48 Palmer Rd

Newport, ME 04953

$324,900
Price
—
Beds
1,440 Sq. Ft.
$226 / Sq. Ft.
1,440
Sq. Ft.
$226
per Sq. Ft.
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Description

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,...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!
  1. Listed by Beverly Weaver • NextHome Experience
    P: (207)-951-5025 C: (207)-951-5025 bev.nexthome@gmail.com

Property Details for 48 Palmer Road

Architectural Style
Ranch
View
Trees/Woods
Has Waterfront
No
Zoning
Rural
LISTING UPDATED: 06/26/2026 10:27 AM

Property Details for 48 Palmer Road

StatusActive
MLS #1667826
Days on Market20
Taxes$3,440 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family
Year Built1993
Lot Size3.17 AC / 138,085 SF
CountyPenobscot County
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Location

Listing Courtesy of NextHome Experience
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Building Information for 48 Palmer Road

Stories-Residences2Year Built1993Building Size-Lot Size3.17 AC / 138,085 SF

Payment Calculator

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$1,906 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,619

Property Taxes

$287

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 48 Palmer Road

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
  • Source of Road Frontage: Other
  • SqFt Source: Other
  • 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
  • Foundation Details: Poured Concrete
  • Construction Materials: Wood Frame, Vinyl Siding
  • Other Structures: Outbuilding, Shed(s)
  • Color: Tan
Financial Information
  • List Price/SqFt: $225.63
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, Laundry - 1st Floor, One-Floor Living
  • 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, One-Floor Living
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
  • Key: 667b7e1902dcafebd61286ff09139d3f
  • 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
  • Key: 9d5b78f44952402bb4aa857241a2dd71
  • Rooms Total: 3
Rental
Rent Information
  • Land Lease: No
Tenant Information
  • Occupant Type: No

Property History for 48 Palmer Road

DateEvent & SourcePriceAppreciation
Jun 18, 2026

Listed (Active)

Maine Listings #1667826

$324,900—
Jan 8, 2021

Expired

Maine Listings #1442065

$125,000—
Mar 23, 2020

Withdrawn

Maine Listings #1442066

—
DateEvent & SourcePrice
06/18/2026

Listed (Active)

Maine Listings #1667826

$324,900
01/08/2021

Expired

Maine Listings #1442065

$125,000
03/23/2020

Withdrawn

Maine Listings #1442066

—

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

Public Records for 48 Palmer Road

Taxable ValueLand$38,600Additions$153,600Total$192,200
Tax Record2025$3,440 ($287 / month)
Home Facts
Total Finished SqFt1,536 SqFtAbove Grade Finished SqFt1,536 SqFtStories1Lot Size138,085 SqFtStyleDuplexYear Built1990ZoningRACountyPENOBSCOTAPNNEPT M:003 L:027

Schools near 48 Palmer Road

This home is within Regional School Unit 19.
Rating
School
Type
Grades
Distance
Newport Elementary School
Public - PK to 4
Sebasticook Valley Middle School
Public - 5 to 8
Nokomis Regional High School
Public - 9 to 12
Nokomis Regional Middle School
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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More information about 48 Palmer Road, Newport, ME 04953

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 $324,900. It has been on the market for a total of 20 days and was last sold on March 16, 2020. This listing's school district is Regional School Unit 19. Nearby schools include Newport Elementary School, Sebasticook Valley Middle School and Nokomis Regional High School. 48 Palmer Road is a 0-bed, 2-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.