41 Western Ave
Waterville, ME 04901

$270,000

Last Sold Price

Beds

Baths

2,562 Sq. Ft.

$105 / Sq. Ft.

2,562

Sq. Ft.

$105

per Sq. Ft.

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Closed 9/13/23

Description

Incredible Investment Opportunity! Profitable 6-unit apartment building with assumable tenants, new roof, stable income and potential for 14 plus cap rate! Excellent location close to hospitals, colleges and schools. Current tenants are assumable providing a seamless transition for owner or owner occupied home. This property is on the list for natural gas in September. Retiring owners say there is room for rent increase of 20-25%.. Apartment 1 is freshly renovated and is currently vacant for viewing....Incredible Investment Opportunity! Profitable 6-unit apartment building with assumable tenants, new roof, stable income and potential for 14 plus cap rate! Excellent location close to hospitals, colleges and schools. Current tenants are assumable providing a seamless transition for owner or owner occupied home. This property is on the list for natural gas in September. Retiring owners say there is room for rent increase of 20-25%.. Apartment 1 is freshly renovated and is currently vacant for viewing. 48 hour notice on all other apartment viewings please. Seller would consider owner financing 20% of sale.

Listed by Laurie Arena • Realty of Maine

Property Details for 41 Western Avenue

Waterfront

ArchitecturalStyle

Colonial

Garage Spaces

.00

Garage

Zoning

Residential

LISTING UPDATED: 01/14/2025 10:55 PM

Property Details for 41 Western Avenue

Status	Closed
MLS #	1564434
Days on Market	13
Taxes	$2,634 / year
HOA Fees	-
Condo/Co-op Fees	-
Property Type	Multi Family
MLS Type	Multi-Family
Year Built	1920
Lot Size	0.22 AC / 9,583 SF
County	Kennebec County

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Location

Listing Courtesy of Realty of Maine

Sold By Getty Real Estate Services, LLC

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Building Information for 41 Western Avenue

Stories2Residences6Year Built1920Building Size-Lot Size0.22 AC / 9,583 SF

Payment Calculator

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$1,579 per month

30 year fixed, 6.46% Interest

Principal and Interest

$1,360

Property Taxes

$220

HOA Dues

The Payment Calculator is for illustrative purposes only.

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Property Information for 41 Western Avenue

Summary

Location and General Information

Road Surface Type: Paved
Zip Code: 5914

Directions: From silver street, turn left onto Western Ave. go .2 miles, property is on the right
Town: Waterville
State/Province: ME
Zip Code: 04901
County: Kennebec
Geo Latitude: 44.548188
Geo Longitude: -69.638285
Tax Lot: 070
Site:Level: Yes
Site:Sidewalks: Yes
Location:Intown: Yes
Location:Near Shopping: Yes
Location:Near Town: Yes
Location:Neighborhood: Yes
Construction: Wood Frame
Road Frontage: true
Water View2: No

Parking

Parking Features: 5 - 10 Spaces, Gravel, Paved
Attached Garage: No

Parking: 5 - 10 Spaces

Taxes and HOA Information

Tax Book Number: 14518
Tax Map Number: 044

Tax Year: 2022
Parcel Number: WAVL-000044-000000-000070
Location Information:Association Y/N: No
Tax Annual Amount: $2,634.00

School Information

School District: Waterville Public Schools

Property

Green Features

Energy Efficiency:Ceiling Fans: Yes
Energy Efficiency:Storm Windows: Yes

Energy Efficiency: Ceiling Fans, Storm Windows

Heating and Cooling

Water Heater:Off Heating System: Yes
Heat Fuel: Oil

Heat System: Baseboard, Hot Water, Multi-Zones

Lot Information

SqFt Finished Below Grade: 0.0
SqFt Finished Above Grade: 2562.0

Lot Size Acres: 0.22
Source of Acreage: Public Records
Building Area Total: 2562.0
Lot Size Area: 0.22
Lot Size Units: Acres
Lot Size Square Feet: 9583.2
Bathrooms Full: 6
Bathrooms Half: 0
Street Number: 41
Property Information:Surveyed: No
Property Information:Seasonal: No
Property Information:Owner Occupied: No
Property Information:Short Sale Continue to Show: No
Property Information:Deed/Conveyance Type Offered: Quit Claim
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: Tan
Property Information:Source of Road Frontage: Public Records

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: 1920

Utilities

Electric: Circuit Breakers
Sewer: Yes

Water Source: Public
Utilities:Utilities On: Yes
Gas:Other Gas: Yes
Water Heater: Off Heating System
Equipment: Internet Access Available

Interior and Exterior Features

Exterior Features

Construction Materials: Vinyl Siding, Wood Frame
# Fireplaces: 0

Fireplace: No
Vehicle Storage:No Vehicle Storage: Yes
Roof: Metal, Shingle
Patio and Porch Features:Porch: Yes
Vehicle Storage: No Vehicle Storage
Patio and Porch Features: Porch
Basement Entry: Interior

Interior Features

Basement: Dirt Floor, Full, Unfinished
Flooring: Vinyl, Carpet

Interior Features: Shower
Cooling: None
Heating: Multi-Zones, Hot Water, Baseboard
Foundation Details: Granite
# Stories: 2
Bathrooms Total (Integer): 6
Bathrooms Total (Decimal): 6.00
Bathrooms Total (Notational): 6.00
Cooling YN: No
Heating YN: Yes
Amenities: Shower

Multi Family

Income & Expenses Information

Gross Income: $53,406.00
Operating Expenses: $23,804.00

Gross Income: $53,406.00
Operating Expenses: $23,804.00

Multi-Family Information

Number of Units: 6
Building Info:# Fireplaces: 0

Building Info:# Floors: 2
Building Info:# Heating Units: 1

Unit 1

Unit 1:Lease: No
Unit 1:Level: First

Unit 1:Security Deposit: No
Unit 1:Monthly Rent: $774.00
Unit 1:# Full Baths: 1.00
Unit 1:# of Half Baths: .00
Unit 1:# of Rooms: 3.00
Unit 1:# of Bedrooms: 1.00
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: Yes
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: First

Unit 2:Monthly Rent: $774.00
Unit 2:# Full Baths: 1.00
Unit 2:# Half Baths: .00
Unit 2:# of Rooms: 3.00
Unit 2:# of Bedrooms: 1.00
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: Yes
Unit 2:Range: Yes
Unit 2:Refrigerator: Yes
Unit 2:Sewer: Yes
Unit 2:Water: Yes

Unit 3

Unit 3:Lease: No
Unit 3:Level: First

Unit 3:Monthly Rent: $774.00
Unit 3:# Full Baths: 1.00
Unit 3:# Half Baths: .00
Unit 3:# of Rooms: 3.00
Unit 3:# of Bedrooms: 1.00
Unit 3:Dedicated Electric Meter: Yes
Unit 3:Dedicated Gas Meter: No
Unit 3:Dedicated Water Heater: No
Unit 3:Electric: Yes
Unit 3:Heat: Yes
Unit 3:Range: Yes
Unit 3:Refrigerator: No
Unit 3:Sewer: Yes
Unit 3:Water: Yes

Unit 4

Unit 4:Lease: No
Unit 4:Level: Second

Unit 4:Monthly Rent: $774.00
Unit 4:# Full Baths: 1.00
Unit 4:# Half Baths: .00
Unit 4:# of Rooms: 3.00
Unit 4:# of Bedrooms: 1.00
Unit 4:Dedicated Electric Meter: Yes
Unit 4:Dedicated Gas Meter: No
Unit 4:Dedicated Water Heater: No
Unit 4:Electric: Yes
Unit 4:Heat: Yes
Unit 4:Range: Yes
Unit 4:Refrigerator: Yes
Unit 4:Water: Yes

Unit 5

Unit 5:Lease: No
Unit 5:Level: Second

Unit 5:Monthly Rent: $774.00
Unit 5:# Full Baths: 1.00
Unit 5:# Half Baths: .00
Unit 5:# of Rooms: 3.00
Unit 5:# of Bedrooms: 1.00
Unit 5:Dedicated Electric Meter: Yes
Unit 5:Dedicated Gas Meter: No
Unit 5:Dedicated Water Heater: No
Unit 5:Electric: Yes
Unit 5:Heat: Yes
Unit 5:Range: Yes
Unit 5:Refrigerator: Yes
Unit 5:Sewer: Yes
Unit 5:Water: Yes

Unit 6

Unit 6:Lease: No
Unit 6:Level: Second

Unit 6:Monthly Rent: $774.00
Unit 6:# Full Baths: 1.00
Unit 6:# Half Baths: .00
Unit 6:# of Rooms: 3.00
Unit 6:# of Bedrooms: 1.00
Unit 6:Dedicated Electric Meter: Yes
Unit 6:Dedicated Gas Meter: No
Unit 6:Dedicated Water Heater: No
Unit 6:Electric: Yes
Unit 6:Heat: Yes
Unit 6:Range: Yes
Unit 6:Refrigerator: Yes
Unit 6:Sewer: Yes
Unit 6:Water: Yes

Unit Information

Units:# of 1 BD Units: 6
Units:# of 2 BD Units: 0

Units:# of 3 BD Units: 0
Units:# of 4+ BD Units: 0

Property History for 41 Western Avenue

Date	Event & Source	Price	Appreciation
Sep 13, 2023	Sold Maine Listings #1564434	$270,000	—
Jul 19, 2023	Active Under Contract Maine Listings #1564434		—
Jul 5, 2023	Listed (Active) Maine Listings #1564434	$315,000	—
Jul 19, 2022	Sold Maine Listings #1527343	$207,500	—
May 12, 2022	Pending Maine Listings #1527343		—
May 12, 2022	Active Under Contract Maine Listings #1527343		—
May 4, 2022	Listed (Active) Maine Listings #1527343	$189,900	—

Date	Event & Source	Price
09/13/2023	Sold Maine Listings #1564434	$270,000
07/19/2023	Active Under Contract Maine Listings #1564434	—
07/05/2023	Listed (Active) Maine Listings #1564434	$315,000
07/19/2022	Sold Maine Listings #1527343	$207,500
05/12/2022	Pending Maine Listings #1527343	—
05/12/2022	Active Under Contract Maine Listings #1527343	—
05/04/2022	Listed (Active) Maine Listings #1527343	$189,900

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

Public Records for 41 Western Avenue

Taxable ValueLand$51,100Additions$234,500Total$285,600

Tax Record2025$4,855 ($405 / month)

Home Facts

Baths6Total Finished SqFt2,562 SqFtAbove Grade Finished SqFt2,562 SqFtStories2Lot Size9,583 SqFtStyleMulti-Family Res (5+ Units)Year Built1920CountyKENNEBECAPNWAVL M:044 B:070

Schools near 41 Western Avenue

This home is within Waterville Public Schools.


Rating	School	Type	Grades	Distance
3/10	George J Mitchell School	Public - Serves this home	PK to 3	1.3 mi
5/10	Albert S Hall School	Public - Serves this home	4 to 5	0.2 mi
5/10	Waterville Junior High School	Public - Serves this home	6 to 8	1.7 mi
4/10	Waterville Senior High School	Public - Serves this home	9 to 12	0.4 mi
NR	St John Catholic School	Private - Nearby school	PK to 6	0.8 mi
NR	Mount Merici Academy	Private - Nearby school	PK to 8	1.0 mi
NR	Temple Academy	Private - Nearby school	PK to 12	1.1 mi


Rating	School	Distance
3/10	George J Mitchell School PublicPK to 3 Serves this home	1.3 mi
5/10	Albert S Hall School Public4 to 5 Serves this home	0.2 mi
5/10	Waterville Junior High School Public6 to 8 Serves this home	1.7 mi
4/10	Waterville Senior High School Public9 to 12 Serves this home	0.4 mi
NR	St John Catholic School PrivatePK to 6 Nearby school	0.8 mi
NR	Mount Merici Academy PrivatePK to 8 Nearby school	1.0 mi
NR	Temple Academy PrivatePK to 12 Nearby school	1.1 mi

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.

Listing Courtesy of Realty of Maine

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.

41 Western AveWaterville, ME 04901

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41 Western Ave
Waterville, ME 04901