N
Seller's Agent in 2026
Nicholas Corrow
Real Broker
(207) 649-4437
5 in this area
121 Total Sales
40 Winter St Waterville, ME 04901
--
Bed
2
Baths
2,628
Sq Ft
9,148
Sq Ft Lot
Highlights
- Wood Flooring
- No HOA
- Ceiling Fan
- New Englander Architecture
- Forced Air Heating System
About This Home
As of January 2026VIRTUAL 360 ONLINE TOUR AVAILABLE. ***CALLING FOR BACKUP OFFERS*** Inspection reports 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
Year Built
- Built in 1900
Lot Details
- 9,148 Sq Ft Lot
Home Design
- New Englander Architecture
- Farmhouse Style Home
- Shingle Roof
Interior Spaces
- 2 Full Bathrooms
- 2,628 Sq Ft Home
- 3-Story Property
- Ceiling Fan
- Interior Basement Entry
Flooring
- Wood
- Carpet
- Laminate
- Vinyl
Utilities
- No Cooling
- Forced Air Heating System
Listing and Financial Details
- Tax Lot 63
- Assessor Parcel Number WAVL-000048-000000-000063
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Operating Expense $5,601
- Gross Income $19,800
Matterport 3D Tour
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 11, 2025
Closed on
Jan 16, 2026
Sold by
Geller David A and Geller Jennifer
Bought by
St Germain Thomas J
Seller's Agent
Nicholas Corrow
Real Broker
Buyer's Agent
Bart Stevens
Century 21 Nason Realty
List Price
$249,900
Sold Price
$135,000
Premium/Discount to List
-$114,900
-45.98%
Views
185
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34130.07%
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $135,000 | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/16/2026 01/16/26 | Sold | $135,000 | -9.9% | $51 / Sq Ft |
| 12/16/2025 12/16/25 | Price Changed | $149,900 | -25.0% | $57 / 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
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 |
Source: Public Records
Agents Affiliated with this Home
-
Nicholas Corrow
-
Bart Stevens
Buyer's Agent in 2026
Bart Stevens
Century 21 Nason Realty
(207) 873-2119
24 in this area
68 Total Sales
Map
Source: Maine Listings
MLS Number: 1636975
APN: WAVL-000048-000000-000063
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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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