com • NextHome Experience
Last updated: 10/10/2026 03:53 PM • Source: Maine Listings, MLS#: 1667826
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Location

Listing Courtesy of NextHome Experience
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Payment Calculator

$1,915 per month

30 year fixed, 7.03% Interest

Principal and Interest

$1,628

Property Taxes

$287

HOA Dues

$0

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Property Information for 48 Palmer Road

Property Details

  • Taxes: $3,440 / year
  • MLS Type: Multi-Family
  • Architectural Style: Ranch
  • View: Trees/Woods
  • Has Waterfront: No
  • Zoning: Rural

Building Information

  • Residences: 2
  • Year Built: 1993
  • Lot Size: 3.17 AC / 138,085 SF

Summary

Location and General Information
  • Water View: No
  • Page: 59
  • Directions: GPS will take you to correct home
  • Latitude: 44.826136
  • Longitude: -$69.18
Taxes and HOA
  • Association: No
  • Parcel Number: NEPT-000003-000000-000027
  • Tax Lot: 27
  • Tax Book Number: 15472
  • Tax Map Number: 3
  • Tax Year: 2025
  • Tax Annual Amount: $3,440.00
Parking
  • Parking Features: Paved, 1 - 4 Spaces, Off Street
  • Vehicle Storage: No Vehicle Storage
  • Has Attached Garage: No
  • Has Garage: No

Property

Lot Information
  • Lot Features: Near Turnpike/Interstate, Near Town, Rural, Level, Wooded
  • Lot Size Acres: 3.17
  • Lot Size Area: 3.17
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 138085.2
  • Lot Size Units: Acres
  • 2 Detached Houses on 1 Lot: false
  • Other Source of Square Footage: Septic Design
  • Roads: Public
  • Road Front Other Source: Measured
  • Road Frontage: true
  • Road Frontage: 400.0
  • Tree Growth: false
Property and Assessments
  • Above Grade Finished Area: 1440.0
  • Building Area Total: 1440.0
  • Property Type: Multi-Family
  • Deed: All
  • Deed/Conveyance Type Offered: Quit Claim w/Covenant
  • Structure Type: Duplex
  • Structure Type: Duplex
  • Year Built: 1993
Building Features
  • Levels: One
  • Foundation Details: Poured Concrete
  • Construction Materials: Wood Frame, Vinyl Siding
  • Other Structures: Outbuilding, Shed(s)
  • Color: Tan
Financial Information
  • List Price/SqFt: $211.81
Utilities
  • Electric: Circuit Breakers
  • Gas: No Gas
  • Sewer: Septic Tank
  • Water Source: Well
  • Water Heater: Heat Pump, Off Heating System

Interior and Exterior Features

Exterior Features
  • Roof: Shingle
Interior Features
  • Amenities: 1st Floor Bedroom, Main Level
  • Bathrooms Full: 2
  • Bathrooms Total Decimal: 2.0
  • Bathrooms Total Integer: 2
  • Laundry Features: Main Level
  • Basement: Exterior Entry, Dirt Floor
  • Patio And Porch Features: Deck
  • Cooling: Heat Pump
  • Has Cooling: Yes
  • Heating: Oil, Baseboard, Heat Pump, Hot Water
  • Has Heating: Yes
  • Flooring: Tile, Vinyl
  • Interior Features: 1st Floor Bedroom

Room Information

Laundry
  • Laundry Room Amenities: Main Level

Multi Family

Multi Family Information
  • # of 2 BD Units: 2
  • Number Of Units Total: 2
Income & Expenses
  • Gross Income: $33,600.00
  • Operating Expense: $10,157.00

Unit Information

Unit 1
  • Num Full Baths: 1
  • Dedicated Electric Meter: Yes
  • Dedicated Gas Meter: No
  • Dedicated Water Heater: Yes
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: Yes
  • Range: Yes
  • Lease: Yes
  • Level: First
  • Security Deposit: Yes
  • Actual Rent: $1,400.00
  • Beds Total: 2
  • Rooms Total: 3
Unit 2
  • Num Full Baths: 1
  • Dedicated Electric Meter: Yes
  • Dedicated Gas Meter: No
  • Dedicated Water Heater: Yes
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: Yes
  • Range: Yes
  • Lease: Yes
  • Level: First
  • Security Deposit: Yes
  • Actual Rent: $1,400.00
  • Beds Total: 2
  • Rooms Total: 3
Unit 3
  • Num Full Baths: 1
  • Dedicated Electric Meter: Yes
  • Dedicated Gas Meter: No
  • Dedicated Water Heater: Yes
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: Yes
  • Range: Yes
  • Lease: Yes
  • Level: First
  • Security Deposit: Yes
  • Actual Rent: $1,400.00
  • Beds Total: 2
  • Rooms Total: 3
Unit 4
  • Num Full Baths: 1
  • Dedicated Electric Meter: Yes
  • Dedicated Gas Meter: No
  • Dedicated Water Heater: Yes
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: Yes
  • Range: Yes
  • Lease: Yes
  • Level: First
  • Security Deposit: Yes
  • Actual Rent: $1,400.00
  • Beds Total: 2
  • Rooms Total: 3

Rental

Rent Information
  • Land Lease: No
Tenant Information
  • Occupant Type: No

Property History for 48 Palmer Road

DateEvent & SourcePriceAppreciation
Oct 10, 2026

Price Change

Maine Listings #1667826

$305,000—
Aug 22, 2026

Price Change

Maine Listings #1667826

$310,000—
Aug 1, 2026

Price Change

Maine Listings #1667826

$315,000—
DateEvent & SourcePrice
10/10/2026

Price Change

Maine Listings #1667826

$305,000
08/22/2026

Price Change

Maine Listings #1667826

$310,000
08/01/2026

Price Change

Maine Listings #1667826

$315,000

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

Public records

48 Palmer Road

Baths

2

Total Finished SqFt

1,536 SqFt

Above Grade Finished SqFt

1,536 SqFt

Stories

1

Lot Size

138,085 SqFt

Style

Duplex

Schools near 48 Palmer Road

This home is within Regional School Unit 19.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Public - PK to 4
Rating
School
Distance
Somerset Elementary School
PublicPK to 4

Nokomis Regional Middle School
Public5 to 8

Nokomis Regional High School
Public9 to 12

Sebasticook Valley Elementary School
PublicPK to 4

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.

Similar Homes

48 Palmer Road is a multi-family home for sale in Newport, ME 04953. This property was listed for sale on June 18, 2026 by NextHome Experience, it's currently listed at $305,000. It has been on the market for a total of 114 days and was last sold on March 16, 2020. This listing's school district is Regional School Unit 19. Nearby schools include Somerset Elementary School, Nokomis Regional Middle School and Nokomis Regional High School. 48 Palmer Road is a 8-bed, 4-bath, 1,440 sqft multi-family home built in 1993.

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 NextHome Experience

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.