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    Newport Multifamily Investment Opportunity
    Updated: Oct 16, 2025
    Newport Multifamily Investment Opportunity

    161 Main Street, Newport, ME 04953

    $2,200,000
    10,500 sqft 23,087.00 AC lot
    New roof, windows, and electrical entrances already installed.
    Substantial plumbing work and upgraded electrical systems completed.
    Sprinkler system already installed.
    Generous off‑street parking.
    Potential for immediate income generation by completing and renting the first floor.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 Active listings in Newport, ME, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Brick 8-Unit Apartment Building
    Brick 8-Unit Apartment Building

    72-74 Third Street, Bangor, ME 04401

    $1,279,900
    12,418 sqft 0.21 AC lot

    8-unit apartment building with off-street rear parking and updated systems, offering a mix of 1-, 2-, and 3-bedroom layouts.

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    Multifamily Investment Opportunity in Skowhegan
    Multifamily Investment Opportunity in Skowhegan

    164 Madison Avenue, Skowhegan, ME 04976

    $1,900,000
    17,870 sqft 1.46 AC lot

    Two buildings totaling 15 units for sale in Skowhegan.

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    Skowhegan Multifamily Investment Opportunity
    Skowhegan Multifamily Investment Opportunity

    164 Madison Avenue, Skowhegan, ME 04976

    $1,900,000
    17,870 sqft 1.46 AC lot

    Two buildings totaling 15 units for sale in Skowhegan.

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    Well-Maintained 10-Unit Apartment Building
    Well-Maintained 10-Unit Apartment Building

    52 Ohio Street, Bangor, ME 04401

    $939,000
    7,122 sqft

    Ten-unit multifamily property with updated mechanicals and long-term tenants, offering stable rental income potential.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Brooklyn Two-Family Home with Development Potential
    Brooklyn Two-Family Home with Development Potential

    69 Martense Street, Brooklyn, NY 11226

    $1,888,888
    2,660 sqft 0.10 AC lot

    Two-family home on a large lot with significant development potential.

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    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

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    Central Business Zoned Development Land
    Central Business Zoned Development Land

    107 HOWARD Street, La Plata, MD 20646

    $250,000
    0.23 AC lot

    Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

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    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

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    Off-Market Properties in Newport, ME

    Consider similar Off-Market properties in Newport, ME. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    99 Main St
    Individual retail properties

    99 Main St, Newport, ME 04953

    Value Estimation by Request
    3,300 sqft 0.54 AC lot
    View details

    Newport, ME Apartment Buildings Market Trends and Statistics

    Explore 2 apartment buildings for sale in Newport, ME on our real estate platform. These investment opportunities span a total of 10,500 square feet of properties for sale, with an estimated market value of $2,200,000.

    Sale prices for two-family homes in Newport, ME start at $2,200,000, averaging $2,200,000, and reaching up to $2,200,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 3,145
    Population Growth (5Y) -2.5%
    Median Household Income $62,708
    College Educated 36.0%

    High-Yield Neighborhoods for Investment

    Identify Newport submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    04953 $2.2M

    Taxes & Financing

    Tax Rate (average for all types) 1.63%
    Property Tax per SF $51.27 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Penobscot County

    New Delisted

    Total CRE Inventory on Market (SF)

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