21 Bald Hill Road, New Gloucester, ME 04260

$515,000
Property Type: Multi-Family Baths: 3 Square Footage: 4,062 Lot Size (sq. ft.): 50,965 Status: Active
Current Price: $515,000 List Date: 3/27/2026 Last Modified: 4/17/2026

Overview

Description

Value-add triplex in New Gloucester ready for your vision. Three 2-bedroom units with partial vacancy means you can renovate on your own schedule. New Gloucester's proximity to Portland, Auburn, and Lewiston via I-95 drives consistent rental demand with limited multi-family competition in the area. Update, stabilize, and watch your returns grow. A straightforward path to strong cash flow for the investor ready to move.

Listing Details MLS# 1655627

Location Information

Street #
21
Street Name
Bald Hill
Street Type
Road
County
Cumberland
Town
New Gloucester
State/Province
ME
Zip Code
04260
Zip +4
3288
Leased Land
No
Book
40391
Page
59
Map
19
Lot
13
Zoning
Upper Village
Zoning Overlay
Unknown
Association
No
Full Tax Amount $
4254.2
Tax Year
2025
Tree Growth Y/N
No

Contract Information

Original List Price
525000

Property Information

Surveyed
Unknown
Seasonal
No
Number of Units
3
Total Baths
3
Total Full Baths
3
Color
Gray
Year Built
1816
SqFt Finished Above Grade
4062
SqFt Finished Total
4062
SqFt Source
Public Records
Garage
No
Lot Size Acres +/-
1.17
Source of Acreage
Public Records
Total Half Baths
0
SqFt Finished Below Grade
0
Garage Spaces
0

Water Info

Water Frontage
No
Water View
No

Units

# of 2 BD Units
3

Unit 1

Lease
No
Level
First
Security Deposit
Yes
Monthly Rent
1800
# Full Baths
Yes
# of Rooms
5
# of Bedrooms
2
Dedicated Electric Meter
Yes
Dedicated Gas Meter
No
Dedicated Water Heater
Yes
Electric
No
Heat
No
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes

More Information

Unit 2

Lease
No
Level
Second
Security Deposit
No
# Full Baths
Yes
# of Rooms
5
# of Bedrooms
2
Dedicated Electric Meter
Yes
Dedicated Gas Meter
No
Dedicated Water Heater
Yes
Electric
No
Heat
No
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes
Monthly Rent
0

Unit 3

Lease
No
Level
Second
Security Deposit
Yes
Monthly Rent
1800
# Full Baths
Yes
# of Rooms
4
# of Bedrooms
2
Dedicated Electric Meter
Yes
Dedicated Gas Meter
No
Dedicated Water Heater
Yes
Electric
No
Heat
No
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes

Utilities

Utilities On
Yes

Levels

Multi-Level
Yes

Site

Corner Lot
Yes
Open
Yes

Location

Business District
Yes
Near Town
Yes
Near Turnpike/Interstate
Yes

Roads

Paved
Yes
Public
Yes

Style

Other
Yes

Construction

Wood Frame
Yes

Basement

Dirt Floor
Yes
Unfinished
Yes

Exterior

Vinyl Siding
Yes

Roof

Shingle
Yes

Heat System

Baseboard
Yes

Heat Fuel

Electric
Yes

Income & Expenses

Gross Income
43200
Operating Expenses
7594.2

Cooling

None
Yes

Floors

Vinyl
Yes

Parking

5 - 10 Spaces
Yes

Electric

Circuit Breakers
Yes

Gas

No Gas
Yes

Sewer

Septic Tank
Yes

Water

Public
Yes

Driveway

Paved
Yes

Basement Entry

Interior
Yes

Water Heater

Electric
Yes

Vehicle Storage

No Vehicle Storage
Yes

Property Features

Site: Corner Lot; Open Location: Business District; Near Town; Near Turnpike/Interstate Roads: Paved; Public Style: Other Levels: Multi-Level Construction: Wood Frame Basement: Dirt Floor; Unfinished Basement Entry: Interior Exterior: Vinyl Siding Roof: Shingle Heat System: Baseboard Water Heater: Electric Cooling: None Floors: Vinyl Driveway: Paved Parking: 5 - 10 Spaces Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: No Gas Sewer: Septic Tank Water: Public

Documents

IDX
Listing Office: Dream Home Realty LLC
Last Updated: April - 17 - 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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