Closed

$2,900,000

75 Water Street, Hallowell, ME 04347

40beds

45,505sqft

Multi Family

Built in 1860

-- sqft lot

$2,727,200 Zestimate^®

$64/sqft

$-- Estimated rent

Home value

$2,727,200

$2.13M - $3.38M

Not available

Zestimate^® history

Owner options

List your home for rent

Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

Learn more

Refinance and save

$14,725/mo

Est. payment

Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

See today's rates

$14,725/mo

Est. payment

Explore your selling options

Work with a Zillow partner agent

Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

Get started

List with your own agent

Get your home in front of millions of buyers by listing it on Zillow.

Learn how to do it

Sell it yourself

Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

List your home

What's special

Incredible opportunity to secure your future as an area landlord with 45 residential units and 6 commercial units between Augusta, Gardiner, Hallowell, Chelsea, and Edgecomb. Plenty of existing cash flow to start with almost no vacancies currently. Property management in place. This portfolio has huge cash flow growth potential with many rents below market. See attachments for the property details, recent upgrades, and property nuances / specifics. 'Interior Information' in listing is incomplete, please see attachments for full details, disclosures, income/expenses.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 40
Bathrooms: 40
Full bathrooms: 31
1/2 bathrooms: 9

Heating

Baseboard, Direct Vent Furnace, Direct Vent Heater, Forced Air, Heat Pump, Hot Water, Zoned, Radiator

Cooling

Heat Pump

Features

Flooring: Carpet, Concrete, Laminate, Tile, Vinyl, Wood
Basement: Bulkhead,Exterior Entry,Interior Entry,Dirt Floor,Walk-Out Access,Crawl Space,Daylight,Full,Partial,Unfinished

Interior area

Total structure area: 45,505
Total interior livable area: 45,505 sqft
Finished area above ground: 45,505
Finished area below ground: 0

Property

Parking

Total spaces: 8
Parking features: Common, Gravel, Paved, 21+ Spaces, Off Street, On Street, Detached
Garage spaces: 8
Has uncovered spaces: Yes

Features

Levels: Multi/Split
Patio & porch: Deck, Patio, Porch
Body of water: Kennebec River

Lot

Size: 5.47 Acres
Features: Business District, City Lot, Near Shopping, Corner Lot, Level, Sidewalks

Details

Additional structures: Barn(s)
Parcel number: HALLM005L153
Zoning: Downtown

Construction

Type & style

Home type: MultiFamily
Architectural style: Cape Cod,Colonial,Farmhouse,Other,Ranch
Property subtype: Multi Family

Materials

Wood Frame, Brick, Clapboard, Shingle Siding, Vinyl Siding, Wood Siding
Foundation: Block, Stone, Granite, Pillar/Post/Pier, Slab, Brick/Mortar
Roof: Flat,Membrane,Metal,Pitched,Shingle,Slate

Condition

Year built: 1860

Utilities & green energy

Electric: Circuit Breakers
Sewer: Private Sewer, Public Sewer, Septic Tank
Water: Private, Public, Well
Utilities for property: Utilities On

Community & HOA

Location

Region: Hallowell

Financial & listing details

Price per square foot: $64/sqft
Tax assessed value: $198,000
Annual tax amount: $46,502
Date on market: 7/30/2024
Road surface type: Paved

Price history

Date	Event	Price
1/13/2025	Pending sale	$4,801,500$106/sqft
Source: Maine Listings #1598564 Report a problem
1/13/2025	Listed for sale	$4,801,500+65.6%$106/sqft
Source: Maine Listings #1598564 Report a problem
1/9/2025	Sold	$2,900,000-39.6%$64/sqft
Source: Maine Listings #1598564 Report a problem
8/27/2024	Contingent	$4,801,500$106/sqft
Source: Maine Listings #1598564 Report a problem
7/30/2024	Listed for sale	$4,801,500$106/sqft
Source: Maine Listings #1598564 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$3,940 +18.7%	$198,000 +37.5%
2023	$3,319 +3.8%	$144,000
2022	$3,197 +4.2%	$144,000
2021	$3,067	$144,000
2020	$3,067	$144,000
2019	$3,067 +8.1%	$144,000
2018	$2,837	$144,000
2017	$2,837 +4.2%	$144,000
2016	$2,722 +7.4%	$144,000
2015	$2,534	$144,000
2014	$2,534 +2.9%	$144,000
2013	$2,462 +8.9%	$144,000
2012	$2,261 +10.3%	$144,000 +7.5%
2011	$2,050	$134,000