228 Water St

1,260 Sq. Ft.
$167 / Sq. Ft.
1,260
Sq. Ft.
$167
per Sq. Ft.

Description

Magnificent Property. Two-bedroom duplex with great rental history. First floor unit rent is $2000, second floor unit is $1600. New natural gas furnace, new roof, vinyl siding plus Kennebec River frontage with tremendous views of the river and all the wildlife the river has to offer. Walking distance to Historic Hallowell, galleries, shops and restaurants, excellent parking, views and waterfront opportunities. Possible owner financing available.Magnificent Property. Two-bedroom duplex with great rental history. First floor unit rent is $2000, second floor unit is $1600. New natural gas furnace, new roof, vinyl siding plus Kennebec River frontage with tremendous views of the river and all the wildlife the river has to offer. Walking distance to Historic Hallowell, galleries, shops and restaurants, excellent parking, views and waterfront opportunities. Possible owner financing available.
  1. Listed by Kimberly Gleason • McAllister Real Estate

Property Details for 228 Water Street

Waterfront
Yes
Waterfront Features
River
ArchitecturalStyle
Cape
Garage
No
Zoning
Dowtown
LISTING UPDATED: 01/13/2025 10:13 PM

Property Details for 228 Water Street

StatusClosed
MLS #1555039
Days on Market270
Taxes$3,627 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family
Year Built1850
Lot Size0.29 AC / 12,632 SF
CountyKennebec County

Location

Listing Courtesy of McAllister Real Estate

Sold By McAllister Real Estate

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Building Information for 228 Water Street

Stories-Residences2Year Built1850Building Size-Lot Size0.29 AC / 12,632 SF

Payment Calculator

$1,360 per month

30 year fixed, 6.46% Interest

Principal and Interest

$1,057

Property Taxes

$302

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 228 Water Street

Summary
Location and General Information
  • Road Surface Type: Paved
  • Water Body Name: Kennebec River
  • Zip Code: 1335
  • Directions: 228 Water St. in Hallowell directly next to the Boat Landing.
  • Town: Hallowell
  • State/Province: ME
  • Zip Code: 04347
  • County: Kennebec
  • Geo Latitude: 44.282491
  • Geo Longitude: -69.79125
  • Tax Lot: 190,192
  • Site:Level: Yes
  • Site:Open: Yes
  • Location:Business District: Yes
  • Location:Intown: Yes
  • Water Info:Waterfront Amount +: 156.00
  • Water Info:Water Frontage Owned: 156.00
  • Water Info:Water Frontage Shared: .00
  • Source of Water Frontage:Deed: Yes
  • Source of Water Frontage:Public Records: Yes
  • Construction: Wood Frame
  • Water View2: Yes
Parking
  • Parking Features: 1 - 4 Spaces, Gravel, Off Street
  • Attached Garage: No
  • Parking: 1 - 4 Spaces, Off Street
Taxes and HOA Information
  • Tax Book Number: 12077
  • Tax Map Number: 9
  • Tax Year: 2022
  • Parcel Number: HALL-000009-000000-000190
  • Location Information:Association Y/N: No
  • Tax Annual Amount: $3,627.00
Virtual Tour
Property
Heating and Cooling
  • Water Heater:Gas: Yes
  • Water Heater:Off Heating System: Yes
  • Heat Fuel: Gas Natural
  • Heat System: Direct Vent Furnace
Lot Information
  • SqFt Finished Below Grade: 0.0
  • SqFt Finished Above Grade: 1260.0
  • Lot Size Acres: 0.29
  • Source of Acreage: Public Records
  • Building Area Total: 1260.0
  • Lot Size Area: 0.29
  • Lot Size Units: Acres
  • Lot Size Square Feet: 12632.4
  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Street Number: 228
  • Property Information:Surveyed: Unknown
  • Property Information:Seasonal: No
  • Property Information:Total Half Baths: .00
  • Property Information:Source of Road Frontage: Public Records
Parking
  • Driveway:Gravel: Yes
  • Driveway: Gravel
Property and Assessments
  • Leased Land: No
  • Property Type: Multi-Family
  • Property Type Label: Multi-Family
  • Year Built: 1850
Utilities
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities:Utilities On: Yes
  • Gas:Natural - On Site: Yes
  • Water Heater: Gas, Off Heating System
Interior and Exterior Features
Exterior Features
  • Construction Materials: Clapboard, Wood Frame
  • Vehicle Storage:No Vehicle Storage: Yes
  • Roof: Shingle
  • Vehicle Storage: No Vehicle Storage
  • Basement Entry: Exterior Only
Interior Features
  • Basement: Partial
  • Flooring: Laminate
  • Cooling: None
  • Heating: Direct Vent Furnace
  • 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: $43,200.00
  • Operating Expenses: $11,364.00
  • Gross Income: $43,200.00
  • Operating Expenses: $11,364.00
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: $2,000.00
  • Unit 1:# Full Baths: 1.00
  • Unit 1:# of Half Baths: .00
  • Unit 1:# of Rooms: 4.00
  • Unit 1:# of Bedrooms: 2.00
  • Unit 1:Dedicated Electric Meter: Yes
  • Unit 1:Dedicated Gas Meter: No
  • Unit 1:Dedicated Water Heater: No
  • Unit 1:Electric: Yes
  • Unit 1:Heat: No
  • 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: $1,600.00
  • Unit 2:# Full Baths: 1.00
  • Unit 2:# Half Baths: .00
  • Unit 2:# of Rooms: 4.00
  • Unit 2:# of Bedrooms: 2.00
  • Unit 2:Dedicated Electric Meter: Yes
  • Unit 2:Dedicated Gas Meter: No
  • Unit 2:Dedicated Water Heater: No
  • Unit 2:Electric: Yes
  • Unit 2:Heat: No
  • Unit 2:Range: Yes
  • Unit 2:Refrigerator: Yes
  • Unit 2:Sewer: Yes
  • Unit 2:Water: Yes
Unit Information
  • Units:# of 1 BD Units: 0
  • Units:# of 2 BD Units: 2
  • Units:# of 3 BD Units: 0
  • Units:# of 4+ BD Units: 0

Property History for 228 Water Street

DateEvent & SourcePriceAppreciation
Mar 23, 2026

Expired

Maine Listings #1638864

$399,000
Sep 23, 2025

Listed (Active)

Maine Listings #1638864

$425,000
Feb 9, 2024

Sold

Maine Listings #1555039

$210,000
DateEvent & SourcePrice
03/23/2026

Expired

Maine Listings #1638864

$399,000
09/23/2025

Listed (Active)

Maine Listings #1638864

$425,000
02/09/2024

Sold

Maine Listings #1555039

$210,000

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

Public Records for 228 Water Street

Taxable ValueLand$91,500Additions$109,700Total$201,200
Tax Record2025$3,843 ($320 / month)
Home Facts
Beds2Baths2Total Finished SqFt1,260 SqFtAbove Grade Finished SqFt1,260 SqFtStories2Lot Size8,712 SqFtStyleSingle Family ResidenceYear Built1850Zoning17CountyKENNEBECAPNHALL M:009 L:190

Schools near 228 Water Street

This home is within Regional School Unit 02.
Rating
School
Type
Grades
Distance
Public - PK to 3
Public - PK to 5
Public - PK to 5
Public - PK to 5
Rating
School
Distance
Henry L Cottrell School
PublicPK to 3

Dresden Elementary School
PublicPK to 5

Marcia Buker School
PublicPK to 5

Hall-Dale Elementary School
PublicPK to 5

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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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. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of McAllister 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.