$525,000
SOLD APR 18, 2025

172 College Ave Waterville, ME 04901

-- Bed
8 Baths
5,848 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$90 Per Sq Ft

4 Days on Market

Highlights

  • Property is near public transit
  • Corner Lot
  • Forced Air Zoned Heating System
  • Wood Flooring
  • No HOA
  • Hot Water Heating System

About This Home

As of April 2025

8 unit multi family offering great rental history. Vinyl siding, off street parking, natural gas heating systems, coin-op laundry, convenient location.

Last Agent to Sell the Property

Kim Gleason

McAllister Real Estate Listed on: 02/18/2025

Last Buyer's Agent

Francois Rodrigue

Keller Williams Realty

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,970

Year Built

  • Built in 1930

Lot Details

  • 8,712 Sq Ft Lot
  • Corner Lot
  • Level Lot
  • Open Lot

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Membrane Roofing
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 8 Full Bathrooms
  • 5,848 Sq Ft Home
  • Multi-Level Property

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • Common or Shared Parking
  • Gravel Driveway
  • Shared Driveway
  • Paved Parking
  • Off-Street Parking

Location

  • Property is near public transit
  • City Lot

Utilities

  • No Cooling
  • Forced Air Zoned Heating System
  • Heating System Uses Oil
  • Hot Water Heating System
  • Natural Gas Not Available
  • Private Sewer

Listing and Financial Details

  • Tax Lot 161
  • Assessor Parcel Number WAVL-000063-000000-000161

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Building Details

  • Operating Expense $34,950
  • Gross Income $91,464

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,970

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Northerly on College Ave, property on left at corner of College Ave and Broadway
  • Above Grade Finished Sq Ft: 5848.0
  • Architectural Style: Other
  • Garage Yn: No
  • Unit Levels: Multi-Level
  • Year Built: 1930
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.2
  • Property Information:Total Baths: 8.0
  • Property Information:SqFt Finished Above Grade: 5848.0
  • Property Information:Garage: No
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Driveway:Common2: Yes
  • Roof:Metal: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 8
  • Income Expenses Gross Income: 91464.0
  • Income Expenses Operating Expenses: 34950.0
  • Sewer:Private Sewer: Yes
  • Basement:Slab2: Yes
  • Driveway:Gravel: Yes
  • Roof:Membrane: Yes
  • Location:Near Railroad: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Interior, Full
  • Full Bathrooms: 8
  • Flooring: Wood, Vinyl, Laminate, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Open, Corner Lot, Level, Intown, Near Shopping, Near Turnpike/Interstate, Near Town, Near Railroad
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Slab
  • Roof: Membrane, Metal, Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Gravel, Paved, Common, Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Zoned, Hot Water, Forced Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8712.0
  • Parcel #: WAVL-000063-000000-000161
  • Zoning: CC

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 91464.0
  • Annual Operating Expense: 34950.0

Tax Info

  • Tax Annual Amount: 5970.0
  • Tax Book Number: 12563
  • Tax Lot: 161
  • Tax Map Number: 63
  • Tax Year: 2024

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2025 04/18/25 Sold $525,000 0.0% $90 / Sq Ft
02/22/2025 02/22/25 Pending -- -- --
02/18/2025 02/18/25 For Sale $525,000 -- $90 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kim Gleason

    Seller's Agent in 2025

    Kim Gleason

    McAllister Real Estate

    (207) 837-3180

    189 Total Sales

    Kim Gleason
    Section Image
  • Francois Rodrigue

    Buyer's Agent in 2025

    Francois Rodrigue

    Keller Williams Realty

    (617) 208-0458

    268 Total Sales

    Francois Rodrigue
    Section Image
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Map

Source: Maine Listings

MLS Number: 1614622

Maine Listings

Maine Kennebec County Waterville 04901

172 College Ave, Waterville, ME

This home is located at 172 College Ave, Waterville, ME 04901 and is currently priced at $525,000, approximately $89 per square foot. This property was built in 1930. 172 College Ave is a home located in Kennebec County with nearby schools including George J. Mitchell School, Albert S. Hall School, and Waterville Junior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Maine Listings Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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