Building Details

Buildings 2

Listing Agency: Po-Go Realty p***@pogorealty.com Show Phone

Listed By: Peter Mason · License #ME

Source: Crexi

Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 9:36AM

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Investment Insights

Based on property information with market context.

This multifamily property includes an 1800's antique Cape with an ell and a 1975 manufactured home. The Cape provides a kitchen connected to the dining area, living room, first-floor bedroom, full bathroom, breezeway entry, and two additional bedrooms upstairs. A two-car garage is also included. The manufactured home features an open kitchen, dining and living area, two bedrooms, a full bathroom with laundry, and a three-season sunroom. Both residences require updating and are offered in as-is condition.

The property encompasses 14+/- acres at 214 N Pownal Rd in New Gloucester, Maine. Hardwood trees surround the homes, while the rear of the parcel overlooks a 2+/- acre meadow with additional trees beyond. Pineland Farms is approximately 4 miles away.

Key Highlights

• Two residences on one 14+/- acre parcel
• 1800's antique Cape with ell, first‑floor bedroom, two upstairs bedrooms, and full bathroom
• 1975 manufactured home with two bedrooms, laundry, and three‑season sunroom

Property Analytics

Property Profile

Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

2

Businesses Nearby

Explore this area Business Placement

Demographics for 04260, ME

5,676

Population

2,274

Households

2.5

Avg Household Size

43

Median Age

33%

College-Educated

96%

High-School Grad

47.1 sq mi

ZIP Area

121

Density / Sq Mi

$107,781

Median Household Income

$49,507

Median Earnings

$1,270

Median Rent

$316,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Multifamily property - Two residences occupy a wooded rural parcel, each offering a distinct floor plan and independent living spaces.

Where is this multifamily property located?

The property is located at 214 N Pownal Rd New Gloucester, ME.

What are key features of this property?

This property features: Two residences on one 14+/- acre parcel; 1800's antique Cape with ell, first‑floor bedroom, two upstairs bedrooms, and full bathroom; 1975 manufactured home with two bedrooms, laundry, and three‑season sunroom