1118 Exeter RoadExeter, ME 04435

Description

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, additional living space, 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 suitable 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.

Property Information

Property type

Residential Income

Style

Farmhouse

Year built

1865

Living area

1,500 Sq Ft

Lot size

9.00 acres

Garage spaces

2

Zoning

Residential

Days on market

131

MLS^® Listing#

1664049

Property Features

Interior

Storage

Cooling

Window Unit(s)

Heating

Propane · Solar · Wood · Pellet Stove · Wood Stove

Flooring

Tile · Wood · Hardwood

Basement

Interior Entry

Pool

Above Ground

Parking

Gravel · Detached

Laundry

Main Level

Patio

Deck

Lot features

Agricultural · Farm · Open Lot · Pasture

Construction

Wood Siding · Frame

Roof

Metal · Shingle

Other structures

Outbuilding · Shed(s) · Barn(s)

Sewer

Private Sewer · Septic Tank

Water source

Private · Well

Financial Details

HOA

None

Annual taxes

$2,200Tax year 2025