Turn-key Waterville investment with owner support built in. Three fully renovated, furnished apartments already generating $63,000+ in gross annual income as an established short-term rental business, with the current owners ready to hand you the playbook. New to STR? They'll walk you through the operation, booking systems, guest communication, pricing strategy, and pass along their trusted cleaner and existing operational resources, so you're not starting from zero. Experienced investor? Step into cash flow on day one. Prefer long-term tenants or owner-occupancy? The flexibility is built in. Recent updates include new kitchens, bathrooms, flooring, and in-building laundry, and each unit is self-check-in ready with smart locks and furnishings already in place. Strong guest reviews and repeat bookings reflect steady demand from nearby colleges, a hospital, and business travelers. Five-minute walk to Main Street, five to Colby College. Rarely does a proven income property come with this much built-in support.
Active
$389,900
34 Western Avenue, Waterville, ME 04901
3beds
2,741sqft
Multi Family
Built in 1900
-- sqft lot
$373,200 Zestimate®
$142/sqft
$-- HOA
What's special
Furnishings already in placeFurnished apartmentsNew kitchensIn-building laundry
- 45 days |
- 311 |
- 33 |
Zillow last checked:
Listing updated:
Listed by:
EXP Realty
Source: Maine Listings,MLS#: 1670280
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Baseboard, Forced Air, Zoned
Cooling
- None
Features
- Storage
- Flooring: Wood, Luxury Vinyl
- Basement: Interior Entry,Unfinished
- Furnished: Yes
Interior area
- Total structure area: 2,741
- Total interior livable area: 2,741 sqft
- Finished area above ground: 2,741
- Finished area below ground: 0
Property
Parking
- Parking features: Paved, 5 - 10 Spaces
Features
- Levels: Multi/Split
- Stories: 2
- Patio & porch: Porch
- On waterfront: Yes
- Body of water: Messalonskee Stream
- Frontage length: Waterfrontage: 85,Waterfrontage Owned: 85
Lot
- Size: 0.4 Acres
- Features: City Lot, Level, Open Lot
Details
- Additional structures: Barn(s)
- Parcel number: WAVLM044B031
- Zoning: RD
Construction
Type & style
- Home type: MultiFamily
- Architectural style: New Englander
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Foundation: Stone, Granite
- Roof: Metal,Pitched,Shingle
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Waterville
Financial & listing details
- Price per square foot: $142/sqft
- Tax assessed value: $144,300
- Annual tax amount: $3,221
- Date on market: 7/4/2026
Estimated market value
$373,200
$355,000 - $392,000
$1,452/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/4/2026 | Listed for sale | $389,900$142/sqft |
Source:  Maine Listings #1670280 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,886 +0.5% | $144,300 |
| 2023 | $2,872 +1.7% | $144,300 +32% |
| 2022 | $2,825 +1.4% | $109,300 |
| 2021 | $2,787 | $109,300 |
| 2020 | $2,787 -1% | $109,300 |
| 2019 | $2,816 +1.9% | $109,300 |
| 2018 | $2,762 +8.3% | $109,300 |
| 2017 | $2,550 +2.3% | $109,300 |
| 2016 | $2,492 +1.1% | $109,300 +23.2% |
| 2015 | $2,466 +1.5% | $88,700 |
| 2014 | $2,430 | $88,700 |
| 2013 | $2,430 +6.8% | $88,700 |
| 2012 | $2,275 +4.1% | $88,700 |
| 2011 | $2,186 +2.1% | $88,700 |
| 2009 | $2,142 -1% | $88,700 |
| 2008 | $2,164 -5.8% | $88,700 |
| 2006 | $2,297 | $88,700 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 04901
Nearby schools
GreatSchools rating
- 5/10Albert S Hall SchoolGrades: 4-5Distance: 0.2 mi
- 5/10Waterville Junior High SchoolGrades: 6-8Distance: 1.7 mi
- 4/10Waterville Senior High SchoolGrades: 9-12Distance: 0.4 mi
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- $1,1001 bd1 ba-- sqft30 Western Ave #3, Waterville, ME 04901For Rent
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A local agent can set up tours, give advice and negotiate with sellers.
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