42 43 47 & 49 River Road, New Portland, ME 04961
$1,200,000
Property Type:
Residential
Bedrooms:
14
Baths:
9
Square Footage:
13,451
Lot Size (sq. ft.):
91,040
Status:
Active
Current Price:
$1,200,000
List Date:
8/21/2025
Last Modified:
6/24/2026
Description
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
Supplements: ********
More Information MLS# 1635146
Property Sub-Type
Property Sub-Type: Single Family Residence
Location Information
Street #: 42
Street Name: 43 47 & 49 River
Street Type: Road
County: Somerset
Town: New Portland
State/Province: ME
Zip Code: 04961
Leased Land: No
Book: 5657,6094
Page: 33,182
Map: 3/18
Lot: 14,37,38,39,40/26
Zoning: Residential
Zoning Overlay: Unknown
Association: No
Full Tax Amount $: 6727.84
Tax Year: 2024
Tree Growth Y/N: No
Geo Lat: 44.883979
Geo Lon: -70.098163
Contract Information
Status: Active
Original List Price: 1200000
List Price: $1,200,000
Current Price: $1,200,000
Property Information
Surveyed: No
Seasonal: No
Deed/Conveyance Type Offered: Quit Claim
Deed: All
Deed Restrictions: Unknown
# Bedrooms: 14
Total Full Baths: 8
Total Half Baths: 1
Total Baths: 9
Year Built: 9999
SqFt Finished Above Grade: 13451
SqFt Finished Total: 13451
SqFt Source: Other
Other Source of Square Footage: Photographer Floor Plans
Garage: Yes
Lot Size Acres +/-: 2.09
Source of Acreage: Public Records
Road Frontage: Yes
Road Frontage +/-: 450
Source of Road Frontage: Public Records
Water Info
Water Frontage: Yes
Waterfront Amount: 280
Water Frontage Owned: 280
Water View: Yes
Water Body Name: Lemon Stream
Property Features
Site: Level
Location: Rural
Roads: Private Road
Source of Water Frontage: Public Records
Water Body Type: Stream
Appliances Included: Electric Range; Refrigerator
Style: Cape Cod; New Englander; Ranch
Levels: Multi-Level
Construction: Wood Frame
Basement: Slab; Unfinished
Basement Entry: Exterior Only; Interior
Foundation Materials: Poured Concrete; Stone
Roof: Metal
Exterior: Vinyl Siding; Wood Siding
Heat System: Baseboard; Direct Vent Heater; Forced Air; Other
Heat Fuel: K-1/Kerosene; Oil; Propane
Water Heater: Electric
Cooling: None
Floors: Laminate; Linoleum; Tile; Wood
Driveway: Gravel
Parking: 5 - 10 Spaces
Vehicle Storage: No Vehicle Storage
Electric: Circuit Breakers
Gas: Bottled
Sewer: Private Sewer
Water: Private; Public
Documents
Listing Office: LAER
Last Updated: June - 24 - 2026
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. Copyright ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
