Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    161 Main St Newport, ME 04953

    For Sale
    $2,200,000

    MULTI_FAMILY - Newport, ME

    Property size:
    10,500 SF
    Lot size:
    0.53 Acres
    Days on Market:
    52
    Last Refresh:
    Dec 6 at 4:06 am

    Property Features for 161 Main St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Village commercial
    Rooms
    Basement
    Basement
    Unfinished, Full
    Size
    10,500 SF
    Lot size
    0.53 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating), Heat Pump (Heating), Baseboard
    Cooling system
    Heat Pump
    Water source
    Public

    Building Details

    Year built
    1900
    Number of units
    11
    Building materials
    Brick, Steel Frame
    Roof type
    Membrane

    Better Homes and Gardens Real Estate The Masiello Group (603) 283-1914 [email protected]

    Listing agent Melissa Bartlett (207) 942-6711

    Listing date Oct 16, 2025

    Copyright © 2025 Maine Real Estate Information System, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Newport Multifamily Renovation Opportunity

    This commercial property in Newport, Maine, presents an opportunity for investors. The 11-unit apartment building has renovations started but not completed. Key features and improvements include a new roof, windows, and electrical entrances, along with upgraded electrical systems. A new boiler has been installed, and substantial plumbing work has been completed. A sprinkler system is already in place. The property includes generous off-street parking. The first floor could be completed and rented out to generate income while finishing the remaining units. The property consists of five 1-bed/1-bath units, five 2-bed/1-bath units, and one 3-bed/2-bath unit. The property is zoned for village commercial use and has a lot size of 0.53 acres. The building has a property size of 10,500 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sail-in Corner Cafe ... Restaurant Or Cafe

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Penobscot
    State
    Maine
    Longitude
    -69.272029
    Latitude
    44.835204

    Nearby Similar for Sale

    • $459,900
      1.10 Acres

      Newport Commercial Buildings on Route 11

      Three commercial buildings on an oversized lot with leases in place.
      262 Moosehead Trl, Newport, ME 04953
      View Details
    • $2,200,000
      10,500 SF

      Newport Multifamily Investment Opportunity

      Partially renovated 11-unit apartment building with income potential.
      161 Main St, Newport, ME 04953
      View Details
    • $69,000
      2.00 Acres

      Prime Newport Commercial Land

      Two-acre lot, high visibility, affordable.
      #5 Moosehead Trl Trl, Newport, ME 04953
      View Details
    • $750,000
      6,566 SF

      Prime Newport Commercial Property

      High-traffic location, 6,566 sq ft, great potential.
      134 Main St, Newport, ME 04953
      View Details
    • $419,900
      3,216 SF

      Prime Newport Commercial Property

      Spacious building, 3.13 acres, high traffic.
      18 Ellingwood Dr, Newport, ME 04953
      View Details

    FAQs

    What type of property is this?
    Apartment building - Eleven-unit apartment building with renovations underway in Newport, Maine.
    Where is this apartment building located?
    The property is located at 161 Main St Newport, ME.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: - Partially renovated 11-unit apartment building offering immediate income potential upon completion of the first floor.; - Significant infrastructure upgrades completed: new roof, windows, electrical entrances, upgraded electrical systems, new boiler, and substantial plumbing work.; - Generous off-street parking available.
    (207) 942-6711
    Request Owner's contact information
    161 Main St Newport, ME 04953
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    161 Main St
    Newport, ME 04953
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    161 Main St Newport, ME 04953
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.