Closed

$210,000

228 Water Street, Hallowell, ME 04347

4beds

1,260sqft

Multi Family

Built in 1850

-- sqft lot

$385,000 Zestimate^®

$167/sqft

$1,573 Estimated rent

Home value

$385,000

$366,000 - $404,000

$1,573/mo

Zestimate^® history

Owner options

List your home for rent

$1,573/mo

Rent Zestimate^®

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$1,573/mo

Rent Zestimate^®

Refinance and save

$1,066/mo

Est. payment

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$1,066/mo

Est. payment

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What's special

Magnificent Property. Two-bedroom duplex with great rental history. First floor unit rent is $2000, second floor unit is $1600. New natural gas furnace, new roof, vinyl siding plus Kennebec River frontage with tremendous views of the river and all the wildlife the river has to offer. Walking distance to Historic Hallowell, galleries, shops and restaurants, excellent parking, views and waterfront opportunities. Possible owner financing available.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Heating

Direct Vent Furnace

Cooling

None

Features

Flooring: Laminate
Basement: Exterior Entry,Partial

Interior area

Total structure area: 1,260
Total interior livable area: 1,260 sqft
Finished area above ground: 1,260
Finished area below ground: 0

Property

Parking

Parking features: Gravel, 1 - 4 Spaces, Off Street

Features

Body of water: Kennebec River
Frontage length: Waterfrontage: 156,Waterfrontage Owned: 156

Lot

Size: 0.29 Acres
Features: Business District, City Lot, Level, Open Lot

Details

Parcel number: HALLM009L190
Zoning: Dowtown

Construction

Type & style

Home type: MultiFamily
Architectural style: Cape Cod
Property subtype: Multi Family

Materials

Wood Frame, Clapboard
Roof: Shingle

Condition

Year built: 1850

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public
Utilities for property: Utilities On

Community & neighborhood

Location

Region: Hallowell

Other

Other facts

Road surface type: Paved

Price history

Date	Event	Price
3/24/2026	Listing removed	$399,000$317/sqft
Source: Maine Listings #1638864 Report a problem
3/6/2026	Price change	$399,000-6.1%$317/sqft
Source: Maine Listings #1638864 Report a problem
9/25/2025	Listed for sale	$425,000+102.4%$337/sqft
Source: Maine Listings #1638864 Report a problem
2/9/2024	Sold	$210,000-44%$167/sqft
Source: Maine Listings #1555039 Report a problem
1/18/2024	Pending sale	$375,000$298/sqft
Source: Maine Listings #1555039 Report a problem
11/30/2023	Listing removed	--
Source: Maine Listings #1555039 Report a problem
6/6/2023	Price change	$375,000-31.7%$298/sqft
Source: Maine Listings #1555039 Report a problem
3/31/2023	Listed for sale	$549,000+161.4%$436/sqft
Source: Maine Listings #1555039 Report a problem
8/7/2015	Sold	$210,000$167/sqft
Source: Maine Listings #1215335 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$4,004 +18.6%	$201,200 +37.4%
2023	$3,375 +3.8%	$146,400
2022	$3,250 +4.2%	$146,400
2021	$3,118	$146,400
2020	$3,118	$146,400
2019	$3,118 +8.1%	$146,400
2018	$2,884	$146,400
2017	$2,884 +4.2%	$146,400
2016	$2,767 +7.4%	$146,400
2015	$2,577	$146,400
2014	$2,577	$146,400