40 Winter St Waterville, ME 04901
Estimated payment $1,339/month
Highlights
- Nearby Water Access
- New Englander Architecture
- Attic
- Wood Flooring
- Main Floor Bedroom
- No HOA
About This Home
VIRTUAL 360 ONLINE TOUR AVAILABLE. Investment Opportunity in the Heart of Waterville! Nestled in a desirable neighborhood close to local schools and Waterville's vibrant downtown, this true 2-unit property offers both size and potential. With approximately 2,638± sq. ft. of living space, this larger multi-family provides tenants with spacious accommodations rarely found in comparable rentals. Each unit features 2 bedrooms and 1 full bath, along with access to basement storage. Investors will appreciate the separate utilities: two independent heat sources and separate electrical meters for heat, hot water, and electricity—keeping tenant expenses independent and landlord overhead low. This property also presents a unique opportunity for forced appreciation. Current rents have been held below market levels, and with some thoughtful renovations and updates, you could increase rental income and build equity in one of Waterville's most sought-after locations. Whether you're expanding your portfolio or entering the rental market for the first time, this property combines strong fundamentals with room to grow—an excellent opportunity for both cash flow and long-term value. Schedule your showing today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,488
Year Built
- Built in 1900
Lot Details
- 9,148 Sq Ft Lot
- Level Lot
- Open Lot
Home Design
- New Englander Architecture
- Farmhouse Style Home
- Concrete Foundation
- Wood Frame Construction
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2,628 Sq Ft Home
- 3-Story Property
- Ceiling Fan
- Storm Windows
- Attic
Flooring
- Wood
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- Main Floor Bedroom
- 2 Full Bathrooms
- Bathtub
- Shower Only
Laundry
- Laundry on main level
- Washer and Dryer Hookup
Unfinished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- Driveway
- Paved Parking
- On-Site Parking
- Off-Street Parking
Outdoor Features
- Nearby Water Access
- Enclosed Glass Porch
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Oil
- Natural Gas Not Available
- Electric Water Heater
- Internet Available
Listing and Financial Details
- Tax Lot 63
- Assessor Parcel Number WAVL-000048-000000-000063
Community Details
Overview
- No Home Owners Association
- 2 Units
Amenities
- Community Storage Space
Building Details
- Operating Expense $5,601
- Gross Income $19,800
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 | $3,698 | $217,500 | $28,700 | $188,800 |
| 2024 | $3,488 | $174,400 | $21,000 | $153,400 |
| 2023 | $3,471 | $174,400 | $21,000 | $153,400 |
| 2022 | $2,316 | $89,600 | $15,800 | $73,800 |
| 2021 | $2,285 | $89,600 | $15,800 | $73,800 |
| 2020 | $2,308 | $89,600 | $15,800 | $73,800 |
| 2019 | $2,308 | $89,600 | $15,800 | $73,800 |
| 2018 | $2,264 | $89,600 | $15,800 | $73,800 |
| 2017 | $2,090 | $89,600 | $15,800 | $73,800 |
| 2016 | $2,043 | $89,600 | $15,800 | $73,800 |
| 2015 | $2,241 | $80,600 | $17,300 | $63,300 |
| 2014 | $2,208 | $80,600 | $17,300 | $63,300 |
| 2013 | $2,208 | $80,600 | $17,300 | $63,300 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/05/2025 11/05/25 | Price Changed | $199,900 | -11.1% | $76 / Sq Ft |
| 10/02/2025 10/02/25 | Price Changed | $224,900 | -10.0% | $86 / Sq Ft |
| 09/11/2025 09/11/25 | For Sale | $249,900 | -- | $95 / Sq Ft |
Source: Maine Listings
MLS Number: 1636975
APN: WAVL-000048-000000-000063
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