Two-Unit Investment Opportunity! 32 King Street is a charming New Englander offering an excellent opportunity for investors or owner-occupants looking to build equity and generate rental income. The property features two separate units, five bedrooms, two baths, and flexible living space with classic character throughout.
The main unit offers a spacious eat-in kitchen, comfortable living areas, and access to a lovely three-season porch. The second-floor unit includes its own kitchen, creating a functional setup for separate rental living and added income potential.
With its two-unit configuration, generous bedroom count, this property offers versatility for investors, house hackers, or those seeking a multi-generational living arrangement. Whether you're looking to expand your rental portfolio or occupy one unit while renting the other, 32 King Street presents an exciting opportunity in Waterville's residential market.
Lot Features: Intown, Near Country Club, Near Golf Course, Near Shopping, Neighborhood, Level
Waterfront: No
Construction Type: Wood Frame, Vinyl Siding
Foundation Details: Granite, Brick/Mortar
Patio And Porch Features: Glassed-in Porch, Porch
Roof: Shingle
Garage/Parking
Attached Garage: No
Parking Features: Paved, 1 - 4 Spaces
Utilities
Laundry Features: Main Level
Cooling: None
Cooling Y N: No
Heating: Oil, Baseboard, Hot Water, Zoned
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: 16552.80
Zoning: RC
Multi Family
Number Of Units Total: 2
Annual Gross Income: 28200.00
Annual Operating Expense: 11882.90
Tax Info
Tax Annual Amount: 2307.00
Tax Lot: 68
Tax Year: 2025
Map
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Home Values in the Area
Source: Public Records
Average Home Value in this Area
Source: Public Records
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Year
Tax Paid
Tax AssessmentTax 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
$2,307
$135,700
$11,500
$124,200
2024
$1,422
$71,100
$8,400
$62,700
2023
$1,415
$71,100
$8,400
$62,700
2022
$959
$37,100
$6,300
$30,800
2021
$946
$37,100
$6,300
$30,800
2020
$956
$37,100
$6,300
$30,800
2019
$956
$37,100
$6,300
$30,800
2018
$938
$37,100
$6,300
$30,800
2017
$866
$37,100
$6,300
$30,800
2016
$846
$37,100
$6,300
$30,800
2015
$1,318
$47,400
$7,300
$40,100
2014
$1,299
$47,400
$7,300
$40,100
2013
$1,299
$47,400
$7,300
$40,100
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Event
Price
List to Sale
Price per Sq Ft
Prior Sale
11/04/202411/04/24
Sold
$154,500
+3.0%
$97 / Sq Ft
View Prior Sale
09/07/202409/07/24
Pending
--
--
--
08/27/202408/27/24
Price Changed
$150,000
-6.3%
$94 / Sq Ft
05/31/202405/31/24
For Sale
$160,000
--
$101 / Sq Ft
Source: Maine Listings
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Type
Sale Price
Title Company
Warranty Deed
$154,500
Misc Company
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
David is a highly organized and motivated REALTOR® with a passion for helping his clients achieve their real estate goals. As a naval veteran, husband, and father of twin boys, he understands the complexities involved in moving. David was honored as one of RISMedia's Top 25 Agents in the USA, reflecting his dedication and expertise in the field. He is an Accredited Buyer's Representative (ABR®) and is committed to providing personalized service, clear communication, and sound advice, empowering
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