INVESTORS TAKE NOTE! Affordable 2-unit property in Waterville offering flexibility for both owner-occupants and investors. Previously owner-occupied, the vacant first-floor unit provides an opportunity to move in while receiving rental income from the occupied upstairs unit. For investors, renting both units could provide two sources of rental income. Please note income reflex only the upstairs unit and the expenses are estimated. The first-floor unit features 3 bedrooms and 1 bath, while the upstairs unit offers 2 bedrooms. Two porches provide additional outdoor space, and off-street parking adds everyday convenience. Enjoy an in-town location within walking distance of the Alfond Youth & Community Center, offering pools, a playground, courts, and recreation opportunities. Downtown Waterville restaurants, shopping, and local amenities are also just a short distance away. Whether you are a first-time buyer interested in rental income potential or an investor looking to add a value-add multi-unit property to your portfolio, this Waterville 2-unit offers an affordable opportunity with room to build equity and make it your own.
Pending
$99,800
7 Elmwood Avenue, Waterville, ME 04901
5beds
1,728sqft
Multi Family
Built in 1930
-- sqft lot
$-- Zestimate®
$58/sqft
$-- HOA
What's special
- 25 days
- 733
- 73
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
OWN REAL ESTATE kimhawkes@ownrealestate.me
Source: Maine Listings,MLS#: 1680008
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard, Blowers, Forced Air, Hot Water
Cooling
- None
Features
- 1st Floor Bedroom, Bathtub, Shower
- Flooring: Carpet, Vinyl, Wood
- Basement: Interior Entry,Full,Unfinished,Brick/Mortar
- Has fireplace: No
Interior area
- Total structure area: 1,728
- Total interior livable area: 1,728 sqft
- Finished area above ground: 1,728
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Parking features: Common, Gravel, 1 - 4 Spaces
Features
- Stories: 2
- Patio & porch: Porch
Lot
- Size: 5,227 Square Feet
- Features: City Lot, Near Shopping, Neighborhood, Open Lot
Details
- Additional structures: Shed(s)
- Parcel number: WAVLM052B170
- Zoning: RB
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Cape Cod
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Foundation: Poured Concrete, Brick/Mortar
- Roof: Shingle
Condition
- Year built: 1930
Utilities & green energy
- Electric: Circuit Breakers, Fuses
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Waterville
Financial & listing details
- Price per square foot: $58/sqft
- Tax assessed value: $111,200
- Annual tax amount: $2,344
- Date on market: 9/28/2026
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/28/2026 | Pending sale | $99,800$58/sqft |
Source: | ||
| 9/28/2026 | Listed for sale | $99,800$58/sqft |
Source: | ||
| 9/16/2026 | Pending sale | $99,800$58/sqft |
Source: | ||
| 9/10/2026 | Listed for sale | $99,800$58/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,224 +0.5% | $111,200 |
| 2023 | $2,213 +44.8% | $111,200 +88.2% |
| 2022 | $1,528 +1.4% | $59,100 |
| 2021 | $1,507 | $59,100 |
| 2020 | $1,507 +69.1% | $59,100 |
| 2019 | $891 -9.8% | $59,100 |
| 2018 | $988 -28.3% | $59,100 |
| 2017 | $1,379 +2.4% | $59,100 |
| 2016 | $1,347 -6.5% | $59,100 +14.1% |
| 2015 | $1,440 +1.5% | $51,800 |
| 2014 | $1,419 | $51,800 |
| 2013 | $1,419 +6.8% | $51,800 |
| 2012 | $1,329 +22.8% | $51,800 +18% |
| 2011 | $1,082 -13.5% | $43,880 -15.3% |
| 2009 | $1,251 -1% | $51,800 |
| 2008 | $1,264 -5.8% | $51,800 |
| 2006 | $1,342 | $51,800 |
Find assessor info on the county website
Monthly payment
Est. payment






