Much of the heavy lifting at 31 Kelsey Street is already done - new heating system, new electrical panel, updated plumbing, and sheetrock throughout. The current owner has taken this project as far as they can and is passing the opportunity along at a price that reflects the work remaining.
Three floors provide 3-4 bedrooms, 2 baths, a den, family room, and dedicated laundry. Currently configured as a single-family, the layout lends itself easily to a two-unit conversion for an investor looking to maximize return.
Basement stabilization is needed and contractor quotes are in hand, so you can underwrite this one with real numbers rather than guesswork. The transition and barn are at the end of their life and priced as teardowns (seller has quote) - they've been deliberately left standing so the grandfathered footprint remains available to a purchaser who wants to build back or expand into that space.
This is a project, not a flip-and-list weekend. But for a developer or investor with a crew and a plan, the math here is hard to beat. Sold as-is.
Active
$249,000
31 Kelsey Street, Waterville, ME 04901
5beds
2,081sqft
Single Family Residence
Built in 1886
9,147 Square Feet Lot
$244,100 Zestimate®
$120/sqft
$-- HOA
What's special
Dedicated laundryThree floorsFamily room
- 23 days |
- 473 |
- 14 |
Zillow last checked:
Listing updated:
Listed by:
Portside Real Estate Group
Source: Maine Listings,MLS#: 1673655
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Bedroom 1
- Level: Second
Bedroom 3
- Level: Third
Bedroom 4
- Level: Third
Den
- Level: First
Dining room
- Level: First
Kitchen
- Level: First
Laundry
- Level: First
Other
- Level: First
Other
- Level: Second
Heating
- Hot Water
Cooling
- None
Features
- Flooring: Carpet, Laminate, Vinyl, Wood, Hardwood
- Basement: Bulkhead,Brick/Mortar
- Number of fireplaces: 1
Interior area
- Total structure area: 2,081
- Total interior livable area: 2,081 sqft
- Finished area above ground: 2,081
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel, Other, Paved, 1 - 4 Spaces
Features
- Levels: Multi/Split
Lot
- Size: 9,147 Square Feet
- Features: Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Level, Open Lot
Details
- Parcel number: WAVLM057B140
- Zoning: RC
Construction
Type & style
- Home type: SingleFamily
- Architectural style: New Englander,Other
- Property subtype: Single Family Residence
Materials
- Wood Frame, Aluminum Siding, Clapboard, Wood Siding
- Foundation: Brick/Mortar
- Roof: Shingle
Condition
- Year built: 1886
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Waterville
Financial & listing details
- Price per square foot: $120/sqft
- Tax assessed value: $131,700
- Annual tax amount: $2,179
- Date on market: 7/27/2026
- Road surface type: Paved
Estimated market value
$244,100
$232,000 - $256,000
$2,210/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/27/2026 | Listed for sale | $249,000+156.7%$120/sqft |
Source:  Maine Listings #1673655 Report a problem | ||
| 10/24/2024 | Sold | $97,000-7.6%$47/sqft |
Source: Maine Listings #1603357 Report a problem | ||
| 10/7/2024 | Pending sale | $105,000$50/sqft |
Source: Maine Listings #1603357 Report a problem | ||
| 9/11/2024 | Listed for sale | $105,000-21%$50/sqft |
Source: Maine Listings #1603357 Report a problem | ||
| 12/21/2012 | Listing removed | $132,900$64/sqft |
Source: CENTURY 21 Nason Realty, Inc. #1043731 Report a problem | ||
| 9/5/2012 | Price change | $132,900-0.7%$64/sqft |
Source: CENTURY 21 Nason Realty, Inc. #1043731 Report a problem | ||
| 8/28/2012 | Price change | $133,900-2.9%$64/sqft |
Source: CENTURY 21 Nason Realty, Inc. #1043731 Report a problem | ||
| 3/7/2012 | Listed for sale | $137,900$66/sqft |
Source: Century 21 Nason Realty Inc #1043731 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,634 -27.2% | $131,700 -27.5% |
| 2023 | $3,616 +44.9% | $181,700 +88.3% |
| 2022 | $2,495 +1.4% | $96,500 |
| 2021 | $2,461 | $96,500 |
| 2020 | $2,461 +32.7% | $96,500 |
| 2019 | $1,855 -4.1% | $96,500 |
| 2018 | $1,933 -14.1% | $96,500 |
| 2017 | $2,251 +2.3% | $96,500 |
| 2016 | $2,200 -3.5% | $96,500 +17.7% |
| 2015 | $2,280 +1.5% | $82,000 |
| 2014 | $2,247 | $82,000 |
| 2013 | $2,247 +6.8% | $82,000 |
| 2012 | $2,103 +15.2% | $82,000 +10.7% |
| 2011 | $1,826 -7.8% | $74,080 -9.7% |
| 2009 | $1,980 -1% | $82,000 |
| 2008 | $2,001 -5.8% | $82,000 |
| 2006 | $2,124 | $82,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 04901
Nearby schools
GreatSchools rating
- 3/10George J Mitchell SchoolGrades: PK-3Distance: 0.3 mi
- 5/10Waterville Junior High SchoolGrades: 6-8Distance: 2.6 mi
- 4/10Waterville Senior High SchoolGrades: 9-12Distance: 0.8 mi
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