For sale

$1,295,000

Est. $7,989/mo —

•

6,832

sq ft

424 Walnut Hill Rd, North Yarmouth, ME 04097

About this home

Exceptional opportunity to own a fully leased, income-producing mixed-use investment property in North Yarmouth. The property features a neighborhood restaurant and event barn leased on a Triple Net (NNN) basis and two leased second-floor residential apartments, providing diversified and stable cash flow. With strong in-place income, minimal landlord responsibilities, ample parking, and excellent visibility on Walnut Hill Road, this turnkey investment is well suited for a 1031 exchange or investors seeking a stabilized asset with long-term upside

Multi-familyProperty Type

1900Year Built

0.52 acresLot Size

$190Price/Sq.Ft.

21 spacesParking

Listed by Karen Rich • Malone Commercial Brokers, Inc.

Listed by Cheryl {Cheri} Bonawitz • Malone Commercial Brokers, Inc.

Listing updated: Aug 19, 2026 at 06:56pm

Redfin checked: a minute ago

•Source:MREIS #1674077

Payment calculator

$7,989 per month

Principal and interest$6,806

Property taxes

$968

HOA dues

Home insurance

$216

Utilities

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Next available date: Sunday, September 6

Open houses

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Nearby open houses (10)

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3 beds2.5 baths2,084 sq ft
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OPEN SUN, 12PM TO 2PM
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3 beds1.5 baths1,802 sq ft
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OPEN SUN, 1PM TO 3PM
$599,900
3 beds2 baths1,702 sq ft
135 Burnell Dr, Yarmouth, ME 04096
OPEN SUN, 1PM TO 2:30PM
$699,000
6 beds3 baths3,840 sq ft
56 Highview Dr, New Gloucester, ME 04260
OPEN SUN, 1PM TO 3PM3D WALKTHROUGH
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3 beds1.5 baths1,878 sq ft
208 Blackstrap Rd, Falmouth, ME 04105
OPEN SUN, 1:30PM TO 3PMVIDEO TOUR
$1,550,000
4 beds3 baths1,869 sq ft
86 Qualey Rd, Gray, ME 04039

Around this home

Schools

K - 12
Preschool & daycare

Mabel I Wilson School

Public PreK-3 • Assigned • 2.1mi

10/10

Greely Middle School

Public 6-8 • Assigned • 2.1mi

10/10

Greely High School

Public 9-12 • Assigned • 2.0mi

10/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Offer insights

424 Walnut Hill Rd · $1,295,000

Strong offer

$1.3M and above

75% chance or better to win

Why $1.3M+ is a strong offer

DAYS ON MARKET

The average home goes pending in 18 days.

SALE-TO-LIST

Most homes are selling 1% below list price.

About offer insights

Property details

Interior
Exterior
Finance

Kitchen

Bedroom

Living

Dining

Interior features
Tile, vinyl, wood and luxury vinyl flooring
Interior basement entry
Unfinished basement with dirt floor
Basement brick/mortar construction

Bedrooms
Multiple units: two 1-bedroom units and one 2-bedroom unit
Unit 1 (second level) — 2 bedrooms
Unit 3 (second level) — 1 bedroom
Unit 2 (first level) — configured as rooms (no bedrooms specified)

Bathrooms
Total full bathrooms across property: 2
Unit breakdown: Unit 1 — 1 full bath; Unit 3 — 1 full bath; Unit 2 — 2 half baths

Kitchen
Each unit includes a refrigerator

Laundry & utility
Dedicated water heaters for Unit 1 and Unit 3; Unit 2 does not have a dedicated water heater
Some units have dedicated electric meters; all units have water and sewer service

Flooring
Tile
Vinyl
Wood
Luxury vinyl

Heating & cooling
Heating by baseboard, heat pump and steam
Heat pump cooling

Sale and tax history for 424 Walnut Hill Rd

Sale History
Tax History

Date

Event

Price

MREIS #1674077

Jul 30, 2026

Listed

$1,295,000

$190/sq ft

MREIS #1507209

Nov 3, 2021

Sold

$593,000

$87/sq ft

Aug 31, 2021

Listed

$599,000

$88/sq ft

+21

Bring your ideas and imagination to this exciting mixed use building in one of southern Maine's fastest growing communities. Stones Bakery + Cafe is a landmark business that has served as a gathering place for residents and visitors for decades. The kitchens and retail areas were completely renovated in 2019 & 2020 including some new & additional kitchen equipment, mechanical updates, tile floors, and fresh paint throughout. The retail space is 2,879 SF and the second floor contains a 1 BR apartment and a 2 BR apartment. A second building is a 1,000 SF post & beam barn that offers expansion potential as event space or garage space. North Yarmouth is located 25 minutes north of Portland, Maine largest city, a major employment base and cultural center for the region. North Yarmouth has seen extraordinary growth in residential housing over the past three years and much of the new housing is within 1 mile of Stones Cafe + Bakery. The town is adding sidewalks and other amenities in the Walnut Hill Village area to enhance safety for pedestrians and cyclists. Apartment rents are estimated. The 1 BR unit is occupied by a long term tenant. The 2 BR unit is vacant.

MREIS #1282890

Sep 20, 2016

Listed

$105,000

$15/sq ft

Public record

Beds

—

Baths

—

Stories

Lot width

—

Lot depth

—

Lot size

1 Acre

Year renovated

—

Finished Sq. Ft.

1,694

Unfinished Sq. Ft.

Total Sq. Ft.

1,694

Year built

—

Style

Other

County

Cumberland County

APN

M007L029

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on May 22, 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

4/10 Heat Factor

7 days above 89° expected this year, 17 days in 30 years

6/10 Wind Factor

27% chance of strong winds in next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 2 days in 30 years

Provided by First Street

Historical weather

North Yarmouth, ME • 04097

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

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Dec

Sun exposure

Try the sun simulator tool to see how light moves across the property at different times of day and year.

Provided by Shadowmap

Redfin Estimate for 424 Walnut Hill Rd

$1,219,972

$75K under list price of $1.30M

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $865K to $2.0M.

SOLD AUG 4, 2026
$1,175,000 Last sold price
4 beds2.5 baths4,076 sq ft
9 Birkdale Rd, Falmouth, ME 04105
$98/sq ft
larger lot
88 years newer
SOLD JUL 15, 2026
$1,250,000 Last sold price
3 beds2.5 baths3,152 sq ft
29 Pond Shore Dr, Cumberland, ME 04021
$207/sq ft
larger lot
87 years newer
SOLD AUG 18, 2026
$895,000 Last sold price
3 beds3 baths2,531 sq ft
11 Reid Ln, Cumberland, ME 04021
$164/sq ft
smaller lot
112 years newer
SOLD JUN 5, 2026
$1,110,000 Last sold price
3 beds3.5 baths4,065 sq ft
20 Babbidge Rd, Falmouth, ME 04105
$83/sq ft
larger lot
105 years newer
SOLD JAN 21, 2026
$865,000 Last sold price
3 beds3.5 baths3,148 sq ft
22 Linsausiq Way, Falmouth, ME 04105
$85/sq ft
larger lot
112 years newer
SOLD JUL 31, 2026
$1,995,000 Last sold price
4 beds3.5 baths3,390 sq ft
12 Winnwood Farm Way, Falmouth, ME 04105
$398/sq ft
125 years newer

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2 beds2 baths1,300 sq ft

39 Pasture Ln #1, Nashua, NH 03062

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About this home

Payment calculator

See this home in person

Nearby open houses (10)

Around this home

Schools

Lifestyle

Offer insights

Property details

Sale and tax history for 424 Walnut Hill Rd

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 424 Walnut Hill Rd

Early Access listings

Nearby similar homes

New listings for sale in 04097

More real estate resources