This 2-unit duplex offers a fantastic opportunity for those looking to build equity through renovation. Each spacious unit features 2 bedrooms and 1 bath, providing excellent potential for strong rental income once updated. Both units are currently vacant, giving the new owner the flexibility to complete improvements at their own pace and choose tenants. Conveniently located near downtown Waterville, schools, shopping, and I-95, this property is perfect for an investor or owner-occupant ready to put in a little work and reap big rewards. Don't miss this chance to bring new life to a property with great bones and endless potential!
Closed
Zestimate®
$84,000
220 Water Street, Waterville, ME 04901
6beds
2,028sqft
Multi Family
Built in 1880
-- sqft lot
$84,000 Zestimate®
$41/sqft
$1,505 Estimated rent
Home value
$84,000
$74,000 - $95,000
$1,505/mo
Zestimate® history
Loading...
Owner options
List your home for rent
$1,505/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
Learn more$1,505/mo
Rent Zestimate®
Refinance and save
$427/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
See today's rates$427/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: February 12, 2026 at 11:43am
Listed by:
Fontaine Family-The Real Estate Leader 207-784-3800
Bought with:
Fontaine Family-The Real Estate Leader
Source: Maine Listings,MLS#: 1641079
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Hot Water
Cooling
- None
Features
- Flooring: Laminate, Other, Vinyl, Wood
- Basement: Interior Entry
Interior area
- Total structure area: 2,028
- Total interior livable area: 2,028 sqft
- Finished area above ground: 2,028
- Finished area below ground: 0
Property
Features
- Levels: Multi/Split
Lot
- Size: 8,276 sqft
Details
- Parcel number: WAVLM034B067
- Zoning: RC
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Roof: Composition
Condition
- Year built: 1880
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Waterville
Price history
| Date | Event | Price |
|---|---|---|
| 2/12/2026 | Sold | $84,000-11.5%$41/sqft |
Source:  Maine Listings #1641079 Report a problem | ||
| 1/23/2026 | Pending sale | $94,900$47/sqft |
Source: Maine Listings #1641079 Report a problem | ||
| 1/9/2026 | Price change | $94,900-12.9%$47/sqft |
Source: Maine Listings #1641079 Report a problem | ||
| 11/26/2025 | Price change | $109,000-9.1%$54/sqft |
Source: Maine Listings #1641079 Report a problem | ||
| 10/16/2025 | Listed for sale | $119,900+10.2%$59/sqft |
Source: Maine Listings #1641079 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,550 +0.5% | $127,500 |
| 2023 | $2,537 +51.9% | $127,500 +97.4% |
| 2022 | $1,670 +1.4% | $64,600 |
Find assessor info on the county website
Neighborhood: 04901
Nearby schools
GreatSchools rating
- 5/10Albert S Hall SchoolGrades: 4-5Distance: 1 mi
- 5/10Waterville Junior High SchoolGrades: 6-8Distance: 1.2 mi
- 4/10Waterville Senior High SchoolGrades: 9-12Distance: 1.1 mi
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
- Maine
- Kennebec County
- Waterville
- 04901
- 220 Water Street