Courtesy: Keller Williams Realty
207-879-9800
Two-unit multifamily property with an opportunity for owner-occupancy or investment. The property includes one 1-2 bedroom, 1-bath unit and one 2-bedroom, 1-bath unit. Conveniently located in Waterville with easy access to shopping, dining, schools, and other local amenities. The property has potential for updates and improvements, making it an opportunity to add value. Whether you're looking to occupy one unit while generating rental income from the other or expand your investment portfolio, this property is worth a look.
Courtesy: Hearth & Key Realty
207-241-2327
3-unit investment opportunity in Waterville with all units vacant and ready for occupancy! A rare chance to set your own rents, choose your own tenants, or owner-occupy while generating rental income. Each apartment occupies its own private floor, offering an attractive layout with a 2-bedroom unit on the first floor and spacious 3-bedroom units on both the second and third floors. Major capital improvements have already been completed, including a new roof (2 years old), new furnace (Less than 2 years old), new oil tank in 2022, updated electrical panels, plumbing improvements, replacement windows, fresh interior paint, updated trim, cabinets, and flooring. Each unit features its own dedicated storage room located just outside the apartment at the end of the hallway. The full walk-in basement provides laundry hookups, ample utility/storage space, and easy access to building equipment for easy servicing. With strong rental potential, ongoing updates, and the flexibility of a completely vacant building, this well-maintained multi-family property is an outstanding opportunity for both seasoned investors and owner-occupants alike. Don't miss your chance to add a quality income-producing property to your portfolio. The seller is finishing up the final cosmetic touches to the building!
Courtesy: Century 21 Nason Realty
207-873-2119
Well-cared for multi-unit in convenient Waterville neighborhood, walking distance to downtown! This building is not a drive-by! All apartments are in good shape & updates done throughout. Owner's unit which is attached to the 3-car garage is a 2 level apartment that is a must see! Features a 2nd floor living room open to an office, a modern kitchen, large primary bedroom, 2 baths & even a deck! Gross income on spec sheet does not include this beautiful turn-key unit. Unit 2 has had a newer kitchen installed & an updated bathroom. Building heats with propane, offers paved parking & so much more! Owner said building has been used as a 6 unit for approximately 25 years. Town of Waterville shows it as a 5-unit. Code Enforcement Officer is aware. For operating expenses see APOD. 48 HOUR NOTICE IS PREFERRED.
Courtesy: EXP Realty
888-439-8743
Turn-key Waterville investment with owner support built in. Three fully renovated, furnished apartments already generating $63,000+ in gross annual income as an established short-term rental business, with the current owners ready to hand you the playbook. New to STR? They'll walk you through the operation, booking systems, guest communication, pricing strategy, and pass along their trusted cleaner and existing operational resources, so you're not starting from zero. Experienced investor? Step into cash flow on day one. Prefer long-term tenants or owner-occupancy? The flexibility is built in. Recent updates include new kitchens, bathrooms, flooring, and in-building laundry, and each unit is self-check-in ready with smart locks and furnishings already in place. Strong guest reviews and repeat bookings reflect steady demand from nearby colleges, a hospital, and business travelers. Five-minute walk to Main Street, five to Colby College. Rarely does a proven income property come with this much built-in support.
Courtesy: EXP Realty
888-439-8743
$50k under appraised value! Great investment opportunity! Motivated seller! This is a solid well maintained property! 1 long term tenant and 1 unit soon to be available. Live in 1 or receive rent on both apartments. The current owner has painted the entire interior of the home, added a brick facade on the exterior, painted the exterior of the garage, added brand new appliances, and has regularly kept up with maintenance. The property is close to all amenities and in a quiet neighborhood. Come take a look!
Courtesy: Keller Williams Realty
207-879-9800
2 unit conveniently located close to local amenities, shopping, restaurants, and schools, this property has flexibility for multi-generational living, rental income potential, or additional guest space. The separate living area provides added privacy and versatility, making it ideal for homeowners or investors alike. Whether you're looking for extra space for family or exploring income-producing possibilities, this property has endless potential in a desirable location.
Courtesy: Keller Williams Realty
207-553-2605
Discover this exceptional tenant-occupied 2-family home in Waterville, perfectly blending owner occupancy or full investment potential with over 31,200 in current annual rental income. Both units are professionally managed by Spectrum Property Management, covering lawn care, snow removal, and maintenance for true hands-off cash flow. The first floor unit welcomes you through a classic front porch entry or a charming side entry. The front porch entry flows into an entry room and convenient laundry area. It features a separate living room and formal dining room with a built-in hutch for timeless elegance, an efficient galley kitchen, and three generous bedrooms for comfortable living. Upstairs, the second unit offers a spacious layout highlighted by a large, modern kitchen, adjacent dining room, and three well-appointed bedrooms for versatile rental appeal. Shared features include dual entry and exit options with a main front staircase to the porch plus private second-floor access. A full unfinished basement provides direct stairs from the first-floor kitchen and an exterior side door from the parking area, ideal for storage or exercise room. The level, expansive side yard is perfect for gatherings and includes a handy storage shed. Live in one, rent the other, or let both units deliver steady income in this prime Waterville location. Schedule your showing today!
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: Coldwell Banker Plourde Real Estate
207-872-7650
Investor? Homeowner? You could be one - or both! In a market where everyone is worried about interest rates, this home offers the perfect financial advantage: it has the proven ability to pay for itself. This charming and well maintained, in-town, two-unit will provide you the opportunity to be a homeowner, and to start your investment portfolio, if you choose to. Or make a worthy addition to your current one. This home has two separate, 2-bedroom, 1-bath units. The first-floor unit has been renovated, providing a spacious and updated bathroom, a modern kitchen with new stainless-steel appliances and heat pumps for efficient cooling and heating. The second unit can also be used as an executive home office, an in-law suite, or let your tenant build your equity for you. The home has a new roof, and a full basement with both interior and walk-out access. Use this area as your personal workshop, storage space, or creative studio. Fittingly, you will have plenty of paved, off-street parking available for you and your tenants. Conveniently located with easy access to I-95, this corner lot is just a short walk to and from downtown Waterville's shops, bars, and restaurants. Going in the other direction... enjoy a walk through a quiet, friendly neighborhood. This is your chance to own an asset; and for the savvy buyer, think bigger. After two years, your documented rental income from this property can be used to help you secure your next investment. Don't just buy a house-invest in a smarter future. Schedule your private showing today and see what it feels like to own the house that pays you back. Investors: Fully rented and ready to start generating income from day one. Homeowners: Live in the spacious downstairs unit, let your tenant build your equity for you.
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: Berkshire Hathaway HomeServices Northeast Real Estate
207-942-8261
Excellent investment opportunity featuring **four residential apartments and two commercial rental spaces** in the heart of downtown Waterville. With six income-producing units under one roof, this well-maintained mixed-use property offers diversified cash flow, long-term appreciation potential, and flexibility for a variety of investment strategies. The residential portion includes **two 1-bedroom apartments, one 3-bedroom apartment, and a spacious 2-bedroom owner's unit overlooking Main Street**. The owner's unit can continue to serve as an owner-occupied residence or be converted into an additional income-producing rental, maximizing revenue potential. The street-level commercial spaces are occupied by **Waterville House of Pizza** and **Soul Revival**, two established businesses that benefit from outstanding Main Street exposure and consistent traffic. The combination of residential and commercial tenants provides multiple income streams while helping reduce investment risk. Ideally located near Colby College, downtown shopping, restaurants, healthcare, and major transportation routes, this property is well positioned to benefit from Waterville's continued growth and revitalization. Investors will appreciate the strong location, established tenancy, and opportunity for future rental income growth. Whether you're adding to an investment portfolio, completing a 1031 exchange, or searching for a mixed-use property with proven income potential, this property deserves your attention. **Possible owner financing may be available to qualified buyers**, providing added flexibility for acquisition. Opportunities to purchase a property offering **four residential rental units, two commercial spaces, diversified income, and a prime downtown location** are increasingly rare.
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 offers newer roof shingles and a boiler, its 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 community, 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. Seller is willing to owner finance.
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.
