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290 Penney Road, New Gloucester, ME 04260 (MLS# 1679624)

290 Penney Road, New Gloucester, ME 04260

$449,999
Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,752 Lot Size (sq. ft.): 47,480 Status: Active
Current Price: $449,999 List Date: 9/08/2026 Last Modified: 10/05/2026

Overview

Description

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 prop ...

Listing Details MLS# 1679624

Property Sub-Type

Property Sub-Type
Single Family Residence

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
# Rooms
13
# Bedrooms
4
Total Full Baths
3
Total 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

Utilities

Utilities On
No

More Information

Property Features

Site: Level Location: Rural Roads: Paved; Public Appliances Included: Cooktop; Dishwasher; Dryer; Gas Range; Microwave; Refrigerator; Washer Style: Other; Ranch Levels: Bi-Level; Multi-Level Construction: Other; Wood Frame Basement: Finished; Full; Partial Basement Entry: Doghouse Foundation Materials: Poured Concrete; Slab Roof: Shingle Exterior: Vinyl Siding 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 Other Structures: Outbuilding Electric: Circuit Breakers Gas: Unknown Sewer: Private Sewer Water: Private

Room Information

Room Name Level
Bedroom 1 First
Bedroom 2 First
Mud Room First
Dining Room First
Kitchen First
Living Room First
Laundry First
Kitchen First
Laundry First
Living Room First
Bedroom 3 First
Bedroom 4 First
Other Room Basement

Documents

IDX
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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