NOT LISTED FOR SALE

71 Water St Hallowell, ME 04347

-- Bed
32.5 Baths
32,282 Sq Ft
9.09 Acres

Last Sold July 25, 2024

Last sale price $3,100,000 $96 Per Sq Ft

121 Days on Market

Highlights

  • River Front
  • Colonial Architecture
  • Wood Flooring
  • 9.09 Acre Lot
  • Wooded Lot
  • 1-minute walk to Granite City Park

About This Home

As of July 2024

Rare investment opportunity, 51 units on 5 properties. Conveniently located at 58 Winthrop Street in Augusta, 61 and 71 Water Street in Hallowell and Carr Lane and 44 Sheldon Street in Farmingdale. All properties have off street parking and coin operated laundry for tenants. All tenants have at will agreements and security deposits and pay their own electric. A great way to start or add to your portfolio!

Last Agent to Sell the Property

Anna Moskowitz

Hoang Realty Listed on: 03/01/2024

Last Buyer's Agent

Tyler Hall

Keller Williams Realty

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $30,000

Year Built

  • Built in 1900

Lot Details

  • 9.09 Acre Lot
  • River Front
  • Level Lot
  • Open Lot
  • Wooded Lot

Parking

  • 2 Car Detached Garage
  • Common or Shared Parking
  • Shared Driveway
  • Off-Street Parking

Home Design

  • Colonial Architecture
  • Post and Beam
  • New Englander Architecture
  • Brick Foundation
  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 32,282 Sq Ft Home
  • 3-Story Property
  • 10 Fireplaces
  • Water Views

Flooring

  • Wood
  • Laminate
  • Tile
  • Vinyl

Unfinished Basement

  • Doghouse Basement Entry
  • Exterior Basement Entry
  • Sump Pump

Location

  • City Lot

Utilities

  • Air Conditioning
  • Zoned Heating
  • Radiator
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 154, 155, 156
  • Assessor Parcel Number 71WaterStreetHallowell04347

Community Details

Overview

  • No Home Owners Association
  • 51 Units

Amenities

  • Coin Laundry

Pet Policy

  • No Dogs Allowed

Building Details

  • Operating Expense $330,000
  • Gross Income $479,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$30,000

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 9.09
  • Road Surface Type: Paved
  • Water Body Name: Kennebec River
  • MLS Status: Closed
  • Directions: GPS Friendly
  • Above Grade Finished Sq Ft: 32282.0
  • Architectural Style: Colonial, Multi-Level, New Englander, Other Style
  • Garage Yn: Yes
  • Building Stories: 3
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 9.09
  • Property Information:Total Baths: 33.0
  • Property Information:SqFt Finished Above Grade: 32282.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Property Information:Garage Spaces: 2.0
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Vehicle Storage:Detached: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Heat Fuel:Gas Natural: Yes
  • Floors:Laminate: Yes
  • Basement Entry:Doghouse: Yes
  • Property Information:Number of Units: 51
  • Foundation Materials:BrickMortar2: Yes
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 479000.0
  • Income Expenses Operating Expenses: 330000.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Exterior:Wood Siding: Yes
  • Style:Colonial: Yes
  • Building Info:_pound_ Fireplaces3: 10
  • Parking:Paved3: Yes
  • Gas:Natural - At Street: Yes
  • Property Information:Short Sale Continue to Show: No
  • Site:Wooded: Yes
  • Site:RollingSloping: Yes
  • Property Information:Bank Owned REO: No
  • Construction:Post Beam: Yes
  • Basement:Sump Pump: Yes
  • Heat System:Radiator: Yes
  • Foundation Materials:Granite2: Yes
  • Basement Entry:Exterior Only: Yes
  • Style:New Englander: Yes
  • Cooling:AC Units: Yes
  • Driveway:Reclaimed: Yes
  • Building Info:_pound_ Floors3: 3
  • Amenities:Laundry - Coin: Yes
  • Restrictions:No Dogs Allowed: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Bulkhead, Sump Pump, Exterior Entry, Doghouse, Exterior Only, Unfinished
  • Full Bathrooms: 32
  • Half Bathrooms: 1
  • Fireplaces: 10
  • Fireplace: Yes
  • Flooring: Wood, Vinyl, Tile, Laminate
  • Stories: 3

Exterior Features

  • Lot Features: Level, Open Lot, Rolling Slope, Sidewalks, Wooded, Intown, Near Shopping, Near Turnpike/Interstate, Near Town
  • Waterfront Features: River
  • Waterfront: No
  • Construction Type: Wood Siding, Vinyl Siding, Post & Beam, Wood Frame
  • Foundation Details: Granite, Concrete Perimeter, Brick/Mortar
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: 21+ Spaces, Paved, Reclaimed, Common, On Site, Detached, Off Street

Utilities

  • Laundry Features: Laundry - Coin
  • Cooling: None, A/C Units
  • Cooling Y N: No
  • Heating: Radiator, Multi-Zones, Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Dogs Allowed

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 395960.4
  • Parcel #: 71WaterStreetHallowell04347
  • Zoning: Com/Res

Multi Family

  • Number Of Units Total: 51
  • Annual Gross Income: 479000.0
  • Annual Operating Expense: 330000.0

Tax Info

  • Tax Annual Amount: 30000.0
  • Tax Book Number: 10444
  • Tax Lot: 154, 155, 156
  • Tax Map Number: 5
  • Tax Year: 2023

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2024 07/25/24 Sold $3,100,000 -11.4% $96 / Sq Ft
05/18/2024 05/18/24 Pending -- -- --
03/01/2024 03/01/24 For Sale $3,500,000 0.0% $108 / Sq Ft
01/18/2024 01/18/24 Pending -- -- --
01/17/2024 01/17/24 For Sale $3,500,000 -- $108 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1580586

Maine Listings