42 43 47 & 49 River Road, New Portland, ME 04961

$950,000

42 River Rd New Portland-large-001-004-a

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Property Type: Residential Bedrooms: 13 Baths: 10 Square Footage: 12,611 Lot Size (sq. ft.): 87,120 Status: Active

Current Price: $950,000 List Date: 8/21/2025 Last Modified: 1/05/2026

Description

Exceptional Investment Opportunity - 4 Properties Conveyed Together Rare 4 Property Investment Portfolio - Residential, Commercial & Waterfront. Present rental income is $7850 per month and a possible income of $11, 050 monthly . There is also the possibility of having two commercial businesses at River road in New Portland on the fist floor of 43 and 47 River road . There is also the possibility of adding to additional lots for buildings on this site .At one point there was 45 River road and that building burned down. The potential of this opportunity is immense . Live , work and invest in this special place in New Portland .l Discover a rare chance to acquire a versatile portfolio of four properties sold as one package, offering a unique blend of commercial, residential single-family, and multi-unit income properties. This collection provides both immediate income potential and long-term value growth. Situated in a desirable location with 280 feet of owned waterfrontage along Lemon Stream, the properties combine natural appeal with strong rental and business possibilities. The setting is ideal—just 20 minutes from Farmington and only 25 minutes to world-class skiing at Sugarloaf Resort, ensuring year-round demand from both residents and visitors. Recent renovations add modern updates while maintaining character, allowing for a smooth transition to new ownership with minimal upfront work. Investors will appreciate the diverse revenue streams possible with this package, from residential rentals to commercial leasing or owner-use. Whether you're looking to expand your portfolio, establish a multi-faceted investment base, or unlock the future potential of waterfront real estate, this opportunity is well-positioned to deliver.

Supplements: ********

More Information MLS# 1635147

Property Sub-Type

Property Sub-Type: Single Family Residence

Location Information

Book: 5657,6094 Leased Land: No Page: 33,182 Map: 3 Lot: 14,37,38,39,40 Zoning Overlay: Unknown Association: No Tree Growth Y/N: No Street #: 42 43 Street Name: 47 & 49 River Street Type: Road County: Somerset Town: New Portland State/Province: ME Zip Code: 04961 Zoning: Residential Full Tax Amount $: 5910.72 Tax Year: 2024 Geo Lat: 44.883979 Geo Lon: -70.098163

Property Information

Surveyed: Unknown Seasonal: No Lot Size Acres +/-: 2 # Rooms: 0 Total Baths: 10 Total Half Baths: 5 Road Frontage: Yes # Fireplaces: 0 Road Frontage +/-: 420 Source of Road Frontage: Public Records SqFt Finished Above Grade: 12611 SqFt Finished Below Grade: 0 SqFt Source: Other Other Source of Square Footage: Photographer Floor Plans Garage: No # Bedrooms: 13 Total Full Baths: 5 Year Built: 9999 SqFt Finished Total: 12611 Source of Acreage: Public Records

Levels

Multi-Level: 1

Site

Level: 1 Wooded: 1

Location

Rural: 1

Roads

Public: 1

Water Info

Water Frontage: Yes Waterfront Amount: 280 Water Frontage Owned: 280 Water Frontage Shared: 0 Water View: Yes Water Body Name: Lemon Stream

Source of Water Frontage

Public Records: 1

Water Body Type

Stream: 1

Construction

Wood Frame: 1

Basement

Unfinished: 1

Foundation Materials

Poured Concrete: 1 Stone: 1

Exterior

Vinyl Siding: 1 Wood Siding: 1

Roof

Metal: 1

Heat System

Baseboard: 1 Direct Vent Heater: 1 Forced Air: 1 Other: 1

Heat Fuel

Electric: 1 K-1/Kerosene: 1 Oil: 1 Propane: 1

Cooling

None: 1

Floors

Laminate: 1 Linoleum: 1 Tile: 1 Wood: 1

Parking

5 - 10 Spaces: 1

Style

Cape Cod: 1 New Englander: 1

Electric

Circuit Breakers: 1

Gas

Bottled: 1

Sewer

Private Sewer: 1

Water

Private: 1

Driveway

Gravel: 1

Basement Entry

Exterior Only: 1 Interior: 1

Water Heater

Electric: 1

Vehicle Storage

No Vehicle Storage: 1

Contract Information

Status: Active Original List Price: 950000 List Price: $950,000 Current Price: $950,000

Property Features

Site: Level; Wooded Location: Rural Roads: Public Source of Water Frontage: Public Records Water Body Type: Stream Style: Cape Cod; New Englander Levels: Multi-Level Construction: Wood Frame Basement: Unfinished Basement Entry: Exterior Only; Interior Foundation Materials: Poured Concrete; Stone Roof: Metal Exterior: Vinyl Siding; Wood Siding Heat System: Baseboard; Direct Vent Heater; Forced Air; Other Heat Fuel: K-1/Kerosene; Oil; Propane Water Heater: Electric Cooling: None Floors: Laminate; Linoleum; Tile; Wood Driveway: Gravel Parking: 5 - 10 Spaces Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: Bottled Sewer: Private Sewer Water: Private

Documents

Arsenic Wood & Water ›

Lead Paint Addendum Public Access ›

Property Disclosures 42 River Rd ›

Property Disclosures 43 River Rd ›

Property Disclosures 47 River Rd ›

Property Disclosures 49 River Rd ›

Deed Public Access ›

Deed 2 ›

Tax Map ›

Listing Office: LAER

IDX

Last Updated: January - 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 ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.

The Lakes Real Estate

42 43 47 & 49 River Road, New Portland, ME 04961 (MLS# 1635147)