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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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7 Porter St , Paris, ME 04281
$389,000
Est. Payment: $864.44/mo
3 Bed
4 Bath
3425 Sqft
Status: Active | Days on site: 86
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1944 - 014171
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House 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.

Highlights

Listed by Heidi Holley , 207-347-0880 Realty of Maine , 207-667-2300.

Property Type

Residential

Lot/Acreage
0.37

Year Built

1880

County

Oxford

School District

Rsu 17/Msad 17

Listing ID

1663774

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:4
  • Full Bathrooms:4
Air Cond:Window Unit(s)
Fireplaces:
Floor:Carpet,Laminate,Wood
Above Ground Sq Ft:3425
Below Ground Sq Ft:0
Basement:Doghouse,Interior Entry,Partial,Unfinished
Other:
  • Additional:Attic, Shower
Water:Public

Exterior Features

Lot:Near Town,Neighborhood,Level,Open Lot
Zoning:R
Roof:Shingle
Sewer:Public Sewer
Parking Features:Paved,1 - 4 Spaces
Principal Interest
$864
Taxes
$429

Home Price

$389,000

Loan Details

30 yrs
%

Down Payment

20%
$77,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$864.44

Principal

Taxes

Principal Taxes HOA Total
Monthly $864.44 $428.58 $0.00 $1,293.03
Yearly $10,373.33 $5,143.00 $0.00 $15,516.33
Total $311,200.00 $154,290.00 $0.00 $465,490.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Paris, ME).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.