| Up North Realty Maine

161 Main Street, Newport, ME 04953 (MLS# 1640973)

161 Main Street, Newport, ME 04953

$2,200,000
Property Type: Commercial Square Footage: 10,500 Lot Size (sq. ft.): 23,087 Status: Active
Current Price: $2,200,000 List Date: 10/16/2025 Last Modified: 10/16/2025

Overview

Description

Unlock the potential of this Commercial property Renovations have started but aren't completed on this 11-unit apartment building property in the heart of Newport. Perfect for investors looking for an opportunity with much of the major work already done. Key Features & Improvements: New roof, windows, and electrical entrances. Upgraded electrical systems. New boiler and substantial plumbing work completed. Sprinkler system already installed. Generous off-street parking. With most of the major infrastructure already in place, this property is primed for the finishing touches. The first floor could be completed and could be rented out quickly to begin generating income while finishing the remaining units. Endless Potential: Five units with 1- bed/1 bath, 5- 2 bed/ 1 bath and 1 -3 bed/ 2 bath. Don't miss this chance to capitalize on a project with strong bones and serious potential.

Listing Details MLS# 1640973

Location Information

Street #
161
Street Name
Main
Street Type
Street
County
Penobscot
Town
Newport
State/Province
ME
Zip Code
04953
Leased Land
No
Book
16587
Page
119
Map
15
Lot
117 & 119A
Zoning
Village commercial
Zoning Overlay
Unknown
Full Tax Amount $
6356
Tax Year
2025
Tree Growth Y/N
No
Association Y/N
No

Contract Information

Original List Price
2200000

Property Information

Primary Use
Multi Family
Surveyed
No
Deed/Conveyance Type Offered
Quit Claim
Deed
All
Bank Owned REO
No
Year Built
1900
Year Renovated +/-
2024
Tenancy
Multiple Tenants
Leases
No
Total # Floors
3
SqFt Finished Total
10500
Lot Size Acres +/-
0.53

Commercial Bldg Information

Total Units
11

Utilities

Utilities On
Yes

Location

Downtown
Yes
Near Shopping
Yes
Near Turnpike/Interstate
Yes

More Information

Easement Remarks

Easement Remarks
see attachment

Source of Water Frontage

Public Records
Yes

Property Uses

Commercial
Yes

Recreational Water

Nearby
Yes

Construction

Steel Frame
Yes

Levels

Multi-Level
Yes

Basement

Full
Yes
Unfinished
Yes

Foundation Materials

Brick/Mortar
Yes

Exterior

Brick
Yes

Roof

Membrane
Yes

Heat System

Baseboard
Yes
Heat Pump
Yes
Hot Water
Yes

Heat Fuel

Electric
Yes
Gas Bottled
Yes

Cooling

Heat Pump
Yes

Floors

Luxury Vinyl
Yes

Building Features

Cable
Yes
Sprinkler - Wet
Yes

Parking

On Site
Yes

Electric

Circuit Breakers
Yes

Gas

Bottled
Yes

Sewer

Public Sewer
Yes

Water

Public
Yes

Property Features

Location: Downtown; Near Shopping; Near Turnpike/Interstate Source of Water Frontage: Public Records Recreational Water: Nearby Construction: Steel Frame Levels: Multi-Level Property Uses: Commercial Basement: Full; Unfinished Foundation Materials: Brick/Mortar Exterior: Brick Roof: Membrane Heat System: Baseboard; Heat Pump; Hot Water Heat Fuel: Gas Bottled Cooling: Heat Pump Floors: Luxury Vinyl Building Features: Cable; Sprinkler - Wet Parking: On Site Electric: Circuit Breakers Gas: Bottled Sewer: Public Sewer Water: Public

Documents

Listing Office: Better Homes & Gardens Real Estate/The Masiello Group
IDX
Last Updated: October - 16 - 2025
Broker Attribution: melissabartlett@masiello.com
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
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