Investor or DIY enthusiast? This partially renovated ranch-style home in Mattawamkeag sits on 11 peaceful acres, offering endless potential. Featuring a durable metal roof with an ice and water shield, the structure is built on a solid slab foundation and presents an excellent opportunity for a fix-and-flip or rental income. The home is already well on its way to completion, with a nearly finished 950 sq. ft. two bedroom apartment. This spacious unit boasts brand-new flooring throughout (except for the bathroom, which is ready for your finishing touch), a brand-new electric range, refrigerator, washer, updated ceiling fans, and modern lighting. The bathroom is the last remaining project to bring this unit to full completion. Beyond the primary living space, an additional 360 sq. ft. area with a half bath provides flexibility—convert it into a cozy efficiency apartment, a guest suite, a home office, or a workshop. The potential for a second income-producing unit makes this property a unique investment. A dug well and septic system serve the home, with significant updates already made, including a new pump, pressure tank, and foot valve. However, the well will require further work to become fully operational. Additionally, the home needs a new central heating system, allowing the new owner to choose the most efficient option. Located in the quiet town of Mattawamkeag, this property is close to the Penobscot River and Mattaseunk Lake, providing access to outdoor recreation, fishing, and kayaking. Whether you're looking for a home with rental income potential, a flip opportunity, or a rural retreat with acreage, this property offers a great foundation to build upon. Seize the opportunity to bring this home to its full potential and create value in a beautiful Maine setting!
Single-familyProperty Type
1962Year Built
11 acresLot Size
$115Est. Price/Sq.Ft.
21 spacesParking
Listed by Richard Theriault• Keller Williams Realty
Listed by Nancy Theriault• Keller Williams Realty
Bought with Richard Theriault• Keller Williams Realty
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Earn from this home
Rent
$1,645/mo
Redfin rental estimate
List your home for rent
Market trends in 04459, ME
Last updated September 2026
Sale-to-List Price
98.5%
+2.7% MoM
Median sale price
$132K
$13K MoM
Avg. days on market
37d
14 days MoM
Recently sold homes
6
1 MoM
Provided by Redfin
Sale history for 311 Medway Rd
Date
Event
Price
MREIS #1614211
Mar 28, 2025
Sold
$88,500
$72/sq ft
Feb 11, 2025
Listed
$89,000
$72/sq ft
MREIS #1539728
Sep 29, 2022
Sold
$50,000
$41/sq ft
Aug 11, 2022
Listed
$55,000
$45/sq ft
INVESTORS take notice! This property needs a little TLC but with a little bit of work this place could be your next home or Airbnb spot! Sitting on 11 acres and only 10 minutes from I95, and an hour from mt Katahdin. This place has great access to all of Maine's great outdoor activities, all while still being close to all essential stores. Come check this place out today!
MREIS #1498318
Jan 18, 2022
Sold
$50,000
$41/sq ft
Oct 13, 2021
Price Changed
$54,900
$45/sq ft
Jun 28, 2021
Listed
$59,000
$48/sq ft
Small 2 bedroom ranch style home with open floor plan. This home sets on 11 acres is a good fixer upper.
Year
Property tax
Land + Additions
Assessment*
2017
$482 (+0.8%)
$9,000 + $15,350
$24,350
2016
$478 (−3.6%)
$9,000 + $15,350
$24,350
2014
$496 (−0.2%)
$9,000 + $15,350
$24,350
2013
$497
$9,000 + $15,350
$24,350
Tax history for 311 Medway Rd
Year
Property tax
Land + Additions
Assessment*
2017
$482 (+0.8%)
$9,000 + $15,350
$24,350
2016
$478 (−3.6%)
$9,000 + $15,350
$24,350
2014
$496 (−0.2%)
$9,000 + $15,350
$24,350
2013
$497
$9,000 + $15,350
$24,350
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
11 Acres
Year renovated
—
Sq. Ft.
0
Year built
—
Style
Single Family Residential
County
Penobscot County
APN
MU17L6A
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Dec 15, 2021.
Property details
Parking
Parking Information
Parking Features: 21+ Spaces, Paved, On Site
Interior
Virtual Tour
Bathroom Information
# of Baths (1/2): 1
# of Baths (Full): 1
Room 1 Information
Type: Bedroom 2
Level: First
Room 2 Information
Type: Living Room
Level: First
Features: Informal
Room 3 Information
Type: Kitchen
Level: First
Features: Eat-In Kitchen
Room 4 Information
Type: Other Room
Level: First
Features: Utility Room
Room 5 Information
Type: Primary Bedroom
Level: First
Interior Features
# of Rooms: 5
Interior Features: 1st Floor Bedroom, Shower
Furnished: Furnished
Washer, Refrigerator, Microwave, Electric Range
Accessibility Features: Level Entry
Door Features: Storm Door(s)
Window Features: Double-Pane Windows
Flooring: Wood, Vinyl, Concrete, Carpet
Other Equipment: Satellite Dish, Other Equipment, Internet Access Available
Laundry Information
Laundry Features: 1st Floor Laundry, Main Level
Exterior
Building Information
Construction Materials: Vinyl Siding, Wood Frame
Foundation Details: Slab
Roof: Metal, Pitched
Total Building Area (Sq. Ft.): 1,230
Building Area Source: Measured
Property Information
Property Sub Type: Single Family Residence
Security Features: Security System
Year Built: 1962
Above-Grade Finished Area (Sq. Ft.): 1,230
Lot Information
Lot Size (Sq. Ft.): $479,160
Lot Size (Acres): 11
Lot Size Source: Public Records
Lot Features: Rolling/Sloping, Open, Level, Wooded, Rural
Road Surface Type: Paved
Zoning: residential
Waterfront Information
Water Body Name: unnamed brook
Water Body Type: Brook
Water View: Seasonal
Financial
Tax Information
Annual Tax Amount: $990
Tax Year: 2024
Utilities
Utility Information
Has Heating
Heating: No Heat System
Electric: Circuit Breakers
Sewer: Septic Tank, Private Sewer
Utilities: Utilities On
Utilities On: Yes
Water Source: Well, Private
Water Heater: Electric
Location
HOA Information
Pets Allowed: No Restrictions
School Information
High School District: RSU 67
Location Information
Unparsed Address: 311 Medway Road, Mattawamkeag, ME 04459
Directions: From the Rt 157 Rt 2 intersection in Mattawamkeag, follow Rt 157 for approximately 3 miles to the property on your right.
Public facts
Beds: —
Baths: —
Sq. Ft.: 0
Stories: —
Lot Size: 11 acres
Style: Single Family Residential
Year Built: —
Year Renovated: —
County: Penobscot County
APN: MU17L6A
Home facts updated by county records on Dec 15, 2021
Around this home
Schools
We couldn't find any schools that service this home or are within 5 miles of this home.
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Historical weather
Mattawamkeag, ME • 04459
Average low and high temperatures (°F)
24
9
29
8
41
22
50
33
64
43
76
53
81
59
81
53
72
47
59
39
43
31
29
13
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 7.2 hours in
June and 2.5 hours in December, placing it below the
U.S. average for solar exposure.