220 Water St Waterville, ME 04901
Estimated payment $786/month
Highlights
- Wood Flooring
- Hot Water Heating System
- Open Lot
- No HOA
About This Home
This 2-unit duplex offers a fantastic opportunity for those looking to build equity through renovation. Each spacious unit features 2 bedrooms and 1 bath, providing excellent potential for strong rental income once updated. Both units are currently vacant, giving the new owner the flexibility to complete improvements at their own pace and choose tenants. Conveniently located near downtown Waterville, schools, shopping, and I-95, this property is perfect for an investor or owner-occupant ready to put in a little work and reap big rewards. Don't miss this chance to bring new life to a property with great bones and endless potential!
Listing Agent
Fontaine Family-The Real Estate Leader Brokerage Phone: 207-784-3800 Listed on: 10/16/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,550
Year Built
- Built in 1880
Lot Details
- 8,276 Sq Ft Lot
- Open Lot
Home Design
- 2,028 Sq Ft Home
- Duplex
- Wood Frame Construction
- Composition Roof
- Vinyl Siding
Flooring
- Wood
- Laminate
- Vinyl
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- Paved Parking
- Off-Street Parking
Utilities
- No Cooling
- Hot Water Heating System
Additional Features
- 3 Full Bathrooms
- City Lot
Community Details
- No Home Owners Association
- 2 Units
Listing and Financial Details
- REO, home is currently bank or lender owned
- Tax Lot 67
- Assessor Parcel Number WAVL-000034-000000-000067
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 | $2,287 | $134,500 | $14,100 | $120,400 |
| 2024 | $2,550 | $127,500 | $10,300 | $117,200 |
| 2023 | $2,537 | $127,500 | $10,300 | $117,200 |
| 2022 | $1,670 | $64,600 | $7,800 | $56,800 |
| 2021 | $1,035 | $64,600 | $7,800 | $56,800 |
| 2020 | $2,511 | $64,600 | $7,800 | $56,800 |
| 2019 | $2,511 | $64,600 | $7,800 | $56,800 |
| 2018 | $4,607 | $64,600 | $7,800 | $56,800 |
| 2017 | $1,507 | $64,600 | $7,800 | $56,800 |
| 2016 | $2,488 | $64,600 | $7,800 | $56,800 |
| 2015 | $1,537 | $55,300 | $8,900 | $46,400 |
| 2014 | $1,515 | $55,300 | $8,900 | $46,400 |
| 2013 | $1,515 | $55,300 | $8,900 | $46,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/26/2025 11/26/25 | Price Changed | $109,000 | -9.1% | $54 / Sq Ft |
| 10/16/2025 10/16/25 | For Sale | $119,900 | -- | $59 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Foreclosure Deed | $108,800 | -- | |
| Foreclosure Deed | $108,800 | -- | |
| Foreclosure Deed | $108,800 | -- | |
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| Interfamily Deed Transfer | -- | -- | |
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Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $74,400 | Purchase Money Mortgage |
Source: Maine Listings
MLS Number: 1641079
APN: WAVL-000034-000000-000067
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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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