Courtesy: Listings Direct
207-313-0959
GREAT INVESTMENT OPPORTUNITY - Updated 2-Unit in the Heart of Waterville! Don't miss this strong income-producing opportunity ideally located to schools, parks, shopping, restaurants, and Colby College. This well-maintained and recently updated 2-unit multi-family offers both convenience and excellent rental potential. The property features a total of 7 bedrooms, 4 bathrooms, and approximately 2,800± square feet of living space. Each unit includes updated kitchens and bathrooms, formal dining areas, comfortable living rooms, hardwood floors, enclosed porches, and laundry hookups--making them highly appealing to tenants. Outside, you'll find two garages, a spacious backyard, and ample dedicated parking for all occupants--an added bonus for tenant satisfaction and retention. Whether you're expanding your portfolio or looking to owner-occupy while generating income, this property delivers the ideal combination of location, updates, and long-term value.
Courtesy: OwnerEntry.com
617-542-9300
🏡 Investment Opportunity in Winslow, Maine! 📍 41 Bay St, Winslow, ME 💲 $239,000 Turn-key 2-unit apartment building in a prime in-town location with strong rental potential and low-maintenance ownership appeal. ✅ Recently Renovated ✅ New Heating System ✅ New Asphalt Roof ✅ Updated Lateral/Sewer System ✅ Vinyl Windows Throughout ✅ Large Tenant Parking Area Unit 1 (Downstairs): • Spacious 2-bedroom layout • Large laundry area Unit 2 (Upstairs): • 3-bedroom unit • Washer & dryer hookups Perfect for investors looking for cash flow, owner-occupants wanting rental income, or anyone seeking a solid multi-unit property in a convenient location close to shopping, schools, and amenities. Properties at this price point with major updates already completed don't last long. Schedule your showing today! #WinslowMaine #MaineRealEstate #InvestmentProperty #MultiFamilyHome #RentalIncome #ApartmentBuilding
Courtesy: New England Realty Group LLC
207-714-0435
80 to 88 Elm Street in Waterville offers an outstanding multifamily and commercial opportunity with scale. The property includes three buildings totaling 22 apartment units, plus approximately 2,000 square feet of commercial warehouse space, and a standalone laundromat with a long term lease in place. Located just off downtown Waterville and within Waterville's Opportunity Zone, this asset provides multiple paths to increase income and long term value. Significant recent capital improvements have already been completed, including new separately metered natural gas Rinnai heaters in all 22 apartments, a new roof on 88 Elm St, new gas commercial hot water heaters, and approximately half of the residential units have been recently renovated. Separate electrical meters are also in place. With separate heat and electric metering, a buyer may be able to transition the apartments toward resident paid utilities over time, improving expense control and net operating income. A large shared parking lot supports the residential and commercial components. A TIF is in place and may be able to transfer with the property if the Buyer assumes the current entity, subject to municipal approval and verification. The property may also be a strong candidate for bonus depreciation through a cost segregation study. Exisitng management in place.
Courtesy: Better Homes & Gardens Real Estate/The Masiello Group
207-942-6711
This Iconic Colonial, locally known as the Schoenthaler Homestead, with two units and a total of 5 bedrooms, 3 full baths, and nearly 4,000 sf of finished living is set high on a pastoral 2.43-acre parcel. This charming home is conveniently located near Thomas College, next to the Pine Grove Municipal Golf Course, the shopping at JFK Mall, and all that Downtown Waterville has to offer. A circular driveway begins the peaceful transition that coming to this home creates; and, throughout the home, spacious rooms with high ceilings and tall windows contribute to the comfort and ease. The easterly facing covered side porch welcomes you and is the perfect location to sit outside and greet each new day. A grand eat-in-kitchen that runs the width of the house features a walk-in pantry, a first-floor laundry closet, and a cleverly disguised 2nd stairway. At the back of the home is a handsome family room features a bay window, built-in bookshelves and a brick hearth fireplace; and an attached full bath off this room allows it to easily serve as guests' quarters or a home office to greet clients. The sun-filled formal dining room showcases original tin ceilings and wood floors. Three spacious rooms at the front of the home (with a Jack and Jill bath) could all serve as bedrooms, or as the current owner has it set up with one bedroom, an office, and a den. Currently zoned as a multi-unit, the owner has removed an interior dividing wall in the front hall stairway to return this area of the home to its original grandeur. The second-floor apartment includes a formal dining room, eat-in-kitchen with its own a walk-in pantry and laundry area, and stairs to the walk-up attic. This floor also features a full bath and three spacious flex rooms at the front of the home that could serve as bedrooms, office or den. Need more storage space? The three-car garage with auto door openers offers a walk-up attic. Schedule a showing today to make this gem of a home your own.
Courtesy: Real Broker
207-272-3954
Are you searching for a high-visibility location for your business or a rock solid investment in one of Waterville's busiest corridors? This property on College Avenue delivers both. With plenty of parking and a right of way onto Walnut Street, it offers unbeatable flexibility. The building has already been home to several successful businesses and is ready to be transformed into its next thriving venture. Upstairs you'll find a two bedroom apartment that's currently rented, adding steady income. Whether you want to live above your business, use the entire space for your operation, or simply secure a prime investment, this property checks the boxes. Surrounded by thriving businesses and just minutes from downtown, Colby College, Thomas College, MaineGeneral, and I-95, the location couldn't be better. The possibilities are endless whether you're an entrepreneur launching your vision, an established owner looking to expand, or an investor seeking high demand commercial real estate. Opportunities like this rarely come along. Claim your spot in one of Central Maine's most sought after locations today.
Courtesy: Signature Homes Real Estate Group, LLC
207-885-0500
Welcome to 22 Ash Street, a fantastic turnkey duplex offering exceptional flexibility for both investors and owner occupants. Each unit features two bedrooms with the potential for a third in Unit 1 using the spacious front room, creating added rental appeal and income potential. Recent updates include stylish kitchens with butcher block countertops, durable luxury vinyl plank flooring, and newer heat pumps that provide efficient heating and cooling year round. Tenants enjoy the convenience of in unit washer and dryers and pay their own heat, helping to keep operating expenses low. Unit 2 boasts an inviting back deck, perfect for relaxing or entertaining, while the property offers ample off street parking for residents and guests. Unit 1 is currently vacant, providing an excellent opportunity for immediate owner occupancy or for selecting your next tenant. Ideally located about one mile from I-95 and Waterville's vibrant downtown, and just a short drive to Colby College and Thomas College, this property combines comfort, convenience, and strong rental potential. Don't miss this exciting investment opportunity!
Courtesy: Rockstar Real Estate
207-317-1338
Welcome to 22 Water Street in Waterville. Turnkey, income-producing two-unit with strong cash flow. Built in 2015, and perfectly positioned in a convenient in-town location, (you can see Lockwood Hotel from the yard!) This well-maintained two-unit property is fully tenanted, offering immediate, reliable income from day one. Each unit features comfortable layouts with generous living spaces, abundant natural light, and practical floor plans that appeal to long-term renters. The property has been consistently occupied, reflecting its desirability and the strength of the local rental market. Key highlights include: Strong, consistent rental income with both units currently leased. Separate living spaces that provide privacy and tenant satisfaction. Low-maintenance exterior and manageable lot size and off-street parking. Prime location near downtown Waterville, shopping, dining, and local employers. Situated just minutes from the vibrant downtown, the property benefits from proximity to Colby College, the Kennebec River waterfront, and ongoing revitalization efforts that continue to enhance the area's appeal and property values. This one checks all the boxes.
Courtesy: New England Realty Group LLC
207-714-0435
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.
Courtesy: Real Broker
207-272-3954
Have you been searching for a true cash flow opportunity or the perfect owner-occupied setup where your tenant helps pay the mortgage? This duplex checks all the boxes. It features two massive units with nearly identical layouts, both updated within the last few years. Each unit offers three bedrooms, a kitchen, living room, and a full bathroom. The downstairs unit also features a dining room and a bright sunroom, the perfect spot for your morning coffee. The upstairs unit includes a large entry/mudroom that provides additional storage space. Outside, the large in-town lot offers a one car garage and a spacious fenced in yard, giving kids and pets plenty of room to play safely. The location is equally appealing, just minutes from the rejuvenated downtown Waterville area, the hospital, highway access, local colleges, and the airport. Whether you are building your investment portfolio or looking for a smart way to live in one unit while renting the other, this is an opportunity you will not want to miss!
Courtesy: Real Broker
207-272-3954
Have you been searching for a true cash flow opportunity or the perfect owner-occupied setup where your tenants help pay the mortgage? This three-unit property checks all the boxes. It features a spacious 4 bedroom apartment, a 2 bedroom apartment, and a 1 bedroom apartment, all of which have been remodeled within the past few years along with several additional upgrades throughout the property. The location is equally appealing. It is within walking distance to the rejuvenated downtown Waterville area and only minutes from the hospital, highway, colleges, and airport. Updated and affordable three unit properties are rare in this market and always in high demand. Whether you are building your investment portfolio or looking for a smart way to live in one unit while renting the other two, this is an opportunity you will not want to miss!
Courtesy: Coldwell Banker Plourde Real Estate
207-872-7650
Great opportunity for an income property! The fully rented multi-family offers two units, each with two bedrooms, one bath and laundry as well as plenty of parking. Located just minutes from I-95 for easy commuting and within walking distance to downtown Waterville for shopping, restaurants and entertainment.
Courtesy: Real Broker
207-272-3954
Cash flow opportunity in Waterville! Whether you are looking to expand your portfolio or house hack while building equity, this multi-property package offers serious income potential. Featuring two single family homes plus a spacious two unit with additional value and potential to finish another unit, the possibilities here are strong. Multiple streams of rental income on one property is a rare find. Located in a quiet and convenient area, tenants will appreciate being within walking distance to downtown Waterville and just minutes to the hospital, highway access, Colby College, Thomas College, the airport, and less than 25 minutes to Augusta. Strong rental demand + prime location = smart investment. Opportunities with this kind of income flexibility and upside do not come around often. Run the numbers, schedule your showing, and secure your next cash flowing asset before someone else does!
Courtesy: Coldwell Banker Plourde Real Estate
207-872-7650
This is a great opportunity if you are looking for an owner-occupied residence, rental property or commercial space. The first-floor owner's unit has 3 bedrooms, main suite, and welcoming side porch. Upstairs there is 3-bedroom apartment with 2 baths. The full basement and attached barn/garage offer excellent storage.
Courtesy: Better Homes & Gardens Real Estate/The Masiello Group
207-942-6711
Great Investment opportunity! 2 properties for one price! One, 2 unit apartment building and a single family home next door. Both buildings share the same lot. Apartment building has one 3 bedroom unit and one 2 bedroom unit. 15 Pine is a single family home with 3 bedrooms. Parking on site. Laundry hookups! Full occupancy. Close to town.
Courtesy: Better Homes & Gardens Real Estate/The Masiello Group
207-942-6711
If you are looking to pick up a rental unit, Either Move-in or continue with tenants, this just might be the right one. This well-maintained, cash-flowing three-unit apartment building is located in a convenient residential area. This investment features one spacious 2-bedroom unit plus two comfortable 1-bedroom units. Just minutes to shopping, dining, medical services, and downtown Waterville. Easy access to area schools and employers. Walkable and well-connected — groceries, cafés, banks, parks, and more are all within easy reach. Whether you're expanding your rental portfolio, stepping into multifamily ownership for the first time, or looking to move in and owner-occupy, you won't want to miss this opportunity. Call today!
Courtesy: Coldwell Banker Plourde Real Estate
207-872-7650
Welcome to this partially new repurposed multi unit located in the north end of Waterville. For decades the first floor has operated as a bakery and pizza shop. People from all over knew of Juliette's and raved about the quality of the food and the people that worked there. That use of the building has ended, for now. What is left? A blank slate for the entrepreneur with a vision. Although all of the inventory has been removed, many pieces of equipment have been left to convey with the building. In addition, there are two apartment units above that supply immediate income! Listed as a commercial listing #1650187
Courtesy: Coldwell Banker Plourde Real Estate
207-872-7650
Nicely kept 2 unit in Waterville . Long term tenants . Each unit has 2 bedrooms and 1 bath.
Courtesy: Better Homes & Gardens Real Estate/The Masiello Group
207-782-8311
Beautiful 3-Unit Multi-Family in a Desirable Neighborhood Discover a fantastic investment opportunity with this well-maintained three-unit property located in a highly sought-after, quiet neighborhood. Two of the units are spacious 2-bedroom apartments, each offering generous living areas, abundant natural light, and comfortable layouts perfect for families or long-term tenants. The third unit is a bright and efficient 1-bedroom, ideal for singles, couples, or those seeking a low-maintenance living space. Situated within easy walking distance to the local elementary school and other town amenities this property appeals to renters looking for convenience and a family-friendly setting. The area is known for its well-kept homes, pleasant streets, and strong sense of communityâ€'an ideal location for reliable rental demand. Whether you're an investor seeking strong income potential or an owner-occupant looking to live in one unit while renting the others, this property offers flexibility, value, and lasting appeal. The building offers new roof shingles and a newer heating system.
Courtesy: Tim Dunham Realty
207-729-7297
Excellent Investment Opportunity - Two-Unit Property with Strong Potential This two-unit property presents a fantastic opportunity for investors, contractors, or owner-occupants seeking a value-add project. Situated in a convenient Waterville neighborhood close to shopping, schools, and commuter routes, this property offers solid fundamentals and ample room for improvement. Each unit features a functional layout, providing flexibility for future rental income or multi-generational living. While the building requires repairs and updates, the property's neighborhood setting and structure make it well suited for renovation and long-term return on investment. Property Highlights: Two separate units with strong income potential Convenient neighborhood setting with easy access to amenities Off-street parking Flexible floor plans offering renovation and customization opportunities Priced to reflect needed improvements This is an ideal opportunity to build equity and create value through thoughtful upgrades. Property is being sold as-is. Price is firm.
Courtesy: Hearth & Key Realty
207-241-2327
Discover an exceptional opportunity with this updated multi-family property offering both modern comfort and untapped potential. This property is currently vacant and easy to show, providing the new owners endless opportunities. The home features two spacious units—one fully renovated and move-in ready, and the other primed for the next owner's finishing touches. Unit B offers two bedrooms and one full bath, showcasing a complete renovation that includes new drywall, fresh paint, an all-new kitchen with cabinets and sink, a fully updated bathroom, new flooring throughout, and convenient washer/dryer hookups in the utility room. Unit A includes three-four bedrooms and one bath and has been fully primed and prepped for the next owner. This unit features some new drywall, a new sink with butcher block countertop and vanity, and is awaiting finishing touches to make it your own. Whether you're looking to live in one unit and rent the other, or expand your investment portfolio with strong rental potential, this property offers flexibility and modern improvements. Set up your showing today!
Waterville is located in Maine. Waterville, Maine has a population of 15,872. Waterville is less family-centric than the surrounding county with 20.18% of the households containing married families with children. The county average for households married with children is 24.69%.
The median household income in Waterville, Maine is $41,245. The median household income for the surrounding county is $58,097 compared to the national median of $69,021. The median age of people living in Waterville is 35.7 years.
The average high temperature in July is 79.5 degrees, with an average low temperature in January of 8.1 degrees. The average rainfall is approximately 44.8 inches per year, with 71.2 inches of snow per year.
