Exeter
$319,900
1118 Exeter Road
mls: 1664049
Bathrooms: 3
Year Built: 1865
Sq Footage: 1,500
Lot Size: 9
Taxes: $2,200
Status: Active

Rare income-producing multi-unit property on 9± acres in Exeter, generating approximately $25,000 in annual rental income. Originally built in 1865, with extensive renovations completed in 1985, this historic property includes a 3-bedroom, 1-bath main home along with two separate studio apartment units, each with a full bathroom.

Listed by: RE/MAX Infinity

Rare income-producing multi-unit property on 9± acres in Exeter, generating approximately $25,000 in annual rental income. Originally built in 1865, with extensive renovations completed in 1985, this historic property includes a 3-bedroom, 1-bath main home along with two separate studio apartment units, each with a full bathroom. The layout offers flexibility for owner occupancy, rental income, guest space, extended family use, or continued investment use. The property features a new 22' x 28' garage, a 50' x 60' five-stall horse barn with attached shed, pasture area, pond, and open outdoor space for animals, gardening, recreation, or homestead use. A 14,000-watt solar system adds energy efficiency and helps offset utility costs. With rental income already in place, multiple living spaces, 9± acres, barn space, pasture, pond, garage, and solar, this is a hard-to-find opportunity for buyers seeking a flexible rural Maine property with practical use, historic character, and income potential

Listed by: RE/MAX Infinity

Above Grade Finished Area
1500.00
Accessibility Features
Appliances
Architectural Style
Farmhouse
Basement
Interior Entry, Slab
Bathrooms Full
3
Bathrooms Total Integer
3
Below Grade Finished Area
0.00
Body Type
Building Area Total
1500.00
Construction Materials
Wood Frame, Wood Siding
Cooling
Window Unit(s)
Cooling Yes/No
1
Electric
Circuit Breakers, Generator Hookup, Other Electric
Exterior Features
Flooring
Tile, Wood, Hardwood
Foundation Details
Poured Concrete
Garage Spaces
2.00
Garage Yes/No
1
Green Energy Efficient
Heating
Pellets, Propane, Solar, Wood, Direct Vent Heater, Pellet Stove, Wood Stove
Heating Yes/No
1
Interior Features
1st Floor Bedroom, Shower, Storage
Laundry Features
Main Level
Lot Features
Rural, Agricultural, Farm, Open Lot, Pasture
Lot Size Acres
9.0000
Other Equipment
Other Structures
Outbuilding, Shed(s), Barn(s)
Parking Features
Gravel, 5 - 10 Spaces, Detached
Patio And Porch Features
Deck
Pets Allowed
Property Condition
Roof
Metal, Shingle
Sewer
Private Sewer, Septic Tank
Tax Annual Amount
2200.00
Utilities
Water Source
Private, Well
Waterfront Features
Year Built
1865
Zoning
Residential