3-unit investment opportunity in Waterville with all units vacant and ready for occupancy! A rare chance to set your own rents, choose your own tenants, or owner-occupy while generating rental income. Each apartment occupies its own private floor, offering an attractive layout with a 2-bedroom unit on the first floor and spacious 3-bedroom units on both the second and third floors.
Major capital improvements have already been completed, including a new roof (2 years old), new furnace (Less than 2 years old), new oil tank in 2022, updated electrical panels, plumbing improvements, replacement windows, fresh interior paint, updated trim, cabinets, and flooring. Each unit features its own dedicated storage room located just outside the apartment at the end of the hallway. The full walk-in basement provides laundry hookups, ample utility/storage space, and easy access to building equipment for easy servicing.
With strong rental potential, ongoing updates, and the flexibility of a completely vacant building, this well-maintained multi-family property is an outstanding opportunity for both seasoned investors and owner-occupants alike. Don't miss your chance to add a quality income-producing property to your portfolio.
The seller is finishing up the final cosmetic touches to the building!
Active
Price cut: $30.9K (8/18)
$309,000
4 Sherwin Street, Waterville, ME 04901
8beds
2,800sqft
Multi Family
Built in 1935
-- sqft lot
$300,900 Zestimate®
$110/sqft
$-- HOA
What's special
- 74 days
- 180
- 19
Zillow last checked:
Listing updated:
Listed by:
Hearth & Key Realty 2077133144
Source: Maine Listings,MLS#: 1672190
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Baseboard
Cooling
- None
Features
- Flooring: Carpet, Laminate, Vinyl, Hardwood
- Basement: Exterior Entry,Interior Entry,Walk-Out Access,Full,Brick/Mortar
Interior area
- Total structure area: 2,800
- Total interior livable area: 2,800 sqft
- Finished area above ground: 2,800
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel, 5 - 10 Spaces, Off Street
Features
- Levels: Multi/Split
Lot
- Size: 4,791 Square Feet
- Features: City Lot, Rolling Slope, Sidewalks
Details
- Parcel number: WAVLM044B267
- Zoning: RC
Construction
Type & style
- Home type: MultiFamily
- Architectural style: New Englander
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Roof: Shingle
Condition
- Year built: 1935
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Waterville
Financial & listing details
- Price per square foot: $110/sqft
- Tax assessed value: $94,500
- Annual tax amount: $2,759
- Date on market: 7/16/2026
- Road surface type: Paved
Estimated market value
$300,900
$286,000 - $316,000
$1,602/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/18/2026 | Price change | $309,000-9.1%$110/sqft |
Source: | ||
| 7/16/2026 | Price change | $339,900-15%$121/sqft |
Source: | ||
| 7/8/2026 | Listed for sale | $400,000$143/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,890 +0.5% | $94,500 |
| 2023 | $1,881 +50.6% | $94,500 +95.7% |
| 2022 | $1,249 +1.4% | $48,300 |
| 2021 | $1,232 | $48,300 |
| 2020 | $1,232 -1% | $48,300 |
| 2019 | $1,244 +1.9% | $48,300 |
| 2018 | $1,221 +8.3% | $48,300 |
| 2017 | $1,127 +2.4% | $48,300 |
| 2016 | $1,101 -29.3% | $48,300 -13.8% |
| 2015 | $1,557 +1.5% | $56,000 |
| 2014 | $1,534 | $56,000 |
| 2013 | $1,534 +6.8% | $56,000 |
| 2012 | $1,436 +4.1% | $56,000 |
| 2011 | $1,380 +2.1% | $56,000 |
| 2009 | $1,352 -1% | $56,000 |
| 2008 | $1,366 -5.8% | $56,000 |
| 2006 | $1,450 | $56,000 |
Find assessor info on the county website
Monthly payment
Est. payment





