290 Penney Road, New Gloucester, ME 04260
$449,999
Property Type:
Multi-Family
Baths:
3
Square Footage:
2,752
Lot Size (sq. ft.):
47,480
Status:
Active
Current Price:
$449,999
List Date:
9/02/2026
Last Modified:
10/05/2026
Overview
Description
...
(Read more)
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 property presents an outstanding opportunity to own a well-priced, income-producing asset with excellent future potential.
Listing Details MLS# 1678845
Location Information
- Street #
- 290
- Street Name
- Penney
- Street Type
- Road
- County
- Cumberland
- Town
- New Gloucester
- State/Province
- ME
- Zip Code
- 04260
- Zip +4
- 4708
- Leased Land
- No
- Book
- 33236
- Page
- 22
- Map
- 4
- Lot
- 30D
- Zoning
- Residential
- Zoning Overlay
- No
- Association
- No
- Full Tax Amount $
- 3532
- Tax Year
- 2025
- Tree Growth Y/N
- No
Contract Information
- Original List Price
- 499999
Property Information
- Surveyed
- Unknown
- Seasonal
- No
- Number of Units
- 3
- Total Baths
- 3
- Total Full Baths
- 3
- Color
- Tan
- Year Built
- 1982
- SqFt Finished Above Grade
- 2176
- SqFt Finished Below Grade
- 576
- SqFt Finished Total
- 2752
- SqFt Source
- Public Records
- Garage
- Yes
- Garage Spaces
- 2
- Lot Size Acres +/-
- 1.09
- Source of Acreage
- Public Records
- Road Frontage
- No
Water Info
- Waterfront
- No
- Water View
- No
Building Info
- # Stories
- Yes
Units
- # of 1 BD Units
- Yes
- # of 2 BD Units
- 2
More Information
Unit 1
- Lease
- No
- Level
- First
- Security Deposit
- No
- Monthly Rent
- 2000
- # Full Baths
- Yes
- # of Rooms
- 6
- # of Bedrooms
- 2
- Dedicated Electric Meter
- Yes
- Dedicated Gas Meter
- Yes
- Dedicated Water Heater
- Yes
- Electric
- No
- Heat
- No
- Range
- Yes
- Refrigerator
- Yes
- Sewer
- Yes
- Water
- Yes
Unit 2
- Lease
- No
- Level
- First
- Security Deposit
- No
- Monthly Rent
- 2200
- # Full Baths
- Yes
- # of Rooms
- 8
- # of Bedrooms
- 2
- Dedicated Electric Meter
- Yes
- Dedicated Gas Meter
- Yes
- Dedicated Water Heater
- Yes
- Electric
- No
- Heat
- No
- Range
- Yes
- Refrigerator
- Yes
- Sewer
- Yes
- Water
- Yes
Unit 3
- Lease
- No
- Level
- Basement
- Security Deposit
- No
- Monthly Rent
- 1200
- # Full Baths
- Yes
- # of Rooms
- 3
- # of Bedrooms
- Yes
- Dedicated Electric Meter
- Yes
- Dedicated Gas Meter
- Yes
- Dedicated Water Heater
- Yes
- Electric
- No
- Heat
- No
- Range
- Yes
- Refrigerator
- Yes
- Sewer
- Yes
- Water
- Yes
Utilities
- Utilities On
- No
Property Features
Site:
Level
Location:
Rural
Roads:
Paved; Public
Style:
Other; Ranch
Levels:
Bi-Level; Multi-Level
Construction:
Other; Wood Frame
Other Structures:
Outbuilding
Basement:
Finished; Full; Partial
Basement Entry:
Doghouse
Foundation Materials:
Poured Concrete; Slab
Exterior:
Vinyl Siding
Roof:
Shingle
Heat System:
Forced Air; Heat Pump
Heat Fuel:
Propane
Water Heater:
Electric
Cooling:
Heat Pump; Other
Floors:
Carpet; Laminate; Vinyl
Patio and Porch Features:
Deck
Driveway:
Gravel
Parking:
11 - 20 Spaces
Vehicle Storage:
2 Car; Detached
Electric:
Circuit Breakers
Gas:
Unknown
Sewer:
Private Sewer
Water:
Private
Documents
Listing Office:
Maine Values Real Estate
Last Updated: October - 05 - 2026
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 ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
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