290 Penney Road, New Gloucester, ME 04260

New Gloucester
Local realty services provided by:ERA Dawson-Bradford Co., REALTORS
290 Penney Road,New Gloucester, ME 04260
$499,999
  • - Beds
  • 3 Baths
  • 2,752 sq. ft.
  • Multi-family
  • Active
Office: maine values real estate
MLS#:1678845
Source:ME_MREIS

Price summary

  • Price:$499,999
  • Price per sq. ft.:$181.69

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...

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Home facts

  • Year built:1982
  • Listing ID #:1678845
  • Updated:September 06, 2026 at 10:23 AM

Rooms and interior

  • Total bathrooms:3
  • Full bathrooms:3
  • Flooring:Carpet, Laminate, Vinyl
  • Basement Description:Doghouse, Finished, Full, Partial
  • Living area:2,752 sq. ft.

Heating and cooling

  • Heating:Forced Air, Heat Pump, Heating, Propane

Structure and exterior

  • Roof:Shingle
  • Year built:1982
  • Building area:2,752 sq. ft.
  • Lot area:1.09 Acres
  • Lot Features:Level, Rural
  • Architectural Style:Ranch
  • Construction Materials:Mobile, Vinyl Siding, Wood Frame
  • Exterior Features:Deck
  • Foundation Description:Poured Concrete, Slab
  • Levels:Multi Level

Utilities

  • Water:Private
  • Sewer:Private Sewer

Finances and disclosures

  • Price:$499,999
  • Price per sq. ft.:$181.69
  • Tax amount:$3,532 (2025)

Parking

  • Parking description:11 - 20 Spaces, Detached, Gravel
  • Garage:Yes
  • Garage spaces:2
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