About this home
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.
Listing last checked: Listing updated:
Listed by Listing Agent · RE/MAX Infinity · MLS #1664049
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Details at a glance
Interior3 property facts
- Heating
- Propane, Solar, Wood, Pellet Stove, Wood Stove
- Cooling
- Window Unit(s)
- Flooring
- Tile, Wood, Hardwood
Building5 property facts
- Style
- Other
- Year built
- 1865
- Garage
- 2
- Foundation
- Poured Concrete
- Roof
- Metal, Shingle
Land & utilities4 property facts
- Lot size
- 9 acres
- Water
- Private, Well
- Sewer
- Private Sewer, Septic Tank
- Zoning
- Residential
Financial2 property facts
- Annual taxes
- $2,200
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $299,900 asking price. Adjust the assumptions to your situation.
Known monthly costs$1,700 / monthAdjust
- Principal & interest
- $1,516
- Property tax
- $183
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $2,200. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 1118 Exeter Road
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