This property has great income potential. A very unique 5 unit that has three 3 bedroom units and one of those has 2 baths. 12 total bedrooms, which can certainly generate great revenue. Many of the units have beautiful hardwood floors, updated kitchen and living space and they all have ample storage and lots of room. All units are occupied, but the seller will vacate at closing, to open up the 3 bedroom, two bath unit...if the buyer wants to live on premises. Rent could be increased to be in line with the local rental market. The seller has owned and occupied the property for 47 years.
Closed
$317,000
366 Water Street, Skowhegan, ME 04976
12beds
--baths
4,875sqft
Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
$65/sqft
$2,054 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,054/mo
Zestimate® history
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List your homeWhat's special
Ample storageLots of roomBeautiful hardwood floorsUpdated kitchen
Zillow last checked:
Listing updated:
Listed by:
EXP Realty
Bought with:
EXP Realty
Source: Maine Listings,MLS#: 1578431
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
Heating
- Baseboard
Cooling
- Wall/Window Unit(s)
Features
- 1st Floor Bedroom, One-Floor Living, Pantry, Storage, Walk-In Closet(s)
- Flooring: Vinyl, Wood
- Basement: Interior Entry,Other,Partial,Unfinished,Brick/Mortar
Interior area
- Total structure area: 4,875
- Total interior livable area: 4,875 sqft
- Finished area above ground: 4,875
- Finished area below ground: 0
Property
Parking
- Parking features: Paved, 5 - 10 Spaces
Lot
- Size: 9,583 Square Feet
- Features: City Lot, Near Shopping, Level, Open Lot, Rolling Slope
Details
- Additional structures: Outbuilding, Shed(s)
- Parcel number: SKOWM29B212
- Zoning: Urban
Construction
Type & style
- Home type: MultiFamily
- Architectural style: New Englander,Other
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Foundation: Slab, Granite, Brick/Mortar
- Roof: Metal
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On
Community & HOA
Location
- Region: Skowhegan
Financial & listing details
- Price per square foot: $65/sqft
- Tax assessed value: $181,200
- Annual tax amount: $2,120
- Date on market: 12/1/2023
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 12/30/2023 | Sold | $317,000-17.7%$65/sqft |
Source:  Maine Listings #1578431 Report a problem | ||
| 12/4/2023 | Pending sale | $385,000$79/sqft |
Source: Maine Listings #1578431 Report a problem | ||
| 12/1/2023 | Listed for sale | $385,000$79/sqft |
Source: Maine Listings #1578431 Report a problem | ||
| 11/28/2023 | Listing removed | -- |
Source: Maine Listings #1564712 Report a problem | ||
| 11/4/2023 | Contingent | $385,000$79/sqft |
Source: Maine Listings #1564712 Report a problem | ||
| 8/15/2023 | Price change | $385,000-3.4%$79/sqft |
Source: Maine Listings #1564712 Report a problem | ||
| 7/9/2023 | Listed for sale | $398,500$82/sqft |
Source: Maine Listings #1564712 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,274 +1% | $181,200 -1% |
| 2023 | $3,243 +26.8% | $183,000 +25.1% |
| 2022 | $2,557 +10% | $146,300 +15.5% |
| 2021 | $2,325 | $126,700 |
| 2020 | $2,325 +6.5% | $126,700 |
| 2019 | $2,184 -5.3% | $126,700 |
| 2018 | $2,306 -9% | $126,700 |
| 2017 | $2,534 +15.6% | $126,700 +10.1% |
| 2016 | $2,192 +4.1% | $115,100 |
| 2015 | $2,106 +6.7% | $115,100 |
| 2014 | $1,974 +4.6% | $115,100 |
| 2013 | $1,888 +1.2% | $115,100 |
| 2012 | $1,865 +11.9% | $115,100 +9.5% |
| 2011 | $1,667 +5% | $105,100 +2.9% |
| 2009 | $1,587 -7% | $102,100 -4% |
| 2008 | $1,706 | $106,300 |
Find assessor info on the county website
Neighborhood: 04976
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Nearby schools
GreatSchools rating
- 5/10Margaret Chase Smith School-SkowheganGrades: 4-5Distance: 0.1 mi
- 5/10Skowhegan Area Middle SchoolGrades: 6-8Distance: 1.6 mi
- 5/10Skowhegan Area High SchoolGrades: 9-12Distance: 1.6 mi
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- Maine
- Somerset County
- Skowhegan
- 04976
- 366 Water Street
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