1118 Exeter RoadExeter, ME 04435

Description

Income-producing multi-unit property on 9± acres in Exeter with a 3-bedroom main home, two studio apartments, a five-stall horse barn, pasture, pond, garage, and solar system. The seller reports approximately 25,000 in annual rental income from the two studio apartments, each of which includes a full bathroom. The three separate living spaces provide flexibility for owner occupancy, rental use, additional living space, or continued investment. Originally built in 1865 and extensively renovated in 1985, the property combines historic character with substantial acreage and practical improvements. Outbuildings include a new 22' × 28' garage and a 50' × 60' five-stall horse barn with an attached shed. The 9± acres also include pasture, a pond, and open outdoor space for equestrian, gardening, recreational, or homestead use. A 14,000-watt solar system is included. With existing rental income, multiple living spaces, acreage, equestrian infrastructure, solar, and substantial outbuildings, this property offers a versatile opportunity for residential, rental, or investment use in rural Maine. Intended uses are subject to applicable municipal requirements and due diligence.

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

152

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