5 Collette St
Description
This two-unit property presents a fantastic opportunity for investors, contractors, or owner-occupants seeking a value-add project. Situated in a convenient Waterville neighborhood close to shopping, schools, and commuter routes, this property offers solid fundamentals and ample room for improvement. Each unit features a functional layout, providing flexibility for future rental income or multi-generational living. While the...Excellent Investment Opportunity - Two-Unit Property with Strong Potential
This two-unit property presents a fantastic opportunity for investors, contractors, or owner-occupants seeking a value-add project. Situated in a convenient Waterville neighborhood close to shopping, schools, and commuter routes, this property offers solid fundamentals and ample room for improvement. Each unit features a functional layout, providing flexibility for future rental income or multi-generational living. While the building requires repairs and updates, the property's neighborhood setting and structure make it well suited for renovation and long-term return on investment. Property Highlights:
Two separate units with strong income potential
Convenient neighborhood setting with easy access to amenities
Off-street parking
Flexible floor plans offering renovation and customization opportunities
Priced to reflect needed improvements
This is an ideal opportunity to build equity and create value through thoughtful upgrades. Property is being sold as-is. Price is firm.
Property Details for 5 Collette Street
Property Details for 5 Collette Street
| Status | Active |
|---|---|
| MLS # | 1640642 |
| Days on Market | 61 |
| Taxes | $3,432 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family |
| Year Built | 1947 |
| Lot Size | 0.14 AC / 6,098 SF |
| County | Kennebec County |
Location
Building Information for 5 Collette Street
Payment Calculator
$1,200 per month
30 year fixed, 6.28% Interest
$914
$286
$0
Property Information for 5 Collette Street
- Road Surface Type: Paved
- Zip Code: 5008
- Directions: GPS to 5 Collette Street, Waterville
- Town: Waterville
- State/Province: ME
- Zip Code: 04901
- County: Kennebec
- Geo Latitude: 44.539957
- Geo Longitude: -69.651109
- Tax Lot: 22
- Site:Other Site: Yes
- Location:Intown: Yes
- Location:Near Country Club: Yes
- Location:Near Golf Course: Yes
- Location:Near Shopping: Yes
- Location:Near Turnpike/Interstate: Yes
- Location:Neighborhood: Yes
- Location:Suburban: Yes
- Parking Features: 1 - 4 Spaces, Paved, Off Street
- Attached Garage: No
- Tax Book Number: 8456
- Tax Map Number: 38
- Tax Year: 2024
- Parcel Number: WAVL-000038-000000-000022
- Location Information:Association Y/N: No
- Tax Annual Amount: $3,432.00
- Water Heater:Electric: Yes
- SqFt Finished Below Grade: 0.0
- SqFt Finished Above Grade: 1904.0
- Lot Size Acres: 0.14
- Source of Acreage: Public Records
- Building Area Total: 1904.0
- Lot Size Area: 0.14
- Lot Size Units: Acres
- Lot Size Square Feet: 6098.4
- Bathrooms Full: 2
- Bathrooms Half: 1
- Street Number: 5
- 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: Personal Rep
- 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: 1.00
- Property Information:Source of Road Frontage: Public Records
- Driveway:Paved: Yes
- Sign on Property: Yes
- Leased Land: No
- Property Type: Multi-Family
- Property Type Label: Multi-Family
- Year Built: 1947
- Electric: True
- Sewer: Public Sewer
- Water Source: Public
- Gas:No Gas: Yes
- Construction Materials: Aluminum Siding, Wood Frame
- Vehicle Storage:2 Car: Yes
- Roof: Shingle
- Basement: Interior, Walk-Out Access, Finished, Unfinished
- Flooring: Wood, Vinyl
- Cooling: None
- Heating: Baseboard
- Foundation Details: Concrete Perimeter
- Bathrooms Total (Integer): 3
- Bathrooms Total (Decimal): 2.50
- Bathrooms Total (Notational): 2.10
- Cooling YN: No
- Heating YN: Yes
- Gross Income: $.00
- Operating Expenses: $.00
- Number of Units: 2
- Unit 1:Lease: No
- Unit 1:Level: First
- Unit 1:Security Deposit: No
- Unit 1:Monthly Rent: $.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: Yes
- Unit 1:Range: No
- Unit 1:Refrigerator: No
- Unit 1:Sewer: Yes
- Unit 1:Water: Yes
- Unit 2:Lease: No
- Unit 2:Level: Second
- Unit 2:Security Deposit: No
- Unit 2:Monthly Rent: $.00
- Unit 2:# Full Baths: 1.00
- Unit 2:# Half Baths: 1.00
- 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: No
- Unit 2:Electric: Yes
- Unit 2:Heat: Yes
- Unit 2:Range: No
- Unit 2:Refrigerator: No
- Unit 2:Sewer: Yes
- Unit 2:Water: Yes
- Unit 3:Range: No
- Unit 3:Sewer: Yes
- 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 5 Collette Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Oct 29, 2025 | Price Change Maine Listings #1640642 | $185,000 | — |
| Oct 20, 2025 | Price Change Maine Listings #1640642 | $200,000 | — |
| Oct 12, 2025 | Listed (Active) Maine Listings #1640642 | $150,000 | — |
| Jan 18, 2024 | Expired Maine Listings #1565719 | $150,000 | — |
| Aug 23, 2023 | Withdrawn Maine Listings #1565719 | $150,000 | — |
| Aug 4, 2023 | Price Change Maine Listings #1565719 | $175,000 | — |
| Jul 18, 2023 | Listed (Active) Maine Listings #1565719 | $195,000 | — |
| Mar 24, 2005 | Expired Maine Listings #722902 | $133,900 | — |
| Sep 24, 2004 | Listed (Active) Maine Listings #722902 | $133,900 | — |
| Aug 1, 2002 | Expired Maine Listings #539831 | $94,900 | — |
| Feb 1, 2002 | Listed (Active) Maine Listings #539831 | $94,900 | — |
| Date | Event & Source | Price |
|---|---|---|
| 10/29/2025 | Price Change Maine Listings #1640642 | $185,000 |
| 10/20/2025 | Price Change Maine Listings #1640642 | $200,000 |
| 10/12/2025 | Listed (Active) Maine Listings #1640642 | $150,000 |
| 01/18/2024 | Expired Maine Listings #1565719 | $150,000 |
| 08/23/2023 | Withdrawn Maine Listings #1565719 | $150,000 |
| 08/04/2023 | Price Change Maine Listings #1565719 | $175,000 |
| 07/18/2023 | Listed (Active) Maine Listings #1565719 | $195,000 |
| 03/24/2005 | Expired Maine Listings #722902 | $133,900 |
| 09/24/2004 | Listed (Active) Maine Listings #722902 | $133,900 |
| 08/01/2002 | Expired Maine Listings #539831 | $94,900 |
| 02/01/2002 | Listed (Active) Maine Listings #539831 | $94,900 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5 Collette Street
Schools near 5 Collette Street
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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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 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 Tim Dunham 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.
