Estimated payment $3,251/month
Highlights
- No HOA
- Baseboard Heating
- High-Rise Condominium
- Cooling Available
- Carpet
About This Home
Major renovations completed in 2020 make this a turnkey investment with no significant deferred maintenance concerns for years to come. The first floor offers a retail space on Main Street with excellent visibility, while the fully furnished second and third floor apartments have been successfully operated as short term rentals with strong demand, a proven track record, and future bookings already extending into 2027. Considered a guest favorite on Airbnb with seventeen 5 star reviews. Located across from the Opera House and just minutes from Colby College and Thomas College, this ideally situated property appeals to visitors, college parents, and downtown guests alike. Set in the heart of Waterville's expanding downtown, this is a strong mixed use investment opportunity with multiple income streams.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,675
Year Built
- Built in 1900
Lot Details
- 1,307 Sq Ft Lot
Home Design
- Rolled or Hot Mop Roof
- Membrane Roofing
Interior Spaces
- 2 Full Bathrooms
- 3,396 Sq Ft Home
- Interior Basement Entry
Flooring
- Carpet
- Laminate
Utilities
- Cooling Available
- Heat Pump System
- Baseboard Heating
- Hot Water Heating System
Listing and Financial Details
- Tax Lot 167
- Assessor Parcel Number WAVL-000044-000000-000167
Community Details
Overview
- No Home Owners Association
- 2 Units
- High-Rise Condominium
Building Details
- Operating Expense $23,680
- Gross Income $68,052
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 | $3,675 | $216,200 | $41,800 | $174,400 |
| 2024 | $3,254 | $162,700 | $34,500 | $128,200 |
| 2023 | $3,238 | $162,700 | $34,500 | $128,200 |
| 2022 | $2,546 | $98,500 | $19,500 | $79,000 |
| 2021 | $2,321 | $91,000 | $19,500 | $71,500 |
| 2020 | $2,344 | $91,000 | $19,500 | $71,500 |
| 2019 | $2,344 | $91,000 | $19,500 | $71,500 |
| 2018 | $2,300 | $91,000 | $19,500 | $71,500 |
| 2017 | $2,123 | $91,000 | $19,500 | $71,500 |
| 2016 | $2,075 | $91,000 | $19,500 | $71,500 |
| 2015 | $2,483 | $89,300 | $22,400 | $66,900 |
| 2014 | $2,447 | $89,300 | $22,400 | $66,900 |
| 2013 | $2,447 | $89,300 | $22,400 | $66,900 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/23/2026 03/23/26 | For Sale | $559,900 | -- | $165 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $180,000 | Commercial | |
| Closed | $180,000 | Commercial |
Source: Maine Listings
MLS Number: 1655154
APN: WAVL-000044-000000-000167
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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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