40 Winter St

Waterville, ME 04901

$149,900
Price
4
Beds
2,628 Sq. Ft.
$57 / Sq. Ft.
2,628
Sq. Ft.
$57
per Sq. Ft.
Virtual Tour
Virtual Tour
Exterior6 (1)
Exterior3
Exterior4
Exterior2
Exterior15
Exterior16
Exterior17
Interior34
Interior35
Interior36
Interior31
Interior30
Interior33
Interior27
Interior28
Interior25
Interior26
Interior22
Interior37
Interior20
Interior16
Interior12
Interior9
Interior8
Interior11 (1)
Interior5

Description

Virtual 360 online tour available. Offer deadline December 29th - Will review within 24 hours Inspection reports available! Investment Opportunity in the Heart of Waterville! Nestled in a desirable neighborhood close to local schools and Waterville's vibrant downtown, this true 2-unit property offers both size and potential. With approximately 2,638± sq. ft. of living space, this larger multi-family provides tenants with spacious accommodations rarely found in comparable rentals. Each unit features...Virtual 360 online tour available. Offer deadline December 29th - Will review within 24 hours Inspection reports available! Investment Opportunity in the Heart of Waterville! Nestled in a desirable neighborhood close to local schools and Waterville's vibrant downtown, this true 2-unit property offers both size and potential. With approximately 2,638± sq. ft. of living space, this larger multi-family provides tenants with spacious accommodations rarely found in comparable rentals. Each unit features 2 bedrooms and 1 full bath, along with access to basement storage. Investors will appreciate the separate utilities: two independent heat sources and separate electrical meters for heat, hot water, and electricity—keeping tenant expenses independent and landlord overhead low. This property also presents a unique opportunity for forced appreciation. Current rents have been held below market levels, and with some thoughtful renovations and updates, you could increase rental income and build equity in one of Waterville's most sought-after locations. Whether you're expanding your portfolio or entering the rental market for the first time, this property combines strong fundamentals with room to grow—an excellent opportunity for both cash flow and long-term value. Schedule your showing today!
  1. Listed by Nicholas Corrow • Your Home Sold Guaranteed Realty

Property Details for 40 Winter Street

Waterfront
No
ArchitecturalStyle
Farmhouse, New Englander
Garage
No
Zoning
RB
LISTING UPDATED: 12/16/2025 06:42 PM

Property Details for 40 Winter Street

StatusActive
MLS #1636975
Days on Market105
Taxes$3,488 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family
Year Built1900
Lot Size0.21 AC / 9,147 SF
CountyKennebec County

Location

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Building Information for 40 Winter Street

Stories3Residences2Year Built1900Building Size-Lot Size0.21 AC / 9,147 SF

Payment Calculator

$1,031 per month

30 year fixed, 6.28% Interest

Principal and Interest

$741

Property Taxes

$291

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 40 Winter Street

Summary
Location and General Information
  • Road Surface Type: Paved
  • Zip Code: 7337
  • Town: Waterville
  • State/Province: ME
  • Zip Code: 04901
  • County: Kennebec
  • Geo Latitude: 44.551
  • Geo Longitude: -69.638827
  • Tax Lot: 63
  • Site:Level: Yes
  • Site:Open: Yes
  • Location:Neighborhood: Yes
  • Recreational Water:Nearby: Yes
Parking
  • Parking Features: 1 - 4 Spaces, Paved, On Site, Off Street
  • Attached Garage: No
Taxes and HOA Information
  • Tax Book Number: 5298
  • Tax Map Number: 48
  • Tax Year: 2024
  • Parcel Number: WAVL-000048-000000-000063
  • Location Information:Association Y/N: No
  • Tax Annual Amount: $3,488.00
  • Restrictions:No Restrictions: Yes
Virtual Tour
Property
Green Features
  • Energy Efficiency:Ceiling Fans: Yes
Heating and Cooling
  • Water Heater:Electric: No
Lot Information
  • SqFt Finished Below Grade: 0.0
  • SqFt Finished Above Grade: 2628.0
  • Lot Size Acres: 0.21
  • Source of Acreage: Public Records
  • Building Area Total: 2628.0
  • Lot Size Area: 0.21
  • Lot Size Units: Acres
  • Lot Size Square Feet: 9147.6
  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Street Number: 40
  • Property Information:Surveyed: Unknown
  • Property Information:Seasonal: No
  • Property Information:Owner Occupied: No
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Deed/Conveyance Type Offered: Warranty
  • Property Information:Deed: All
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Property Information:2 Detached Houses on 1 Lot: No
  • Property Information:Total Half Baths: .00
  • Property Information:Color: Yellow
Parking
  • Driveway:Paved: Yes
Property and Assessments
  • Sign on Property: Yes
  • Leased Land: No
  • Property Type: Multi-Family
  • Property Type Label: Multi-Family
  • Year Built: 1900
Utilities
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public
  • Other Equipment: Internet Access Available
  • Utilities:Utilities On: Yes
  • Gas:No Gas: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Other Exterior, Wood Frame
  • # Fireplaces: 0
  • Fireplace: No
  • Vehicle Storage:No Vehicle Storage: Yes
  • Roof: Shingle
  • Patio and Porch Features:Glassed-in Porch: Yes
Interior Features
  • Basement: Interior, Walk-Out Access, Full, Unfinished
  • Flooring: Wood, Vinyl, Laminate, Carpet
  • Interior Features: 1st Floor Bedroom, Attic, Bathtub, Shower, Storage
  • Cooling: None
  • Heating: Forced Air
  • Foundation Details: Concrete Perimeter
  • Laundry Features: Laundry - 1st Floor, Upper Level, Main Level, Washer Hookup
  • # Stories: 3
  • # Floors: 3
  • 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: $19,800.00
  • Operating Expenses: $5,601.00
Multi-Family Information
  • Number of Units: 2
  • Building Info:# Fireplaces: 0
  • Building Info:# Stories: 3
  • Building Info:# Floors: 3
  • Building Info:# Heating Units: 2
  • Building Info:# Water Heaters: 2
Unit 1
  • Unit 1:Lease: Yes
  • Unit 1:Level: First
  • Unit 1:Security Deposit: Yes
  • Unit 1:Monthly Rent: $850.00
  • Unit 1:# Full Baths: 1.00
  • Unit 1:# of Half Baths: .00
  • Unit 1:# of Rooms: 6.00
  • 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: No
  • Unit 1:Range: Yes
  • Unit 1:Refrigerator: Yes
  • Unit 1:Sewer: Yes
  • Unit 1:Water: Yes
Unit 2
  • Unit 2:Lease: No
  • Unit 2:Level: Second
  • Unit 2:Security Deposit: No
  • Unit 2:Monthly Rent: $800.00
  • Unit 2:# Full Baths: 1.00
  • Unit 2:# Half Baths: .00
  • Unit 2:# of Rooms: 5.00
  • Unit 2:# of Bedrooms: 2.00
  • 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: No
  • 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: 2
  • Units:# of 3 BD Units: 0
  • Units:# of 4+ BD Units: 0

Property History for 40 Winter Street

DateEvent & SourcePriceAppreciation
Aug 15, 2025

Listed (Active)

Maine Listings #1636975

$249,900—
DateEvent & SourcePrice
08/15/2025

Listed (Active)

Maine Listings #1636975

$249,900

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

Public Records for 40 Winter Street

Taxable ValueLand$28,700Additions$188,800Total$217,500
Tax Record2025$3,698 ($308 / month)
Home Facts
Baths2Total Finished SqFt2,628 SqFtAbove Grade Finished SqFt2,628 SqFtStories2Lot Size9,148 SqFtStyleDuplexYear Built1900CountyKENNEBECAPNWAVL M:048 B:063

Schools near 40 Winter 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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More information about 40 Winter Street, Waterville, ME 04901

40 Winter Street is a multi-family home for sale in Waterville, ME 04901. This property was listed for sale on August 15, 2025 by Your Home Sold Guaranteed Realty, it's currently listed at $149,900. 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. 40 Winter Street is a 4-bed, 2-bath, 2,628 sqft multi-family home built in 1900.

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 Your Home Sold Guaranteed Realty

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.