1118 Exeter Road
Exeter, ME 04435
$299,900
Listing Courtesy of: RE/MAX Infinity
207-441-8294
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.
| Listing Id: | 1664049 |
|---|---|
| List Price: | $299,900 |
| Property Type: | Multi-Family |
| Status: | Active |
| Bathrooms Full: | 3 |
| Tax Annual Amount: | $2,200 |
| Lot Size Square Feet: | 392,040.0 |
| Lot Size Acres: | 9.0 |
| Architectural Style: | Farmhouse |
| Waterfront?: | No |
| City: | Exeter |
| County Or Parish: | Penobscot |
| Postal Code: | 04435 |
| Year Built: | 1865 |
| Number Of Units Total: | 3 |
| Listing Key: | 899cdd064133548eec1717d0a064aedc |
| Above Grade Finished Area: | 1,500.0 |
| Bathrooms Total Integer: | 3 |
| Building Area Total: | 1,500.0 |
| Basement: | Interior Entry, Slab |
| Construction Materials: | Wood Frame, Wood Siding |
| Cooling: | Window Unit(s) |
| Cooling?: | Yes |
| Documents Change Timestamp: | 2026-05-27T14:05:07Z |
| Documents Count: | 4 |
| Directions: | GPS Friendly. Property is located at 1118 Exeter Road, Exeter, Maine. Look for the REMAX sign. |
| Electric: | Circuit Breakers, Generator Hookup, Other Electric |
| Flooring: | Tile, Wood, Hardwood |
| Foundation Details: | Poured Concrete |
| Garage Spaces: | 2.0 |
| Garage?: | Yes |
| Gross Income: | $25,000 |
| Heating?: | Yes |
| Heating: | Pellets, Propane, Solar, Wood, Direct Vent Heater, Pellet Stove, Wood Stove |
| High School District: | MSAD 46 |
| Interior Features: | 1st Floor Bedroom, Shower, Storage |
| Listing Contract Date: | 2026-05-27 |
| Lot Size Area: | 9.0 |
| Laundry Features: | Main Level |
| Lot Features: | Rural, Agricultural, Farm, Open Lot, Pasture |
| Lot Size Units: | Acres |
| Levels: | Multi-Level |
| Status: | Active |
| Original List Price: | $319,900 |
| Other Structures: | Outbuilding, Shed(s), Barn(s) |
| Operating Expense: | $9,500 |
| Parcel Number: | EXER-000007-000000-000006-000002 |
| Parking Features: | Gravel, 5 - 10 Spaces, Detached |
| Patio And Porch Features: | Deck |
| Pool Features: | Above Ground |
| Postal Code Plus4: | 3225 |
| Roof: | Metal, Shingle |
| State Or Province: | ME |
| Tax Year: | 2025 |
| View: | Fields, Scenic, Trees/Woods |
| Water Source: | Private, Well |
| Zoning: | Residential |
| Gas: | Underground |
| Lot Size Source: | Deed |
| Sewer: | Private Sewer, Septic Tank |
| Bathrooms Total Decimal: | 3.0 |
| Approval Status: | true |
| Water Info Water View: | No |
| Unit 1 Lease: | Yes |
| Unit 1 Level: | First |
| Unit 1 Security Deposit: | No |
| Unit 1 Monthly Rent: | 1000.0 |
| Unit 1 # Full Baths: | 1 |
| Unit 1 # Of Rooms: | 1 |
| Unit 1 Electric: | Yes |
| Unit 1 Heat: | Yes |
| Unit 1 Range: | Yes |
| Unit 1 Refrigerator: | Yes |
| Unit 1 Dedicated Electric Meter: | No |
| Unit 1 Dedicated Gas Meter: | Yes |
| Unit 1 Dedicated Water Heater: | No |
| Unit 1 Sewer: | Yes |
| Unit 1 Water: | Yes |
| Unit 2 # Full Baths: | 1 |
| Unit 2 # Of Rooms: | 1 |
| Unit 2 Lease: | Yes |
| Unit 2 Level: | Second |
| Unit 2 Security Deposit: | No |
| Unit 2 Monthly Rent: | 1000.0 |
| Unit 2 Electric: | Yes |
| Unit 2 Heat: | Yes |
| Unit 2 Range: | Yes |
| Unit 2 Refrigerator: | Yes |
| Unit 2 Dedicated Gas Meter: | Yes |
| Unit 2 Dedicated Electric Meter: | No |
| Unit 2 Dedicated Water Heater: | No |
| Unit 2 Sewer: | Yes |
| Unit 2 Water: | Yes |
| Unit 3 # Of Rooms: | 6 |
| Unit 3 Lease: | No |
| Unit 3 Level: | First |
| Unit 3 Security Deposit: | No |
| Unit 3 # Full Baths: | 1 |
| Unit 3 Electric: | Yes |
| Unit 3 Heat: | Yes |
| Unit 3 Range: | Yes |
| Unit 3 Dedicated Gas Meter: | Yes |
| Unit 3 Dedicated Electric Meter: | No |
| Unit 3 Dedicated Water Heater: | No |
| Unit 3 Refrigerator: | Yes |
| Unit 3 Sewer: | Yes |
| Unit 3 Water: | Yes |
| Units # Of 1 Bd Units: | 2 |
| Units # Of 2 Bd Units: | 1 |
| Property Information Road Frontage +/-: | 487.0 |
| Property Information Source Of Road Frontage: | Deed |
| Property Information Surveyed: | No |
| Property Information Seasonal: | No |
| Property Information Road Frontage: | Yes |
| Location Information Page: | 1 |
| Location Information Zoning Overlay: | Unknown |
| Location Information Tree Growth Y/n: | No |
| Contract Information List Price/sq Ft: | $200 |
| Contract Information Comp Listing: | No |
| Remarks Showing Remarks: | Showings by appointment only. Property is occupied, including apartment units. Please allow reasonable notice. |
| Amenities: | 1st Floor Bedroom, Main Level, Above Ground, Shower, Storage |
| Roads: | Public |
| Vehicle Storage: | 2 Car, Detached |
| Water Heater: | Tank |
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.
Maine Real Estate Information System, Inc. data last updated on October 08, 2026 05:14 PM - ET
Property Last Updated: October 08, 2026 05:14 PM - ET
