61 Elm Street Newport, ME

$299,999
Beds 4
Baths 3
Square Footage 2,297
Acres 0.26
Photo of 61 Elm Street Newport ME 04953




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.


Listed by NextHome Experience, Sarah Ryan 207-573-7400

Details

MLS 1661726
Status Active
Price $299,999
DOM 59 days
Type Single Family
Beds 4
Baths 2 full, 1 half baths
Square Feet 2,297 sqft
Lot Size 0.26 acres
Year Built 1800
Taxes Paid $3,453

Lot & Building Features

Cooling Heat Pump
Heating Electric, Oil, Propane, Baseboard, Direct Vent Heater, Heat Pump, Hot Water
Parking Description Paved, 1 - 4 Spaces, Detached
Tax Year 2024
Taxes Paid $3,453
Water Public
Water Heater Off Heating System
Fireplaces 1

Room Details

Basement Description Interior Entry, Full, Unfinished

Map

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Financing

$
20%
1%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.


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