MOTIVATED SELLER!! Investment opportunity in rural Newport! Whether you're looking to offset your mortgage by living in one unit while renting the other or expand your investment portfolio, this well-maintained duplex is an excellent opportunity. This well-maintained duplex offers two spacious units, each featuring 2 bedrooms and 1 bathroom. Both units are currently rented, providing immediate income potential for investors or those looking to expand their portfolio. The current owner covers heat and internet; however, because each unit has its own separate heating system, heat could easily become a tenant-paid expense, improving your return on investment. Situated in a peaceful country setting, this property offers the perfect balance of privacy and convenience with easy access to the interstate for commuting and travel. The generous acreage and ample road frontage provide the potential for future development, including the possibility of adding another home (subject to local approval). Whether you're seeking a turnkey investment or a property with room for growth, this Newport duplex is worth a closer look. All appliances, including washer and dryers, are included!
Multi-familyProperty Type
1993Year Built
3.17 acresLot Size
$215Price/Sq.Ft.
1 spaceParking
Listed by Beverly {Bev} Weaver• NextHome Experience
Nice ranch style Duplex each with 2 bedrooms and 1 bathroom, both have open kitchen and living room, with laundry hookup. Recent updates with good tenant history over the years. Sellers have done many updates, including new windows in one unit. Both units heat very well. Sellers are motivated and will pay buyer's closing costs. Additional $500 bonus to the agent who brings an acceptable offer by February 1, 2020.
MREIS #1442066
Jan 9, 2020
Listed
$125,000
$87/sq ft
MREIS #1442065
Jan 9, 2020
Listed
$125,000
$87/sq ft
MREIS #967709
Mar 23, 2010
Listed
$119,900
$83/sq ft
Year
Property tax
Land + Additions
Assessment*
2024
$3,112 (+15.0%)
$38,600 + $139,200
$177,800
2023
$2,707 (+5.2%)
$36,000 + $130,100
$166,100
2022
$2,573 (−0.4%)
$28,500 + $102,800
$131,300
2021
$2,583 (+1.9%)
$27,200 + $98,200
$125,400
2020
$2,536 (+2.5%)
$26,700 + $96,400
$123,100
2019
$2,475
$25,200 + $91,000
$116,200
2018
$2,475 (+6.5%)
$25,200 + $91,000
$116,200
2017
$2,324 (+3.1%)
$25,200 + $91,000
$116,200
2016
$2,254 (+8.4%)
$25,200 + $91,000
$116,200
2015
$2,080 (+3.1%)
$25,200 + $91,000
$116,200
2014
$2,018
$25,200 + $92,100
$117,300
Public record
Beds
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Lot width
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Lot depth
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Lot size
3.17 Acres
Year renovated
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Multi-Family (2-4 Unit)
County
Penobscot County
APN
530593
Parking Spaces
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Basement
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Accessible
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Garage
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Last updated by owner on Jul 27, 2026.
Historical weather
Newport, ME • 04953
Average low and high temperatures (°F)
26
11
30
9
42
24
53
35
65
45
77
55
81
61
81
54
73
50
61
41
46
32
31
15
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
92/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.6 hrs
6.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 48 Palmer Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $135,000 and $360,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $135K to $360K.