UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active Under Contract
Square Footage 2,628 sqft
MLS Listing ID 1636975
Style Farmhouse,New Englander
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 2,628
Year Built 1900
Annual Tax Amount $3,488
Tax Year 2024
Lot Size 9,147 Sqft
Acres 0.21
Source Maine Listings
Land Area 2628
Property Description
***CALLING FOR BACKUP OFFERS***
Inspection reports available!
Investment Opportunity in the Heart of Waterville! Nestled in a desirable neighborhood close to local schools and Waterville's vibrant downtown, this true 2-unit property offers both size and potential. With approximately 2,638± sq. ft. of living space, this larger multi-family provides tenants with spacious accommodations rarely found in comparable rentals. Each unit features 2 bedrooms and 1 full bath, along with access to basement storage. Investors will appreciate the separate utilities: two independent heat sources and separate electrical meters for heat, hot water, and electricity—keeping tenant expenses independent and landlord overhead low. This property also presents a unique opportunity for forced appreciation. Current rents have been held below market levels, and with some thoughtful renovations and updates, you could increase rental income and build equity in one of Waterville's most sought-after locations. Whether you're expanding your portfolio or entering the rental market for the first time, this property combines strong fundamentals with room to grow—an excellent opportunity for both cash flow and long-term value. Schedule your showing today!
Location
State ME
County Kennebec
Zoning RB
Rooms
Basement Interior, Walk-Out Access, Full, Unfinished
Interior
Interior Features 1st Floor Bedroom, Attic, Bathtub, Shower, Storage
Heating Forced Air
Cooling None
Flooring Wood, Vinyl, Laminate, Carpet
Equipment Internet Access Available
Fireplace No
Laundry Laundry - 1st Floor, Upper Level, Main Level, Washer Hookup
Exterior
Parking Features 1 - 4 Spaces, Paved, On Site, Off Street
Utilities Available 1
View Y/N No
Roof Type Shingle
Street Surface Paved
Porch Glass Enclosed
Garage No
Building
Lot Description Open, Level, Neighborhood
Story 3
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Farmhouse, New Englander
Structure Type Other Exterior,Wood Frame
Others
Restrictions Unknown
Energy Description Oil
Virtual Tour https://my.matterport.com/show/?m=kLe6jvPoiDV&mls=1
