Welcome to 20 Preston Street, the perfect-owner occupied opportunity! Enjoy the recently updated first floor unit while the second floor pays the lion's share of the mortgage (if one). First floor unit has had extensive renovations since 2022 including lovely new kitchen, suspended ceilings removed and original ceilings brought back to life, new paint and more. Updated bath, beautiful hardwood floors, double living room/dining room or even a third bedroom?! Enclosed 3-season front porch plus an open porch on the side. Heat pumps in the living room and one bedroom. Beautiful original woodwork throughout. Second floor is a mirror image but has original kitchen cabinetry & carpeted floors. Long-time quality tenant. Basement offers a washer/dryer for each unit, 2 heating systems, 2 new heat pump water heaters & plenty of storage space. 2-car garage & spacious rear yard for an in-town lot. Convenient to just about all amenities. First floor unit has recently been used as a short term rental so heat, water sewer & electricity have been included in the rent. Heat is included for the second floor tenant simply as a convenience. Each unit has their own separate heating & water systems. This is a true gem in a wonderful location!
Closed
$357,000
20 Preston Street, Waterville, ME 04901
4beds
1,976sqft
Multi Family
Built in 1936
-- sqft lot
$362,500 Zestimate®
$181/sqft
$1,807 Estimated rent
Home value
$362,500
$283,000 - $464,000
$1,807/mo
Zestimate® history
Owner options
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$2,254/mo
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List your homeWhat's special
Spacious rear yardExtensive renovationsOriginal kitchen cabinetryBeautiful hardwood floorsCarpeted floorsHeat pumpsLovely new kitchen
Zillow last checked:
Listing updated:
Listed by:
Century 21 Nason Realty
Bought with:
Better Homes & Gardens Real Estate/The Masiello Group
Source: Maine Listings,MLS#: 1618834
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Heat Pump, Hot Water, Radiant, Steam
Cooling
- Heat Pump
Features
- 1st Floor Bedroom, Bathtub, Shower
- Flooring: Carpet, Laminate, Vinyl, Wood
- Doors: Storm Door(s)
- Windows: Double Pane Windows
- Basement: Interior Entry,Walk-Out Access,Full,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 1,976
- Total interior livable area: 1,976 sqft
- Finished area above ground: 1,976
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Paved, 1 - 4 Spaces, On Site, Detached
- Garage spaces: 2
Features
- Levels: Multi/Split
- Stories: 2
- Patio & porch: Porch
Lot
- Size: 6,534 Square Feet
- Features: City Lot, Near Golf Course, Near Shopping, Near Turnpike/Interstate, Neighborhood, Level, Landscaped
Details
- Parcel number: WAVLM038B153
- Zoning: RB
- Other equipment: Cable, Internet Access Available
Construction
Type & style
- Home type: MultiFamily
- Architectural style: New Englander,Other
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Roof: Shingle
Condition
- Year built: 1936
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On
Green energy
- Energy efficient items: Smart Electric Meter
Community & HOA
Location
- Region: Waterville
Financial & listing details
- Price per square foot: $181/sqft
- Tax assessed value: $172,700
- Annual tax amount: $3,454
- Date on market: 4/11/2025
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/13/2025 | Sold | $357,000+2.3%$181/sqft |
Source:  Maine Listings #1618834 Report a problem | ||
| 5/13/2025 | Pending sale | $349,000$177/sqft |
Source: Maine Listings #1618834 Report a problem | ||
| 4/16/2025 | Contingent | $349,000$177/sqft |
Source: Maine Listings #1618834 Report a problem | ||
| 4/11/2025 | Listed for sale | $349,000+55.8%$177/sqft |
Source: Maine Listings #1618834 Report a problem | ||
| 7/28/2022 | Sold | $224,000$113/sqft |
Source: Maine Listings #1531950 Report a problem | ||
| 7/20/2022 | Pending sale | $224,000$113/sqft |
Source: Maine Listings #1531950 Report a problem | ||
| 6/13/2022 | Listing removed | -- |
Source: Maine Listings #1531950 Report a problem | ||
| 6/10/2022 | Listed for sale | $224,000$113/sqft |
Source: Maine Listings #1531950 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,454 +0.5% | $172,700 |
| 2023 | $3,437 +45% | $172,700 +88.3% |
| 2022 | $2,370 +1.4% | $91,700 |
| 2021 | $2,338 | $91,700 |
| 2020 | $2,338 +48% | $91,700 |
| 2019 | $1,580 -4.9% | $91,700 |
| 2018 | $1,660 -22.4% | $91,700 |
| 2017 | $2,139 +2.3% | $91,700 |
| 2016 | $2,091 -1.9% | $91,700 +19.6% |
| 2015 | $2,132 +1.4% | $76,700 |
| 2014 | $2,102 | $76,700 |
| 2013 | $2,102 +6.9% | $76,700 |
| 2012 | $1,967 +16% | $76,700 +11.5% |
| 2011 | $1,695 -8.5% | $68,780 -10.3% |
| 2009 | $1,852 -1% | $76,700 |
| 2008 | $1,871 -5.8% | $76,700 |
| 2006 | $1,987 | $76,700 |
Find assessor info on the county website
Neighborhood: 04901
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Nearby schools
GreatSchools rating
- 5/10Albert S Hall SchoolGrades: 4-5Distance: 0.6 mi
- 5/10Waterville Junior High SchoolGrades: 6-8Distance: 1.4 mi
- 4/10Waterville Senior High SchoolGrades: 9-12Distance: 0.7 mi
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- Maine
- Kennebec County
- Waterville
- 04901
- 20 Preston Street
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