Excellent value-add investment opportunity at 335 Water Street in Gardiner, Maine. This mixed-use commercial property offers approximately 2,714± square feet configured as two residential apartments and one ground-level retail/commercial unit, creating multiple income streams under one roof. Strategically located along busy Water Street in Gardiner's downtown corridor, the property benefits from strong visibility, steady traffic counts, and convenient access to local shops, restaurants, and major commuter routes. The combination of residential and commercial tenancy provides investors with diversified cash flow and long-term upside potential. Constructed circa 1900 with classic brick/masonry character, this stand-alone building offers the charm tenants appreciate with the opportunity for continued improvements and rental growth. Ideal for an investor seeking to expand a portfolio with a mixed-use asset in a growing central Maine market. Whether you are looking for immediate income or future appreciation potential, 335 Water Street presents an attractive opportunity to own a three-unit investment property in the heart of Gardiner. Roof, Furnace & AC unit all new within the last 3-4 years Retail and Apartment 1 to be delivered vacant
Pending
$375,000
335 Water Street, Gardiner, ME 04345
2beds
5,428sqft
Multi Family
Built in 1900
-- sqft lot
$352,800 Zestimate®
$69/sqft
$-- HOA
What's special
Strong visibilityStand-alone building
- 66 days |
- 352 |
- 25 |
Zillow last checked:
Listing updated:
Listed by:
CORE
Source: Maine Listings,MLS#: 1660516
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Baseboard
Cooling
- Central Air
Features
- Flooring: Hardwood
- Basement: Exterior Entry,Interior Entry,Daylight,Brick/Mortar
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 5,428
- Total interior livable area: 5,428 sqft
- Finished area above ground: 2,714
- Finished area below ground: 2,714
Property
Parking
- Parking features: No Driveway, None
Features
- Body of water: kennebec
Lot
- Size: 1,306 Square Feet
- Features: Business District, Historic District, Level
Details
- Parcel number: GARRM037B110
- Zoning: 17
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Masonry, Brick
- Foundation: Poured Concrete, Brick/Mortar
- Roof: Membrane
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Gardiner
Financial & listing details
- Price per square foot: $69/sqft
- Tax assessed value: $156,500
- Annual tax amount: $4,116
- Date on market: 5/4/2026
- Road surface type: Paved
Estimated market value
$352,800
$335,000 - $370,000
$1,224/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/29/2026 | Pending sale | $375,000$69/sqft |
Source: | ||
| 5/4/2026 | Listed for sale | $375,000$69/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,006 +16% | $156,500 +7.4% |
| 2023 | $3,453 +6.7% | $145,700 |
| 2022 | $3,235 +2.3% | $145,700 |
| 2021 | $3,162 | $145,700 |
| 2020 | $3,162 | $145,700 |
| 2019 | $3,162 +1.4% | $145,700 |
| 2018 | $3,118 +0.1% | $145,700 +2.9% |
| 2017 | $3,115 +2.3% | $141,600 |
| 2016 | $3,044 -0.5% | $141,600 |
| 2015 | $3,059 +4.9% | $141,600 |
| 2014 | $2,917 | $141,600 -19.3% |
| 2008 | -- | $175,500 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 04345
Nearby schools
GreatSchools rating
- NALaura E Richards SchoolGrades: PK-2Distance: 0.8 mi
- 5/10Gardiner Regional Middle SchoolGrades: 6-8Distance: 1.7 mi
- 5/10Gardiner Area High SchoolGrades: 9-12Distance: 0.7 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Maine
- Kennebec County
- Gardiner
- 04345
- 335 Water Street






