Discover this exceptional tenant-occupied 2-family home in Waterville, perfectly blending owner occupancy or full investment potential with over 31,200 in current annual rental income. Both units are professionally managed by Spectrum Property Management, covering lawn care, snow removal, and maintenance for true hands-off cash flow. The first floor unit welcomes you through a classic front porch entry or a charming side entry. The front porch entry flows into an entry room and convenient laundry area. It features a separate living room and formal dining room with a built-in hutch for timeless elegance, an efficient galley kitchen, and three generous bedrooms for comfortable living. Upstairs, the second unit offers a spacious layout highlighted by a large, modern kitchen, adjacent dining room, and three well-appointed bedrooms for versatile rental appeal. Shared features include dual entry and exit options with a main front staircase to the porch plus private second-floor access. A full unfinished basement provides direct stairs from the first-floor kitchen and an exterior side door from the parking area, ideal for storage or exercise room. The level, expansive side yard is perfect for gatherings and includes a handy storage shed. Live in one, rent the other, or let both units deliver steady income in this prime Waterville location. Schedule your showing today!
Active
Price cut: $15K (5/7)
$305,000
36 King Street, Waterville, ME 04901
5beds
2,411sqft
Multi Family
Built in 1920
-- sqft lot
$-- Zestimate®
$127/sqft
$-- HOA
What's special
- 26 days |
- 327 |
- 12 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Keller Williams Realty 207-240-7771
Source: Maine Listings,MLS#: 1664844
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard, Hot Water, Zoned
Cooling
- None
Features
- 1st Floor Bedroom
- Flooring: Laminate, Vinyl, Wood
- Basement: Doghouse,Interior Entry,Unfinished
Interior area
- Total structure area: 2,411
- Total interior livable area: 2,411 sqft
- Finished area above ground: 2,411
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel, 5 - 10 Spaces
Features
- Levels: Multi/Split
- Patio & porch: Deck, Glassed-in Porch, Porch
Lot
- Size: 7,840 Square Feet
- Features: Business District, Interior Lot, City Lot, Near Country Club, Near Golf Course, Near Shopping, Near Turnpike/Interstate, Near Town, Near Railroad, Level
Details
- Parcel number: WAVLM039B069
- Zoning: RC
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Cape Cod,Chalet,Other
- Property subtype: Multi Family
Materials
- Wood Frame, Aluminum Siding
- Foundation: Stone, Poured Concrete, Brick/Mortar
- Roof: Metal,Pitched,Shingle
Condition
- Year built: 1920
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Waterville
Financial & listing details
- Price per square foot: $127/sqft
- Tax assessed value: $116,500
- Annual tax amount: $3,203
- Date on market: 6/1/2026
- Road surface type: Gravel, Paved, Dirt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/7/2026 | Price change | $305,000-4.7%$127/sqft |
Source: | ||
| 3/27/2026 | Listed for sale | $320,000+16.4%$133/sqft |
Source: | ||
| 8/19/2025 | Listing removed | $1,400$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/14/2025 | Price change | $1,400+7.7%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/10/2025 | Listed for rent | $1,300$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/15/2022 | Sold | $275,000-8.3%$114/sqft |
Source: | ||
| 3/11/2022 | Contingent | $300,000$124/sqft |
Source: | ||
| 2/21/2022 | Price change | $300,000-6.3%$124/sqft |
Source: | ||
| 1/12/2022 | Listed for sale | $320,000+71.1%$133/sqft |
Source: | ||
| 6/22/2021 | Sold | $187,000$78/sqft |
Source: | ||
| 4/12/2021 | Pending sale | $187,000$78/sqft |
Source: | ||
| 3/25/2021 | Listed for sale | $187,000$78/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,330 +0.5% | $116,500 |
| 2023 | $2,318 +53.5% | $116,500 +99.5% |
| 2022 | $1,510 +13.6% | $58,400 +12.1% |
| 2021 | $1,329 | $52,100 |
| 2020 | $1,329 +86.9% | $52,100 |
| 2019 | $711 -12.4% | $52,100 |
| 2018 | $811 -33.2% | $52,100 |
| 2017 | $1,215 +2.3% | $52,100 |
| 2016 | $1,188 -30.4% | $52,100 -15.1% |
| 2015 | $1,707 +1.5% | $61,400 |
| 2014 | $1,682 | $61,400 |
| 2013 | $1,682 +6.8% | $61,400 |
| 2012 | $1,575 +19.5% | $61,400 +14.8% |
| 2011 | $1,318 -11.1% | $53,480 -12.9% |
| 2009 | $1,483 -1% | $61,400 |
| 2008 | $1,498 -5.8% | $61,400 |
| 2006 | $1,590 | $61,400 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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: 04901
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: 0.8 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Maine
- Kennebec County
- Waterville
- 04901
- 36 King Street







