$249,900

11 College Ave Waterville, ME 04901

Estimated payment $1,686/month

Total Views 2,928
-- Bed
3 Baths
3,414 Sq Ft
$73 Price per Sq Ft

Highlights

  • Greek Revival Architecture
  • Corner Lot
  • Porch
  • Wood Flooring
  • No HOA
  • Zoned Heating

About This Home

This profitable 3-unit income property is in an excellent location at the edge of downtown Waterville! Easy walking distance to shops, entertainment, pubs, fine dining restaurants, and a quality hotel.

Listing Agent

Brian York

Adams Realty Listed on: 10/24/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,432

Year Built

  • Built in 1870

Lot Details

  • 5,663 Sq Ft Lot
  • Corner Lot

Home Design

  • 3,414 Sq Ft Home
  • Greek Revival Architecture
  • Brick Foundation
  • Concrete Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Metal Roof
  • Asbestos Siding
  • Asbestos
  • Concrete Perimeter Foundation

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Brick Basement
  • Interior Basement Entry

Parking

  • Driveway
  • Paved Parking
  • On-Street Parking
  • On-Site Parking

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Water Heater

Additional Features

  • 3 Full Bathrooms
  • Porch
  • City Lot

Listing and Financial Details

  • Tax Lot 371
  • Assessor Parcel Number 11CollegeAvenueWaterville04901

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $23,615
  • Gross Income $37,056

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,432

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.13
  • Road Surface Type: Paved
  • MLS Status: Active
  • Directions: Corner of College Ave. and Union Street
  • Above Grade Finished Sq Ft: 3414.0
  • Architectural Style: Greek Revival
  • Garage Yn: No
  • Year Built: 1870
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.13
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 3414.0
  • Property Information:Garage: No
  • Site:Corner Lot: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Roof:Metal: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:BrickMortar2: Yes
  • Income Expenses Gross Income: 37056.0
  • Income Expenses Operating Expenses: 23615.0
  • Parking:On Site2: Yes
  • Roof:Pitched: Yes
  • Basement:BrickMortar: Yes
  • Water Heater:Tank: Yes
  • Exterior:Asbestos: Yes
  • Parking:On Street: Yes
  • Style:Greek-Revival: Yes
  • Heat System:Zoned: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Interior, Walk-Out Access, Brick/Mortar, Full, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Vinyl, Laminate, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Corner Lot, Sidewalks, Intown, Near Shopping
  • Waterfront: No
  • Construction Type: Asbestos, Wood Frame
  • Foundation Details: Concrete Perimeter, Brick/Mortar
  • Patio And Porch Features: Porch
  • Roof: Metal, Pitched
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved, On Site, On Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Zoned, Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5662.8
  • Parcel #: 11CollegeAvenueWaterville04901
  • Zoning: CA

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 37056.0
  • Annual Operating Expense: 23615.0

Tax Info

  • Tax Annual Amount: 4431.9
  • Tax Lot: 371
  • Tax Year: 25

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,232 $211,600 $10,500 $201,100
2023 $4,211 $211,600 $10,500 $201,100
2022 $2,776 $107,400 $7,900 $99,500
2021 $2,739 $107,400 $7,900 $99,500
2020 $2,767 $107,400 $7,900 $99,500
2019 $2,767 $107,400 $7,900 $99,500
2018 $2,714 $107,400 $7,900 $99,500
2017 $2,506 $107,400 $7,900 $99,500
2016 $2,449 $107,400 $7,900 $99,500
2015 $1,682 $60,500 $9,100 $51,400
2014 $1,658 $60,500 $9,100 $51,400
2013 $1,658 $60,500 $9,100 $51,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/24/2025 10/24/25 For Sale $249,900 -- $73 / Sq Ft
Source: Maine Listings

Source: Maine Listings

MLS Number: 1641838

Maine Listings

APN: WAVL-000048-000000-000371