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About This Home

This 4-bedroom, 3-bathroom single family at 61 Elm Street in Newport, ME is listed for $349,000. Built in 1800, on a 0.26 acres lot.

Agent Description

NEWLY LISTED with expanded commercial opportunity and income potential in the heart of Newport! This unique property now includes a four-bay commercial garage with dedicated office space, creating an exceptional setup for contractors, small business owners, storage needs, hobby space, or investment potential.

The four-bay garage measures approximately 24x42 and is paired with a 12x24 office area, offering a rare opportunity to live, work, and generate income all from one property. Combined with the in-law apartment above the barn, this property offers excellent potential for rental income, business use, or multi-generational living.

This well-maintained property features an updated kitchen with modern finishes, comfortable living areas, a metal roof, and a spacious back deck overlooking the river. The in-law apartment above the barn provides added flexibility for guests, extended family, or additional income opportunities.

Favorable commercial zoning further enhances the versatility of the property while its central in-town location offers convenient access to local amenities, shopping, restaurants, and easy interstate travel to both Bangor and Augusta. A unique combination of residential comfort and commercial flexibility, this property offers endless potential for a wide variety of needs.

Key Features

  • Built in 1800
  • 0.26 acre lot

Property Details

2 full, 1 half
1800

Monthly Cost Estimate

$1,867/mo

20% down · 6.5% · 30 years

Principal$252
Interest$1,512
Insurance$102

Estimates only. Actual payments may vary.

Location

61 Elm Street

Newport, ME 04953

Questions & Answers

This 4-bedroom, 3-bathroom single family at 61 Elm Street is listed at $349,000. The estimated monthly payment is $1,512 based on 20% down at 6.5% interest.

Key features include: Built in 1800, 0.26 acre lot.

This property is listed by Sarah Ryan and can be reached at 2072402093 or sarahryan0622@gmail.com.

SR

Sarah Ryan

Agent at NextHome Experience

(207) 240-2093

Listed by NextHome Experience · View on Broker Site

MLS# 1661726· Source: listhub· Updated 21 days ago

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61 Elm Street, Newport, ME 04953

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