UNDER CONTRACT

Contingent

$449,999

Est. $2,894/mo —

•

2,752

sq ft

290 Penney Rd, New Gloucester, ME 04260

About this home

Discover this versatile and meticulously maintained property that offers a unique blend of residential and commercial potential. The property features three separate units: two spacious 2-bedroom, 1-bathroom units ideal for tenants or extended family, and a third unit permitted as a 1-chair hair salon, which the has been renting out as a comfortable studio apartment. A detached 2-car garage provides ample parking and storage, while each unit has its own separate utilities, simplifying management and billing. The property has been very well cared for and is in excellent condition, reflecting pride of ownership. Currently generating over 5,000 per month, it offers strong income potential and cash flow. Additionally, the property has been pre-inspected for general building and septic systems, ensuring peace of mind with no surprises. Whether you're an owner-occupant looking for a live-in space with rental income or an investor seeking a turnkey asset with commercial flexibility, this property presents an outstanding opportunity to own a well-priced, income-producing asset with excellent future potential.

Single-familyProperty Type

1982Year Built

1.09 acresLot Size

$164Price/Sq.Ft.

2 garage spacesParking

Listed by Gregory Hoar • Maine Values Real Estate

Listing updated: Oct 16, 2026 at 04:21pm

Redfin checked: a minute ago

•Source:MREIS #1679624

Payment calculator

$2,894 per month

Principal and interest$2,517

Property taxes

$294

HOA dues

Home insurance

$82

Utilities

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Affordability tools

Open houses

No upcoming open houses.

Nearby open houses (10)

OPEN THU, 1PM TO 2PM
$799,900
5 beds3 baths2,857 sq ft
27 Bayview St, Yarmouth, ME 04096
OPEN THU, 5PM TO 6PM
$1,095,000
4 beds3 baths3,932 sq ft
52 Farms Edge Rd, North Yarmouth, ME 04097
OPEN SAT, 10AM TO 12PM3D WALKTHROUGH
$949,000
3 beds1.5 baths1,562 sq ft
158 Mayberry Rd, Gray, ME 04039
OPEN SAT, 10:30AM TO 12PM
$399,999
4 beds2 baths1,852 sq ft
470 Whites Bridge Rd, Standish, ME 04084
OPEN SAT, 11AM TO 1PM
$449,900
3 beds1 bath1,778 sq ft
81 Highland Rd, Standish, ME 04084
OPEN SAT, 11AM TO 1PM
$335,000
2 beds2 baths991 sq ft
10 Stillwater Dr #3134, Windham, ME 04062
OPEN SAT, 12PM TO 1:30PM
$489,000
3 beds1.5 baths2,072 sq ft
29 Riverside Rdg, Windham, ME 04062
OPEN SAT, 1PM TO 2:30PM
$525,000
3 beds2 baths2,031 sq ft
7 Stephens Ave, Gray, ME 04039
OPEN SUN, 10AM TO 11:30AM
$449,000
3 beds1.5 baths1,431 sq ft
12 Kendall Ln Unit B, Freeport, ME 04032
OPEN SUN, 12PM TO 1:30PM
$819,000
3 beds2 baths2,784 sq ft
125 Loring Ln, Pownal, ME 04069

Around this home

Schools

K - 12
Preschool & daycare

Burchard A Dunn School

Public PreK-4 • Assigned • 2.3mi

9/10

Gray-New Gloucester Middle School

Public 5-8 • Assigned • 4.3mi

5/10

Gray-New Gloucester High School

Public 9-12 • Assigned • 4.1mi

5/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Offer insights

290 Penney Rd · $449,999

Strong offer

$451K and above

75% chance or better to win

Why $451K+ is a strong offer

DAYS ON MARKET

The average home goes pending in 40 days.

SALE-TO-LIST

Most homes are selling 0% above list price.

About offer insights

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Interior features
13 rooms
Finished, full, partial basement with doghouse entry

Bedrooms
Four bedrooms, all on the first floor

Bathrooms
Three full bathrooms

Kitchen
Cooktop, dishwasher, microwave, gas range, refrigerator

Laundry & utility
Washer and dryer
Tankless water heater

Flooring
Carpet, laminate, vinyl

Heating & cooling
Forced-air and heat pump heating
Heat pump cooling

Sale and tax history for 290 Penney Rd

Sale History
Tax History

Date

Event

Price

MREIS #1679624

Oct 16, 2026

Contingent

—

Oct 5, 2026

Price Changed

$449,999

$164/sq ft

Sep 17, 2026

Price Changed

$474,999

$173/sq ft

Sep 8, 2026

Listed

$499,999

$182/sq ft

MREIS #1678845

Oct 16, 2026

Contingent

—

Oct 5, 2026

Price Changed

$449,999

$164/sq ft

Sep 17, 2026

Price Changed

$474,999

$173/sq ft

Sep 2, 2026

Listed

$499,999

$182/sq ft

+47

Discover this versatile and meticulously maintained property that offers a unique blend of residential and commercial potential. The property features three separate units: two spacious 2-bedroom, 1-bathroom units ideal for tenants or extended family, and a third unit permitted as a 1-chair hair salon, which the has been renting out as a comfortable studio apartment. A detached 2-car garage provides ample parking and storage, while each unit has its own separate utilities, simplifying management and billing. The property has been very well cared for and is in excellent condition, reflecting pride of ownership. Currently generating over $5,000 per month, it offers strong income potential and cash flow. Additionally, the property has been pre-inspected for general building and septic systems, ensuring peace of mind with no surprises. Whether you're an owner-occupant looking for a live-in space with rental income or an investor seeking a turnkey asset with commercial flexibility, this property presents an outstanding opportunity to own a well-priced, income-producing asset with excellent future potential.

MREIS #1247719

Jun 29, 2016

Sold

$123,500

$45/sq ft

Jun 3, 2016

Price Changed

$124,900

$45/sq ft

May 5, 2016

Price Changed

$144,900

$53/sq ft

Mar 9, 2016

Price Changed

$159,900

$58/sq ft

Feb 10, 2016

Price Changed

$174,900

$64/sq ft

Jan 7, 2016

Listed

$193,900

$70/sq ft

+28

Year

Property tax

Land + Additions

Assessment*

2025

$3,532 (+3.9%)

$77,556 + $150,725

$228,281

2024

$3,399 (+4.2%)

$77,556 + $150,725

$228,281

2023

$3,262 (+3.6%)

$77,556 + $150,725

$228,281

2022

$3,150

$77,556 + $150,725

$228,281

2021

$3,150 (+1.1%)

$77,556 + $150,725

$228,281

2020

$3,116 (−7.8%)

$77,556 + $150,725

$228,281

2019

$3,380 (+7.0%)

$59,600 + $140,400

$200,000

2018

$3,160 (+1.3%)

$59,600 + $140,400

$200,000

2017

$3,120 (+6.1%)

$59,600 + $140,400

$200,000

2016

$2,940 (+0.3%)

$59,600 + $140,400

$200,000

2015

$2,930 (+1.0%)

$59,600 + $140,400

$200,000

2014

$2,900

$59,600 + $140,400

$200,000

Public record

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

1.09 Acres

Year renovated

1998

Finished Sq. Ft.

2,176

Unfinished Sq. Ft.

—

Total Sq. Ft.

2,176

Year built

1982

Style

Single Family Residential

County

Cumberland County

APN

166046

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 27, 2026.

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 93° expected this year, 16 days in 30 years

4/10 Wind Factor

24% chance of strong winds in next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 1 days in 30 years

Provided by First Street

Historical weather

New Gloucester, ME • 04260

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

97/ 100

Exceptional sunlight

Sunscore

This home receives average direct sun exposure in New Gloucester. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

10.6 hrs

6 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 290 Penney Rd

We cannot show automated home-value estimates for this home.

Nearby homes have recently sold between $420,000 and $600,000.

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $420K to $600K.

SOLD SEP 25, 2026
$475,000 Last sold price
4 beds3 baths2,782 sq ft
12 Lilac Ln, New Gloucester, ME 04260
$7/sq ft
larger lot
20 years newer
SOLD SEP 23, 2026
$462,500 Last sold price
3 beds2 baths1,840 sq ft
59 Mckenny Dr, New Gloucester, ME 04260
$87/sq ft
16 years newer
SOLD AUG 31, 2026
$549,000 Last sold price
3 beds1.5 baths2,556 sq ft
76 Depot Rd, Gray, ME 04039
$51/sq ft
larger lot
122 years older
SOLD AUG 3, 2026
$600,000 Last sold price
4 beds3 baths2,598 sq ft
57 Granite Farm Hill Rd, Durham, ME 04222
$67/sq ft
larger lot
13 years newer
SOLD JUL 31, 2026
$495,000 Last sold price
4 beds2 baths2,660 sq ft
263 Town Farm Rd, New Gloucester, ME 04260
$22/sq ft
larger lot
5 years newer
SOLD AUG 5, 2026
$420,000 Last sold price
3 beds1 bath1,056 sq ft
10 Briarwood Dr, New Gloucester, ME 04260
$234/sq ft
24 years newer

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About this home

Payment calculator

Affordability tools

Open houses

Nearby open houses (10)

Around this home

Schools

Lifestyle

Offer insights

Property details

Sale and tax history for 290 Penney Rd

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 290 Penney Rd

This home may not be allowing tours right now

Nearby similar homes

New listings for sale in 04260

More real estate resources