Welcome to 22 Water Street in Waterville. NO SHOWINGS UNTIL OPEN HOUSE 3/29 10:00am-1:00pm. 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.
Active
$268,500
22 Water Street, Waterville, ME 04901
5beds
2,250sqft
Est.:
Multi Family
Built in 2015
-- sqft lot
$266,300 Zestimate®
$119/sqft
$-- HOA
What's special
Abundant natural lightPractical floor plansLow-maintenance exteriorOff-street parkingManageable lot size
- 2 days |
- 441 |
- 22 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: March 24, 2026 at 11:29am
Listed by:
Rockstar Real Estate
Source: Maine Listings,MLS#: 1655202
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard, Hot Water, Zoned
Cooling
- None
Features
- Flooring: Laminate, Tile, Vinyl
Interior area
- Total structure area: 2,250
- Total interior livable area: 2,250 sqft
- Finished area above ground: 2,250
- Finished area below ground: 0
Property
Accessibility
- Accessibility features: 32 - 36 Inch Doors
Features
- Patio & porch: Deck
Lot
- Size: 3,484.8 Square Feet
- Features: Business District
Details
- Parcel number: WAVLM044B317
- Zoning: IND
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Roof: Shingle
Condition
- Year built: 2015
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On
Community & HOA
Location
- Region: Waterville
Financial & listing details
- Price per square foot: $119/sqft
- Tax assessed value: $182,900
- Annual tax amount: $4,867
- Date on market: 3/24/2026
Estimated market value
$266,300
$253,000 - $280,000
$1,894/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/24/2026 | Listed for sale | $268,500+13.3%$119/sqft |
Source: | ||
| 11/17/2023 | Sold | $237,000+3%$105/sqft |
Source: | ||
| 10/11/2023 | Pending sale | $230,000$102/sqft |
Source: | ||
| 9/29/2023 | Listed for sale | $230,000+77.1%$102/sqft |
Source: | ||
| 1/8/2021 | Sold | $129,900$58/sqft |
Source: | ||
| 11/8/2020 | Listed for sale | $129,900$58/sqft |
Source: Keller Williams Realty #1475491 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,658 +0.5% | $182,900 |
| 2023 | $3,640 +57.5% | $182,900 +104.6% |
| 2022 | $2,311 +1.4% | $89,400 |
| 2021 | $2,280 | $89,400 |
| 2020 | $2,280 -1% | $89,400 |
| 2019 | $2,303 +11.1% | $89,400 +9% |
| 2018 | $2,072 +8.3% | $82,000 |
| 2017 | $1,913 +2.3% | $82,000 |
| 2016 | $1,870 +124.2% | $82,000 +173.3% |
| 2015 | $834 +1.5% | $30,000 |
| 2014 | $822 | $30,000 |
| 2013 | $822 +6.8% | $30,000 |
| 2012 | $770 +41.5% | $30,000 +35.9% |
| 2011 | $544 -25% | $22,080 -26.4% |
| 2009 | $725 -1% | $30,000 |
| 2008 | $732 -5.8% | $30,000 |
| 2006 | $777 | $30,000 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,582/mo
Principal & interest
$1354
Property taxes
$228
More affordability tools
Climate risks
Neighborhood: 04901
Nearby schools
GreatSchools rating
- 5/10Albert S Hall SchoolGrades: 4-5Distance: 0.4 mi
- 5/10Waterville Junior High SchoolGrades: 6-8Distance: 1.8 mi
- 4/10Waterville Senior High SchoolGrades: 9-12Distance: 0.7 mi
Local experts in 04901
- Maine
- Kennebec County
- Waterville
- 04901
- 22 Water Street






