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  • Price cut: $15K (5/7)
    $305,000

    36 King Street, Waterville, ME 04901

    5beds
    2,411sqft
    : 
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    Multi Family
    Built in 1920
    -- sqft lot
    $-- Zestimate®
    $127/sqft
    $-- HOA

    What's special

    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!
    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#: 1664844MLS Logo

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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

        DateEventPrice
        5/7/2026Price change$305,000-4.7%$127/sqft
        Source: Maine Listings #1655626 Report a problem
        3/27/2026Listed for sale$320,000+16.4%$133/sqft
        Source: Maine Listings #1655626 Report a problem
        8/19/2025Listing removed$1,400$1/sqft
        Source: Zillow Rentals Report a problem
        7/14/2025Price change$1,400+7.7%$1/sqft
        Source: Zillow Rentals Report a problem
        7/10/2025Listed for rent$1,300$1/sqft
        Source: Zillow Rentals Report a problem
        4/15/2022Sold$275,000-8.3%$114/sqft
        Source: Maine Listings #1517809 Report a problem
        3/11/2022Contingent$300,000$124/sqft
        Source: Maine Listings #1517809 Report a problem
        2/21/2022Price change$300,000-6.3%$124/sqft
        Source: Maine Listings #1517809 Report a problem
        1/12/2022Listed for sale$320,000+71.1%$133/sqft
        Source: Maine Listings #1517809 Report a problem
        6/22/2021Sold$187,000$78/sqft
        Source: Maine Listings #1485454 Report a problem
        4/12/2021Pending sale$187,000$78/sqft
        Source: Maine Listings #1485454 Report a problem
        3/25/2021Listed for sale$187,000$78/sqft
        Source: Maine Listings #1485454 Report a problem

        Public tax history

        YearProperty taxesTax 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

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          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.
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          Climate risks

          Neighborhood: 04901

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