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$999,000
15 Days On Site

229 Spring Valley Lane
New Gloucester, ME 04260

For Sale|Multi Family|Active
0
Beds
0
Total Baths
750
SqFt
$1,332
/SqFt
County:
Cumberland
Days online/new listing status provided by Showcase IDX.
Listing courtesy of Five Star Realty
Call Now: 207.805.3707
Is this the listing for you? We can help make it yours.
207.805.3707
229 Spring Valley Lane229 Spring Valley Lane229 Spring Valley Lane229 Spring Valley Lane
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Mortgage Calculator

Monthly Payment (Est.)

$4,558
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2026 Information is deemed reliable but not guaranteed.

Don't miss this opportunity to acquire a well-maintained 11-site manufactured housing community situated on 5.5± scenic acres with strong in-place income and future upside. Surrounded by mature trees and offering a peaceful country setting, this established investment combines reliable cash flow with the potential for long-term appreciation. The community features 11 total sites, including 2 park-owned homes and 9 tenant-owned homes, creating an attractive ownership structure that minimizes maintenance responsibilities while providing consistent rental income. Current operations generate an impressive annual gross income of $86,700 and a net operating income of $74,223, making this an ideal addition to an investment portfolio. The property has been thoughtfully maintained with infrastructure improvements that include a pump house equipped with updated electrical, two new expansion tanks, sand/salt storage, utility storage, and additional overhead storage above. The park is serviced by two septic systems with leach fields, and all homes are connected to underground electrical service with individual meters, providing efficient utility management. With 5.5 acres, the property may offer future expansion potential, subject to buyer verification with the local municipality, creating an exciting opportunity to increase value over time. Whether you're looking to expand your manufactured housing portfolio or invest in one of the real estate market's most resilient asset classes, this turnkey community offers the perfect blend of stable income, low operating expenses, and room for future growth. Strong cash flow. Low-maintenance ownership. Future growth potential. Opportunities like this are increasingly difficult to find. Broker is related to sellers.

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Listing Snapshot
Price 
$999,000
Days On Site 
15 Days
Bedrooms 
N/A
Inside Area (SqFt) 
750 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
5.5 Acres
Year Built 
N/A
MLS® Number 
1670413
Status 
Active
Property Tax 
$3,344
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Days online/new listing status provided by Showcase IDX.
Friends & Family
Recent Activity
2 weeks agoListing first seen on site
2 weeks agoListing updated with changes from the MLS®
Price history, status history, and update history provided by Showcase IDX.
General Features
Acres 
5.5
Building Features 
Overhead Doors
Land Lease 
No
Parking 
On SitePaved
Property Sub Type 
Multi Family
Sewer 
Private Sewer
SqFt Total 
750
Utilities 
Propane
Water Source 
PrivateWell
Zoning 
RB-2
Interior Features
Basement 
None
Electric 
Circuit BreakersUnderground
Interior 
Storage
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Exterior Features
Construction Details 
Vinyl SidingFrame
Other Structures 
Outbuilding
Roof 
MetalShingle
Listing courtesy of Five Star Realty



Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.
Last checked 2026-07-21 11:20 PM UTC

Neighborhood & Commute
Source: Walkscore
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