75 Water Street

Closed 1/9/25
Closed 1/9/25
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Sold
Last Sold Price
$2,900,000
45,505 sqft$64/sqft
75 Water St, Hallowell, ME 04347
Multi FamilyProperty Type
5.47 acresLot Size
1860Year Built
$64/sq ftPrice per sq ft
8 carsParking Spaces

Description

Incredible opportunity to secure your future as an area landlord with 45 residential units and 6 commercial units between Augusta, Gardiner, Hallowell, Chelsea, and Edgecomb. Plenty of existing cash flow to start with almost no vacancies currently. Property management in place. This portfolio has huge cash flow growth potential with many rents below market. See attachments for the property details, recent upgrades, and property nuances / specifics. 'Interior Information' in listing is incomplete,...Incredible opportunity to secure your future as an area landlord with 45 residential units and 6 commercial units between Augusta, Gardiner, Hallowell, Chelsea, and Edgecomb. Plenty of existing cash flow to start with almost no vacancies currently. Property management in place. This portfolio has huge cash flow growth potential with many rents below market. See attachments for the property details, recent upgrades, and property nuances / specifics. 'Interior Information' in listing is incomplete, please see attachments for full details, disclosures, income/expenses.
  • Listed by: Daniel Hildebrandt 207.679.7389 amhdan@hotmail.com • AllMaineHomes, LLC
Listing closed: 01/09/2025 12:00 AM • Source: Maine Listings, MLS#: 1598564

Recent comparable sales

Median sold price

$400,000

Avg days on market

31

Sale-to-list ratio

94.5%

Hallowell, ME

9 comparable properties found

$2,700,000 | 211 Water Street, Hallowell, ME 04347
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1

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Unavailable
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Square Feet
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211 Water Street, Hallowell, ME 04347

$403,000 | 61 2nd Street, Hallowell, ME 04347
1/54
2

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61 2nd Street, Hallowell, ME 04347

$395,000 | 7 Page Street, Hallowell, ME 04347
1/48
3

$395,000

Sold 06/17/25

Unavailable
Bedrooms
1,848
Square Feet
0.57
Acres

7 Page Street, Hallowell, ME 04347

$398,000 | 1 High Street, Hallowell, ME 04347
1/53
4

$398,000

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Unavailable
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2,521
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1 High Street, Hallowell, ME 04347

$485,000 | 2 Maple Street, Hallowell, ME 04347
1/2
5

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Unavailable
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Square Feet
1
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2 Maple Street, Hallowell, ME 04347

$594,500 | 3 Janabye Lane, Hallowell, ME 04347
1/45
6

$594,500

Sold 09/03/26

Unavailable
Bedrooms
3,840
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2.08
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3 Janabye Lane, Hallowell, ME 04347

$70,000 | 0 Winthrop Street, Hallowell, ME 04347
1/2
7

$70,000

Sold 02/10/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
1
Acres

0 Winthrop Street, Hallowell, ME 04347

8

$407,500

Sold 12/19/24

Unavailable
Bedrooms
Unavailable
Bathrooms
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Square Feet
0.03
Acres

117 Water Street, Unit 119, Hallowell, ME 04347

9

$187,300

Sold 02/20/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
Unavailable
Acres

116 2nd Street, Hallowell, ME 04347

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Location

Listing Courtesy of AllMaineHomes, LLC

Sold By Spectrum Real Estate

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$18,861 per month

30 year fixed, 6.71% Interest

Principal and Interest

$14,986

Property Taxes

$3,875

HOA Dues

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Property Information for 75 Water Street

Property Details
  • Taxes: $46,502 / year
  • MLS Type: Multi-Family
  • County: Kennebec County
  • Architectural Style: Other, Cape Cod, Colonial, Farmhouse, Ranch
  • Style: Cape Cod, Colonial, Farmhouse, Other, Ranch
  • Has Waterfront: No
  • Zoning: Downtown
Building Information
  • Residences: 46
  • Year Built: 1860
  • Lot Size: 5.47 AC / 238,273 SF
Summary
Location and General Information
  • Water View: Yes
  • Location: Business District, Intown, Near Shopping
  • Page: 37
  • Directions: Augusta: 18-20 Crosby St, 84 Mt Vernon Ave, 90 Mt Vernon Ave, 41 State St: Chelsea: 231 Togus Rd. Edgecomb: 7 Englebrekt Rd. Gardiner: 58 Winter St, 64 Winter St, 243-247 Water St. Hallowell: 33 / 35 / 75 / 104/106/108 / 335 Water St, 138-140 Second St
  • Latitude: 44.287803
  • Longitude: -$69.79
  • Water Body Type: River
  • Water Body Name: Kennebec River
Taxes and HOA
  • Association: No
  • Parcel Number: HALL-000005-000000-000153
  • Tax Lot: 153
  • Tax Book Number: 2838
  • Tax Map Number: 5
  • Tax Year: 2023
  • Tax Annual Amount: $46,502.02
Parking
  • Parking Features: 21+ Spaces, Gravel, Paved, Common, Detached, Off Street, On Street
  • Parking: 21+ Spaces, Paved, Off Street, On Street
  • Vehicle Storage: 4+ Car, Detached
  • Has Attached Garage: No
  • Garage Spaces: 8.0
  • Has Garage: Yes
Property
Lot Information
  • Lot Features: Corner Lot, Level, Sidewalks, Intown, Near Shopping
  • Lot Size Acres: 5.47
  • Lot Size Area: 5.47
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 238273.2
  • Lot Size Units: Acres
  • Roads: Paved, Public
  • Road Surface Type: Paved
  • SqFt Source: Public Records
  • Site: Corner Lot, Level, Other Site, Sidewalks
Property and Assessments
  • Above Grade Finished Area: 45505.0
  • Building Area Total: 45505.0
  • Property Type: Multi-Family
  • Construction: Wood Frame
  • Year Built: 1860
Building Features
  • Levels: Multi-Level
  • Levels: Multi-Level
  • Foundation Details: Block, Stone, Granite, Pillar/Post/Pier, Concrete Perimeter, Slab, Brick/Mortar
  • Foundation Materials: Block, Stone, Granite, Pillar/Post/Pier, Poured Concrete, Slab, Brick/Mortar
  • Construction Materials: Wood Siding, Vinyl Siding, Shingle Siding, Clapboard, Brick, Wood Frame
  • Other Structures: Barn(s)
Financial Information
  • List Price/SqFt: $105.52
Utilities
  • Heat Fuel: Electric, Gas Bottled, Gas Natural, Oil, Propane
  • Electric: Circuit Breakers
  • Gas: Bottled, Natural - At Street
  • Recreational Water: Nearby
  • Sewer: Septic Tank, Private Sewer, Public Sewer
  • Water Source: Well, Private, Public
  • Water Heater: Electric
  • Utilities: Utilities On
  • Utilities On: Yes
Interior and Exterior Features
Exterior Features
  • Exterior: Brick, Clapboard, Shingle Siding, Vinyl Siding, Wood Siding
  • Roof: Flat, Membrane, Metal, Pitched, Shingle, Slate
  • Driveway: Common, Gravel, Paved
Interior Features
  • Bathrooms Full: 31
  • Bathrooms Half: 9
  • Bathrooms Total Decimal: 35.5
  • Bathrooms Total Integer: 40
  • Basement: Interior, Walk-Out Access, Bulkhead, Dirt Floor, Crawl Space, Daylight, Full, Partial, Exterior Only, Unfinished
  • Basement: Bulkhead, Dirt Floor, Walk-Out Access, Crawl Space, Daylight, Full, Partial, Unfinished
  • Patio And Porch Features: Deck, Patio, Porch
  • Cooling: Heat Pump
  • Has Cooling: Yes
  • Heating: Zoned, Radiator, Hot Water, Heat Pump, Forced Air, Direct Vent Heater, Direct Vent Furnace, Baseboard
  • Has Heating: Yes
  • Flooring: Wood, Vinyl, Tile, Laminate, Concrete, Carpet
Multi Family
Multi Family Information
  • # of 1 BD Units: 22
  • # of 2 BD Units: 20
  • # of 3 BD Units: 4
  • Number Of Units Total: 46
Income & Expenses
  • Gross Income: $640,000.00
  • Operating Expense: $165,000.00
Rental
Rent Information
  • Land Lease: No

Property History for 75 Water Street

DateEvent & SourcePriceAppreciation
Jan 9, 2025

Sold

Maine Listings #1598564

$2,900,000—
Jul 24, 2024

Listed (Active)

Maine Listings #1598564

$4,801,500—
DateEvent & SourcePrice
01/09/2025

Sold

Maine Listings #1598564

$2,900,000
07/24/2024

Listed (Active)

Maine Listings #1598564

$4,801,500

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

Public Records for 75 Water Street

Taxable ValueLand$56,300Additions$141,700Total$198,000
Tax Record2025$3,782 ($315 / month)
Home Facts
Baths4Total Finished SqFt2,750 SqFtAbove Grade Finished SqFt2,750 SqFtStories2Lot Size6,534 SqFtStyleMulti-Family Res (5+ Units)Year Built1860Year Renovated1860Zoning17CountyKENNEBECAPNHALL M:005 L:153

Schools near 75 Water Street

This home is within Regional School Unit 02.
Rating
School
Type
Grades
Distance
Dresden Elementary School
Public - PK to 5
Hall-Dale Elementary School
Public - PK to 5
Monmouth Memorial School
Public - PK to 8
Hall-Dale Middle and High School
Public - 6 to 12
Rating
School
Distance
Dresden Elementary School
PublicPK to 5

Hall-Dale Elementary School
PublicPK to 5

Monmouth Memorial School
PublicPK to 8

Hall-Dale Middle and High School
Public6 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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 75 Water Street, Hallowell, ME 04347
$2,900,000
–
45,505
238,273
85 Water Street, Hallowell, ME 04347
–
–
–
–
3,920
83 Water Street, Hallowell, ME 04347
–
–
–
–
2,614
77 Water Street, Hallowell, ME 04347
–
–
–
3,750
2,614
71 Water Street, Hallowell, ME 04347
$3,100,000
–
32,282
395,960
69 Water Street, Unit 71, Hallowell, ME 04347
–
–
10.5
2,850
4,792

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of AllMaineHomes, LLC

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.