2,250 Sq. Ft.
$119 / Sq. Ft.
2,250
Sq. Ft.
$119
per Sq. Ft.

Description

Welcome to 22 Water Street in Waterville. NO SHOWINGS UNTIL OPEN HOUSE 3/29 10:00am-1:00pm. Turnkey, income-producing two-unit with strong cash flow. Built in 2015, and perfectly positioned in a convenient in-town location, (you can see Lockwood Hotel from the yard!) This well-maintained two-unit property is fully tenanted, offering immediate, reliable income from day one. Each unit features comfortable layouts with generous living spaces, abundant natural light, and practical floor plans that appeal...Welcome to 22 Water Street in Waterville. NO SHOWINGS UNTIL OPEN HOUSE 3/29 10:00am-1:00pm. Turnkey, income-producing two-unit with strong cash flow. Built in 2015, and perfectly positioned in a convenient in-town location, (you can see Lockwood Hotel from the yard!) This well-maintained two-unit property is fully tenanted, offering immediate, reliable income from day one. Each unit features comfortable layouts with generous living spaces, abundant natural light, and practical floor plans that appeal to long-term renters. The property has been consistently occupied, reflecting its desirability and the strength of the local rental market. Key highlights include: Strong, consistent rental income with both units currently leased. Separate living spaces that provide privacy and tenant satisfaction. Low-maintenance exterior and manageable lot size and off-street parking. Prime location near downtown Waterville, shopping, dining, and local employers. Situated just minutes from the vibrant downtown, the property benefits from proximity to Colby College, the Kennebec River waterfront, and ongoing revitalization efforts that continue to enhance the area's appeal and property values. This one checks all the boxes.
  1. Listed by Aaron Spiller • Rockstar Real Estate

Property Details for 22 Water Street

Waterfront
No
ArchitecturalStyle
Other
Garage Spaces
.00
Garage
No
Zoning
IND

Open Houses

Sunday, Mar 29th10:00 AM - 1:00 PM
LISTING UPDATED: 03/24/2026 02:29 PM

Property Details for 22 Water Street

StatusActive
MLS #1655202
Days on MarketListed Today
Taxes$4,867 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family
Year Built2015
Lot Size0.08 AC / 3,484 SF
CountyKennebec County

Location

Listing Courtesy of Rockstar Real Estate
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Building Information for 22 Water Street

Stories-Residences2Year Built2015Building Size-Lot Size0.08 AC / 3,484 SF

Payment Calculator

$1,709 per month

30 year fixed, 6.11% Interest

Principal and Interest

$1,303

Property Taxes

$406

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 22 Water Street

Summary
Location and General Information
  • Road Surface Type: Paved
  • Zip Code: 6576
  • Directions: GPS Accurate
  • Town: Waterville
  • State/Province: ME
  • Zip Code: 04901
  • County: Kennebec
  • Geo Latitude: 44.544812
  • Geo Longitude: -69.632371
  • Tax Lot: 317
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Sidewalks: Yes
  • Location:Business District: Yes
  • Location:Intown: Yes
  • Location:Near Shopping: Yes
  • Location:Near Town: Yes
  • Location:Near Turnpike/Interstate: Yes
  • Location:Retail Strip: Yes
Parking
  • Parking Features: 1 - 4 Spaces, Gravel, Paved, On Site, Off Street
  • Attached Garage: No
Taxes and HOA Information
  • Tax Book Number: 14920
  • Tax Map Number: 44
  • Tax Year: 2025
  • Parcel Number: WAVL-000044-000000-000317
  • Location Information:Association Y/N: No
  • Tax Annual Amount: $4,867.00
Property
Heating and Cooling
  • Water Heater:Electric: No
Lot Information
  • SqFt Finished Below Grade: 0.0
  • SqFt Finished Above Grade: 2250.0
  • Lot Size Acres: 0.08
  • Source of Acreage: Public Records
  • Building Area Total: 2250.0
  • Lot Size Area: 0.08
  • Lot Size Units: Acres
  • Lot Size Square Feet: 3484.8
  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Street Number: 22
  • Property Information:Surveyed: Unknown
  • Property Information:Seasonal: No
  • Property Information:Owner Occupied: No
  • Property Information:Deed/Conveyance Type Offered: Warranty
  • Property Information:Deed: All
  • Property Information:Total Half Baths: .00
  • Property Information:Color: light gray
Parking
  • Driveway:Gravel: Yes
  • Driveway:Paved: Yes
Property and Assessments
  • Sign on Property: Yes
  • Leased Land: No
  • Property Type: Multi-Family
  • Property Type Label: Multi-Family
  • Year Built: 2015
Utilities
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities:Utilities On: Yes
  • Gas:No Gas: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding, Wood Frame
  • Vehicle Storage:No Vehicle Storage: Yes
  • Roof: Shingle
  • Patio and Porch Features:Deck: Yes
Interior Features
  • Basement: Not Applicable
  • Flooring: Vinyl, Tile, Laminate
  • Cooling: None
  • Heating: Zoned, Hot Water, Baseboard
  • Foundation Details: Concrete Perimeter, Slab
  • Accessibility Features: 32 - 36 Inch Doors
  • Laundry Features: Washer Hookup
  • Bathrooms Total (Integer): 2
  • Bathrooms Total (Decimal): 2.00
  • Bathrooms Total (Notational): 2.00
  • Cooling YN: No
  • Heating YN: Yes
Multi Family
Income & Expenses Information
  • Gross Income: $36,000.00
  • Operating Expenses: $8,373.76
Multi-Family Information
  • Number of Units: 2
Unit 1
  • Unit 1:Lease: Yes
  • Unit 1:Level: First
  • Unit 1:Security Deposit: Yes
  • Unit 1:Monthly Rent: $1,300.00
  • Unit 1:# Full Baths: 1.00
  • Unit 1:# of Half Baths: .00
  • Unit 1:# of Rooms: 5.00
  • Unit 1:# of Bedrooms: 2.00
  • Unit 1:Dedicated Electric Meter: Yes
  • Unit 1:Dedicated Gas Meter: No
  • Unit 1:Dedicated Water Heater: Yes
  • Unit 1:Electric: No
  • Unit 1:Heat: Yes
  • Unit 1:Range: Yes
  • Unit 1:Refrigerator: Yes
  • Unit 1:Sewer: Yes
  • Unit 1:Water: Yes
Unit 2
  • Unit 2:Lease: Yes
  • Unit 2:Level: Second
  • Unit 2:Security Deposit: Yes
  • Unit 2:Monthly Rent: $1,700.00
  • Unit 2:# Full Baths: 1.00
  • Unit 2:# Half Baths: .00
  • Unit 2:# of Rooms: 6.00
  • Unit 2:# of Bedrooms: 3.00
  • Unit 2:Dedicated Electric Meter: Yes
  • Unit 2:Dedicated Gas Meter: No
  • Unit 2:Dedicated Water Heater: Yes
  • Unit 2:Electric: No
  • Unit 2:Heat: Yes
  • Unit 2:Range: Yes
  • Unit 2:Refrigerator: Yes
  • Unit 2:Sewer: Yes
  • Unit 2:Water: Yes
Unit 3
  • Unit 3:Range: Yes
  • Unit 3:Sewer: Yes
Unit Information
  • Units:# of 1 BD Units: 0
  • Units:# of 2 BD Units: 1
  • Units:# of 3 BD Units: 1
  • Units:# of 4+ BD Units: 0

Property History for 22 Water Street

DateEvent & SourcePriceAppreciation
Mar 24, 2026

Listed (Active)

Maine Listings #1655202

$268,500
Nov 17, 2023

Sold (Public Record)

Public Record #1522214760

$237,000
Nov 17, 2023

Sold

Maine Listings #1573519

$237,000
Oct 11, 2023

Pending

Maine Listings #1573519

Oct 11, 2023

Active Under Contract

Maine Listings #1573519

Sep 28, 2023

Listed (Active)

Maine Listings #1573519

$230,000
Jan 8, 2021

Sold

Maine Listings #1475491

$129,900
Nov 24, 2020

Pending

Maine Listings #1475491

Nov 23, 2020

Active Under Contract

Maine Listings #1475491

Nov 6, 2020

Listed (Active)

Maine Listings #1475491

$129,900
Mar 17, 2008

Expired

Maine Listings #865540

$29,900
Sep 17, 2007

Listed (Active)

Maine Listings #865540

$29,900
Aug 21, 2007

Expired

Maine Listings #819975

$29,900
Oct 10, 2006

Listed (Active)

Maine Listings #819975

$35,900
Dec 16, 2005

Expired

Maine Listings #752363

$29,999
Jun 16, 2005

Listed (Active)

Maine Listings #752363

$29,999
DateEvent & SourcePrice
03/24/2026

Listed (Active)

Maine Listings #1655202

$268,500
11/17/2023

Sold (Public Record)

Public Record #1522214760

$237,000
11/17/2023

Sold

Maine Listings #1573519

$237,000
10/11/2023

Pending

Maine Listings #1573519

10/11/2023

Active Under Contract

Maine Listings #1573519

09/28/2023

Listed (Active)

Maine Listings #1573519

$230,000
01/08/2021

Sold

Maine Listings #1475491

$129,900
11/24/2020

Pending

Maine Listings #1475491

11/23/2020

Active Under Contract

Maine Listings #1475491

11/06/2020

Listed (Active)

Maine Listings #1475491

$129,900
03/17/2008

Expired

Maine Listings #865540

$29,900
09/17/2007

Listed (Active)

Maine Listings #865540

$29,900
08/21/2007

Expired

Maine Listings #819975

$29,900
10/10/2006

Listed (Active)

Maine Listings #819975

$35,900
12/16/2005

Expired

Maine Listings #752363

$29,999
06/16/2005

Listed (Active)

Maine Listings #752363

$29,999

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 22 Water Street

Taxable ValueLand$8,900Additions$277,400Total$286,300
Tax Record2025$4,867 ($406 / month)
Home Facts
Baths2Total Finished SqFt2,250 SqFtAbove Grade Finished SqFt2,250 SqFtStories2Lot Size3,485 SqFtStyleDuplexYear Built2015CountyKENNEBECAPNWAVL M:044 B:317

Schools near 22 Water Street

This home is within Waterville Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 3
Public - 4 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
George J Mitchell School
PublicPK to 3

Albert S Hall School
Public4 to 5

Waterville Junior High School
Public6 to 8

Waterville Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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22 Water Street is a multi-family home for sale in Waterville, ME 04901. This listing's school district is Waterville Public Schools. Nearby schools include George J Mitchell School, Albert S Hall School and Waterville Junior High School. 22 Water Street is a 5-bed, 2-bath, 2,250 sqft multi-family home built in 2015.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Rockstar Real Estate

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2022 Maine Real Estate Information System, Inc. All Rights Reserved.