7 Porter StreetParis, ME 04281

Description

FOUR-UNIT VICTORIAN WITH OWNER-OCCUPIED & INCOME POTENTIAL IN SOUTH PARIS. Live affordably, build equity, and create long-term wealth with this unique owner-occupied investment opportunity Currently configured as four separate one-bedroom, one-bath units, the property also lends itself beautifully to conversion back into an expansive single-family residence or multigenerational home. Previously operated as a Bed & Breakfast and owner-occupied with an in-law suite, the possibilities are endless. Located just minutes from downtown South Paris and neighboring Norway, this property enjoys close proximity to shopping, restaurants, cafés, schools, medical facilities, and the Oxford Hills area amenities. Outdoor recreation abounds with nearby lakes, hiking, skiing, snowmobile trails, and easy access to western Maine's year-round activities. The property's elevated setting provides lovely views from both the welcoming front porch and second-story screened porch, creating a peaceful retreat while remaining close to town conveniences. For investors, this property presents a compelling opportunity to offset ownership costs through three rental incomes while occupying one spacious unit yourself. With demand for quality rental housing continuing throughout the Oxford Hills region, the income-producing configuration offers strong long-term investment appeal. The flexible layout allows an owner to maximize cash flow, accommodate extended family, or create a stunning single-family Victorian estate. Inside, timeless architectural character shines through with classic Victorian detailing, spacious rooms, natural light, and the warmth only a historic Maine home can offer. Whether you are seeking a smart owner-occupied investment, an income-producing property, or a grand home with incredible versatility, 7 Porter Street delivers charm, functionality, and opportunity in one of western Maine's most desirable small-town settings.

Property Information

Property type

Residential

Sub-type

Single Family Residence

Style

Victorian

Year built

1880

Living area

3,425 Sq Ft

Lot size

0.37 acres

Zoning

R

Days on market

144

MLS^® Listing#

1663774

Property Features

Cooling

Window Unit(s)

Heating

Oil · Propane · Hot Water · Space Heater · Radiant

Flooring

Carpet · Laminate · Wood

Basement

Interior Entry · Partial · Unfinished

Pool

Above Ground

Parking

Paved

Patio

Screened · Porch · Deck

Fencing

Fenced

Lot features

Level · Open Lot

Construction

Fiber Cement · Wood Siding · Frame

Foundation

Block · Stone · Brick/Mortar

Roof

Shingle

Other structures

Shed(s)

Utilities

Propane

Sewer

Public Sewer

Water source

Public

Rooms

Financial Details

HOA

None

Annual taxes

$5,143Tax year 2024