18 King St Waterville, ME 04901
Estimated payment $1,415/month
Highlights
- Country Club
- New Englander Architecture
- Property is near golf course and shops
- Wood Flooring
- No HOA
- Baseboard Heating
About This Home
Have you been searching for a true cash flow opportunity or the perfect owner-occupied setup where your tenants help pay the mortgage? This three-unit property checks all the boxes. It features a spacious 4 bedroom apartment, a 2 bedroom apartment, and a 1 bedroom apartment, all of which have been remodeled within the past few years along with several additional upgrades throughout the property. The location is equally appealing. It is within walking distance to the rejuvenated downtown Waterville area and only minutes from the hospital, highway, colleges, and airport. Updated and affordable three unit properties are rare in this market and always in high demand. Whether you are building your investment portfolio or looking for a smart way to live in one unit while renting the other two, this is an opportunity you will not want to miss!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,417
Year Built
- Built in 1900
Lot Details
- 5,227 Sq Ft Lot
- Property fronts a freeway
Home Design
- New Englander Architecture
- Metal Roof
Interior Spaces
- 3 Full Bathrooms
- 2,217 Sq Ft Home
- 2-Story Property
- Exterior Basement Entry
Flooring
- Wood
- Carpet
- Laminate
Location
- Property is near golf course and shops
Utilities
- No Cooling
- Baseboard Heating
- Hot Water Heating System
Listing and Financial Details
- Tax Lot 57
- Assessor Parcel Number WAVL-000039-000000-000057
Community Details
Overview
- No Home Owners Association
- 3 Units
Recreation
- Country Club
Building Details
- Operating Expense $16,258
- Gross Income $39,000
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $2,417 | $142,200 | $9,800 | $132,400 |
| 2024 | $1,662 | $83,100 | $7,500 | $75,600 |
| 2023 | $1,654 | $83,100 | $7,500 | $75,600 |
| 2022 | $1,112 | $43,000 | $5,700 | $37,300 |
| 2021 | $1,097 | $43,000 | $5,700 | $37,300 |
| 2020 | $1,108 | $43,000 | $5,700 | $37,300 |
| 2019 | $1,108 | $43,000 | $5,700 | $37,300 |
| 2018 | $1,087 | $43,000 | $5,700 | $37,300 |
| 2017 | $1,003 | $43,000 | $5,700 | $37,300 |
| 2016 | $980 | $43,000 | $5,700 | $37,300 |
| 2015 | $1,321 | $47,500 | $6,200 | $41,300 |
| 2014 | $1,302 | $47,500 | $6,200 | $41,300 |
| 2013 | $1,302 | $47,500 | $6,200 | $41,300 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/14/2026 04/14/26 | Price Changed | $229,000 | -2.6% | $103 / Sq Ft | |
| 03/05/2026 03/05/26 | For Sale | $235,000 | +113.6% | $106 / Sq Ft | |
| 03/31/2023 03/31/23 | Sold | $110,000 | -4.3% | $50 / Sq Ft | View Prior Sale |
| 02/07/2023 02/07/23 | Pending | -- | -- | -- | |
| 02/03/2023 02/03/23 | For Sale | $115,000 | -- | $52 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $110,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $88,000 | Commercial |
Source: Maine Listings
MLS Number: 1653429
APN: WAVL-000039-000000-000057
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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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