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161 Main StreetNewport, ME 04953Price: $2,200,000

  • Price: $2,200,000
  • 25 Days on Market
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Federal 30-year interest rate: 6.22% last updated on Nov 6, 2025
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $2,200,000List Price
  • 0.53Acreage
  • 10,500Square Feet
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Listed by Better Homes & Gardens Real Estate/The Masiello Group (melissabartlett@masiello.com)
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.

Property Details of 161 Main Street

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Exterior Features

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Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, non commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2025 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo   Privacy Policy

Coldwell Banker Plourde Real Estate participates in ©2025 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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