Building Details

Year Built 1982

Listed By: Crown Lakes Realty Show Phone

Source: Crownlakesrealty

Added: Sep 4 Changed: Oct 19 Last Checked: Oct 24 at 5:03PM

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Investment Insights

Based on property information with market context.

This 2,752-square-foot triplex, built in 1982, contains two 2-bedroom, 1-bathroom residences plus a third unit permitted for use as a 1-chair hair salon. The third space is currently being rented as a studio apartment. A detached 2-car garage provides additional parking and storage, while separate utilities serve each unit.

Located at 290 Penney Rd in New Gloucester, Maine, the property has undergone pre-inspections covering the general building and septic systems. The maintained configuration combines three distinct units with flexible residential and permitted commercial use.

Key Highlights

• Three‑unit layout with two 2‑bedroom, 1‑bathroom units
• Third unit permitted as a 1‑chair hair salon and currently rented as a studio apartment
• 2,752 square feet; built in 1982

Property Analytics

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Location Intelligence

Trade Area within ½ mile

7

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

Frequently Asked Questions

What type of property is this?

Triplex - Each unit has separate utilities for individual billing.

Where is this triplex located?

The property is located at 290 Penney Rd New Gloucester, ME.

What is the asking price?

The asking price for this property is $449,999.

What are key features of this property?

This property features: Three‑unit layout with two 2‑bedroom, 1‑bathroom units; Third unit permitted as a 1‑chair hair salon and currently rented as a studio apartment; 2,752 square feet; built in 1982