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  • $268,500

    22 Water Street, Waterville, ME 04901

    5beds
    2,250sqft
    : 
    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
    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.
    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#: 1655202MLS Logo

    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
        DateEventPrice
        3/24/2026Listed for sale$268,500+13.3%$119/sqft
        Source: Maine Listings #1655202 Report a problem
        11/17/2023Sold$237,000+3%$105/sqft
        Source: Maine Listings #1573519 Report a problem
        10/11/2023Pending sale$230,000$102/sqft
        Source: Maine Listings #1573519 Report a problem
        9/29/2023Listed for sale$230,000+77.1%$102/sqft
        Source: Maine Listings #1573519 Report a problem
        1/8/2021Sold$129,900$58/sqft
        Source: Maine Listings #1475491 Report a problem
        11/8/2020Listed for sale$129,900$58/sqft
        Source: Keller Williams Realty #1475491 Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax 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

          Getting around

          74 / 100
          Very Walkable
          38 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

          Local experts in 04901

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