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4 Beds
3 Baths
2,752 sqft

$449,999

290 Penney Road, New Gloucester ME, 04260

Built in1982
Property size2,752 sqft
Property typeResidential
Courtesy of Maine Values Real Estate

Overview

Active

Listed Sep 8, 2026

Updated 2 days ago

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.

$2,994/mo

Est. mortgage payment based on a $449,999 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1679624

Interior Features

Bedrooms
4
Bathrooms
3
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
1.09 Acres

Other Property Details

Taxes
$3,532
Tax Frequency
Annually
Garage
Yes
MLS provider logo

Listing Contact: 207-653-7365

Listed by Gregory Hoar with Maine Values Real Estate 207-653-7365

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. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor James Spear shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2026 Maine Real Estate Information System, Inc. All rights reserved. 

Data is refreshed every 3 hours. Listing last updated at 6:43 AM UTC, 10/9/2026

 

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