61 Elm Street, Newport, ME 04953
Penobscot County
Key Facts
Description
NEWLY LISTED with expanded commercial opportunity and income potential in the heart of Newport! This unique property now includes a four-bay commercial garage with dedicated office space, creating an exceptional setup for contractors, small business owners, storage needs, hobby space, or investment potential. The four-bay garage measures approximately 24x42 and is paired with a 12x24 office area, offering a rare opportunity to live, work, and generate income all from one property. Combined with the in-law apartment above the barn, this property offers excellent potential for rental income, business use, or multi-generational living. This well-maintained property features an updated kitchen with modern finishes, comfortable living areas, a metal roof, and a spacious back deck overlooking the river. The in-law apartment above the barn provides added flexibility for guests, extended family, or additional income opportunities. Favorable commercial zoning further enhances the versatility of the property while its central in-town location offers convenient access to local amenities, shopping, restaurants, and easy interstate travel to both Bangor and Augusta. A unique combination of residential comfort and commercial flexibility, this property offers endless potential for a wide variety of needs.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Colonial
Year Built
1800
Living Area
2,297 sq ft
Lot Size
0.26 acres
Zoning
RES/COMMERCIAL
MLS® Listing#
1661726
Property Features
Cooling
Heating
Flooring
Basement
Parking
Lot Features
Construction
Roof
Other Structures
Utilities
Sewer
Water Source
Financial Details
HOA
None
Annual Taxes
$3,453
Tax year 2024
Affordability Calculator
$69,800
Estimated monthly payment
$1,858/mo
Principal $279,200 · Est. interest $389,509 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Newport, ME
- $400,000
- Median Listing Price
- 44
- Median Days on Market
- 2,218
- Median Sq Ft
- $209
- Median Price / Sq Ft
- 26
- Active Listings
- This home’s price is 13% below the area median.
- Its price per sq ft is 27% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Newport, ME.
Location
Points of Interest in Newport, ME
Showing the Newport area map.
Nearby Schools
Regional School Unit
School · 0.4 mi away
Maine Regional School Unit #19
School · 0.9 mi away
Rsu 19 Adult Education
School · 3.0 mi away
Nokomis Regional High
Secondary · 3.3 mi away
Sebasticook Valley Middle School
Elementary · 3.4 mi away
Corinna Elementary School
Elementary · 5.8 mi away
St Agnes Parish School
School · 6.2 mi away
Manson Park School
Elementary · 6.6 mi away
Warsaw Middle School
Secondary · 6.8 mi away
Vickery School
Elementary · 6.8 mi away
Maine Central Institute
School · 6.9 mi away
St Albans Consolidated
School · 8.7 mi away
Hartland Consolidated School
School · 9.1 mi away
Stetson Elementary School
Elementary · 9.1 mi away
Hartland Christian School
School · 9.2 mi away
Somerset Valley Middle School
Secondary · 9.2 mi away
Etna-Dixmont School
Elementary · 10.6 mi away
Carmel Elementary
Elementary · 11.0 mi away
Troy Central School
Elementary · 12.0 mi away
Ridge View Community School
Elementary · 12.1 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 24 Birch Street, Newport, ME | $254,900 | 3 | 1 | 1,040 |
| 17 Spring Street, Newport, ME | $269,000 | 3 | 2 | 1,286 |
| 19 Stetson Road, Newport, ME | $315,000 | 3 | 2 | 1,940 |
| 173 County Woods Road, Newport, ME | $355,000 | 3 | 3 | 2,080 |
| 448 Elm Street, Newport, ME | $365,000 | 5 | 3 | 2,370 |
| 448 Elm Street, Newport, ME | $365,000 | 5 | 3 | 2,370 |
