22 Water St

Waterville, ME 04901

$273,000
Last Sold Price
5
Beds
2,250 Sq. Ft.
$121 / Sq. Ft.
2,250
Sq. Ft.
$121
per Sq. Ft.
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Closed 6/1/26
Closed 6/1/26
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Description

Welcome to 22 Water Street in Waterville. 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...Welcome to 22 Water Street in Waterville. 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
LISTING UPDATED: 06/01/2026 08:12 PM

Property Details for 22 Water Street

StatusClosed
MLS #1655202
Days on Market7
Taxes$4,867 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family
Year Built2015
Lot Size0.08 AC / 3,484 SF
CountyKennebec County
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Location

Listing Courtesy of Rockstar Real Estate

Sold By Rockstar Real Estate

Add your commute

Building Information for 22 Water Street

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

Payment Calculator

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$1,766 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,360

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
  • Construction: Wood Frame
  • Water View2: No
  • Tree Growth YN2: false
Parking
  • Parking Features: Gravel, Paved, 1 - 4 Spaces, Off Street, On Site
  • Attached Garage: No
  • Parking: 1 - 4 Spaces, Off Street, On Site2
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
  • Heat Fuel: Oil
  • Heat System: Baseboard, Hot Water, Zoned
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
  • 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
  • Driveway: Gravel, Paved2
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
  • Water Heater: Electric2
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Frame, Vinyl Siding
  • Vehicle Storage:No Vehicle Storage: Yes
  • Roof: Shingle
  • Patio and Porch Features:Deck: Yes
  • StructureType: Duplex
  • Vehicle Storage: No Vehicle Storage
  • Patio and Porch Features: Deck
  • Basement Entry: Not Applicable
Interior Features
  • Basement: Slab2
  • Flooring: Laminate, Tile, Vinyl
  • Cooling: None
  • Heating: Oil, Baseboard, Hot Water, Zoned
  • Foundation Details: Slab, Poured Concrete
  • 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
  • Amenities: Fence, Laundry - Hookup
Multi Family
Income & Expenses Information
  • Gross Income: $36,000.00
  • Operating Expenses: $8,373.76
  • 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: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
Jun 1, 2026

Sold

Maine Listings #1655202

$273,000—
Mar 31, 2026

Active Under Contract

Maine Listings #1655202

—
Mar 24, 2026

Listed (Active)

Maine Listings #1655202

$268,500—
DateEvent & SourcePrice
06/01/2026

Sold

Maine Listings #1655202

$273,000
03/31/2026

Active Under Contract

Maine Listings #1655202

—
03/24/2026

Listed (Active)

Maine Listings #1655202

$268,500

For completeness, we 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
George J Mitchell School
Public - PK to 3
Albert S Hall School
Public - 4 to 5
Waterville Junior High School
Public - 6 to 8
Waterville Senior High School
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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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. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.