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

More Info

Tax Information

Parcel Number EXER-000007-000000-000006-000002
Taxes$2,200

Location

Address1118 Exeter Road
Building Number1118
CountyPenobscot
StateME
StreetExeter Road
TownExeter
Zip04435

Interior

Interior Features 1st Floor Bedroom, Shower, Storage

Property Information

Acreage9
Lot Features Rural, Agricultural, Farm, Open Lot, Pasture
Square Feet1,500

Water Body

Water AccessPrivate, Well

Legal

ZoningResidential

School Information

High School DistrictMSAD 46

Basic Information

List Price$319,900
MLS Number1664049
Property TypeMulti-Family
StatusACT

Building

BasementInterior Entry, Slab
Flooring Tile, Wood, Hardwood
GarageYes
Garage Spaces2
Patio And Porch Features Deck
Property StyleFarmhouse
Units3
Year Built1865

Amenities

Amenities1st Floor Bedroom, Main Level, Above Ground, Shower, Storage
Other AmenitiesBasement, Pool
Pool Features Above Ground

Other

Date Listed05/27/2026
Unit 1 Full Baths 1
Unit 1 Lease Yes
Unit 1 Level First
Unit 1 Monthly Rent $1,000
Unit 1 Rooms 1
Unit 1 Water Yes
Unit 2 Full Baths 1
Unit 2 Lease Yes
Unit 2 Level Second
Unit 2 Monthly Rent $1,000
Unit 2 Rooms 1
Unit 2 Water Yes
Unit 3 Full Baths 1
Unit 3 Level First
Unit 3 Rooms 6
Unit 3 Water Yes

Parking

Parking Features Gravel,5 - 10 Spaces, Detached

Rooms

Bathroom3
Bathrooms Total Decimal 3
Full Bath3
Laundry Features Main Level

Property

Other Structures Outbuilding, Shed(s), Barn(s)
Vehicle Storage 2 Car, Detached

Exterior

RoofMetal, Shingle

Utilities

Cooling Window Unit(s)
Cooling YN Yes
Electric Circuit Breakers, Generator Hookup, Other Electric
Heat System
- Direct Vent Heater
- Pellet Stove
- Pellets
- Propane
- Solar
- Wood
- Wood Stove
Heating YN Yes
Waste Water DisposalPrivate Sewer, Septic Tank

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1118 Exeter RoadExeter, ME 04435Price: $319,900

$/month over payments

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