Sold
Last Sold Price
45,505 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
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Recent comparable sales

Median sold price

$400,000

Avg days on market

31

Sale-to-list ratio

94.5%

Hallowell, ME

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Location

Listing Courtesy of AllMaineHomes, LLC

Sold By Spectrum Real Estate

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$19,357 per month

30 year fixed, 7.03% Interest

Principal and Interest

$15,482

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
  • Architectural Style: Cape Cod, Colonial, Farmhouse, Ranch
  • Style: Cape Cod, Colonial, Farmhouse, 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

Unit Information

Unit 1
  • Num Full Baths: 1
  • Dedicated Gas Meter: No
  • Dedicated Water Heater: Yes
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: Yes
  • Range: Yes
  • Lease: No
  • Level: Third
  • Security Deposit: Yes
  • Actual Rent: $850.00
  • Beds Total: 1
  • Rooms Total: 4
Unit 2
  • Num Full Baths: 1
  • Dedicated Gas Meter: No
  • Dedicated Water Heater: Yes
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: Yes
  • Range: Yes
  • Lease: No
  • Level: First
  • Security Deposit: No
  • Actual Rent: $1,200.00
  • Beds Total: 2
  • Rooms Total: 4
Unit 3
  • Num Full Baths: 1
  • Dedicated Gas Meter: No
  • Dedicated Water Heater: Yes
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: Yes
  • Range: Yes
  • Lease: Yes
  • Level: First
  • Security Deposit: Yes
  • Actual Rent: $900.00
  • Beds Total: 1
  • Rooms Total: 3
Unit 4
  • Num Full Baths: 1
  • Dedicated Gas Meter: No
  • Dedicated Water Heater: Yes
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: Yes
  • Range: Yes
  • Lease: No
  • Level: Second
  • Security Deposit: Yes
  • Actual Rent: $725.00
  • Beds Total: 1
  • Rooms Total: 3
Unit 5
  • Num Full Baths: 1
  • Dedicated Gas Meter: Yes
  • Dedicated Water Heater: Yes
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: No
  • Range: Yes
  • Lease: Yes
  • Level: Second
  • Security Deposit: Yes
  • Actual Rent: $1,095.00
  • Beds Total: 1
  • Rooms Total: 3
Unit 6
  • Num Full Baths: 1
  • Dedicated Gas Meter: Yes
  • Dedicated Water Heater: Yes
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: Yes
  • Range: Yes
  • Lease: No
  • Level: Second
  • Security Deposit: Yes
  • Actual Rent: $895.00
  • Beds Total: 2
  • Rooms Total: 4
Unit 7
  • Num Full Baths: 1
  • Dedicated Gas Meter: No
  • Dedicated Water Heater: Yes
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: Yes
  • Range: Yes
  • Lease: No
  • Level: Second
  • Security Deposit: Yes
  • Actual Rent: $900.00
  • Beds Total: 1
  • Rooms Total: 3
Unit 8
  • Num Full Baths: 1
  • Dedicated Gas Meter: No
  • Dedicated Water Heater: Yes
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: Yes
  • Range: Yes
  • Lease: No
  • Level: First
  • Security Deposit: Yes
  • Actual Rent: $750.00
  • Beds Total: 1
  • Rooms Total: 3
Unit 9
  • Num Full Baths: 1
  • Dedicated Gas Meter: No
  • Dedicated Water Heater: Yes
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: Yes
  • Range: Yes
  • Lease: No
  • Level: Second
  • Security Deposit: Yes
  • Actual Rent: $1,095.00
  • Beds Total: 1
  • Rooms Total: 3
Unit 10
  • Num Full Baths: 1
  • Dedicated Gas Meter: Yes
  • Dedicated Water Heater: Yes
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: No
  • Range: Yes
  • Lease: No
  • Level: Third
  • Security Deposit: Yes
  • Actual Rent: $900.00
  • Beds Total: 1
  • Rooms Total: 3
Unit 11
  • Num Full Baths: 1
  • Dedicated Gas Meter: No
  • Dedicated Water Heater: Yes
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: Yes
  • Range: Yes
  • Lease: No
  • Level: Second
  • Security Deposit: Yes
  • Actual Rent: $725.00
  • Beds Total: 1
  • Rooms Total: 3
Unit 12
  • Num Full Baths: 1
  • Dedicated Gas Meter: No
  • Dedicated Water Heater: Yes
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: Yes
  • Heat: Yes
  • Range: Yes
  • Lease: No
  • Level: Second
  • Security Deposit: Yes
  • Actual Rent: $975.00
  • Beds Total: 2
  • Rooms Total: 4
Unit 13
  • Num Full Baths: 1
  • Dedicated Gas Meter: No
  • Dedicated Water Heater: Yes
  • Refrigerator: No
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: No
  • Range: No
  • Lease: Yes
  • Level: First
  • Security Deposit: Yes
  • Actual Rent: $3,600.00
  • Rooms Total: 2
Unit 14
  • Num Full Baths: 1
  • Dedicated Gas Meter: Yes
  • Dedicated Water Heater: Yes
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: No
  • Range: Yes
  • Lease: Yes
  • Level: Second
  • Security Deposit: Yes
  • Actual Rent: $950.00
  • Beds Total: 2
  • Rooms Total: 4
Unit 15
  • Num Full Baths: 1
  • Dedicated Gas Meter: Yes
  • Dedicated Water Heater: Yes
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: Yes
  • Range: Yes
  • Lease: No
  • Level: Second
  • Security Deposit: Yes
  • Actual Rent: $1,295.00
  • Beds Total: 2
  • Rooms Total: 4
Unit 16
  • Num Full Baths: 1
  • Dedicated Gas Meter: No
  • Dedicated Water Heater: Yes
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: Yes
  • Range: Yes
  • Lease: Yes
  • Level: Second
  • Security Deposit: No
  • Actual Rent: $900.00
  • Beds Total: 1
  • Rooms Total: 3
Unit 17
  • Num Full Baths: 1
  • Dedicated Gas Meter: No
  • Dedicated Water Heater: Yes
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: Yes
  • Range: Yes
  • Lease: No
  • Level: Second
  • Security Deposit: Yes
  • Actual Rent: $875.00
  • Beds Total: 2
  • Rooms Total: 4
Unit 18
  • Num Full Baths: 1
  • Dedicated Gas Meter: No
  • Dedicated Water Heater: Yes
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: Yes
  • Range: Yes
  • Lease: No
  • Level: Second
  • Security Deposit: Yes
  • Actual Rent: $1,200.00
  • Beds Total: 3
  • Rooms Total: 5
Unit 19
  • Num Full Baths: 1
  • Dedicated Gas Meter: No
  • Dedicated Water Heater: Yes
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: Yes
  • Range: Yes
  • Lease: Yes
  • Level: Third
  • Security Deposit: Yes
  • Actual Rent: $1,195.00
  • Beds Total: 2
  • Rooms Total: 4
Unit 20
  • Num Full Baths: 1
  • Dedicated Gas Meter: Yes
  • Dedicated Water Heater: Yes
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: No
  • Range: Yes
  • Lease: No
  • Level: Second
  • Security Deposit: Yes
  • Actual Rent: $900.00
  • Beds Total: 1
  • Rooms Total: 3
Unit 21
  • Num Full Baths: 2
  • Dedicated Gas Meter: Yes
  • Dedicated Water Heater: Yes
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: No
  • Range: Yes
  • Lease: No
  • Level: First
  • Security Deposit: No
  • Actual Rent: $1,500.00
  • Beds Total: 2
  • Rooms Total: 5
Unit 22
  • Num Full Baths: 1
  • Dedicated Gas Meter: Yes
  • Dedicated Water Heater: Yes
  • Refrigerator: No
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: No
  • Range: No
  • Lease: Yes
  • Level: First
  • Security Deposit: Yes
  • Actual Rent: $1,100.00
  • Rooms Total: 2
Unit 23
  • Num Full Baths: 1
  • Dedicated Gas Meter: Yes
  • Dedicated Water Heater: Yes
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: No
  • Range: Yes
  • Lease: Yes
  • Level: Third
  • Security Deposit: Yes
  • Actual Rent: $1,195.00
  • Beds Total: 1
  • Rooms Total: 3
Unit 24
  • Num Full Baths: 1
  • Dedicated Gas Meter: No
  • Dedicated Water Heater: Yes
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: Yes
  • Range: Yes
  • Lease: No
  • Level: First
  • Security Deposit: Yes
  • Actual Rent: $855.00
  • Rooms Total: 2
Unit 25
  • Num Full Baths: 1
  • Num Half Baths: 9
  • Dedicated Gas Meter: No
  • Dedicated Water Heater: Yes
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: Yes
  • Range: Yes
  • Lease: Yes
  • Level: Second
  • Security Deposit: Yes
  • Actual Rent: $925.00
  • Beds Total: 1
  • Rooms Total: 3
Unit 26
  • Num Full Baths: 1
  • Dedicated Gas Meter: No
  • Dedicated Water Heater: Yes
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: No
  • Range: Yes
  • Lease: Yes
  • Level: First
  • Security Deposit: Yes
  • Actual Rent: $1,564.28
  • Beds Total: 3
  • Rooms Total: 6
Unit 27
  • Num Full Baths: 1
  • Dedicated Gas Meter: No
  • Dedicated Water Heater: Yes
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: Yes
  • Range: Yes
  • Lease: Yes
  • Level: Second
  • Security Deposit: Yes
  • Actual Rent: $744.00
  • Beds Total: 1
  • Rooms Total: 3
Unit 28
  • Num Full Baths: 1
  • Dedicated Gas Meter: No
  • Dedicated Water Heater: Yes
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: Yes
  • Range: Yes
  • Lease: No
  • Level: Second
  • Security Deposit: Yes
  • Actual Rent: $925.00
  • Beds Total: 1
  • Rooms Total: 3
Unit 29
  • Num Full Baths: 1
  • Dedicated Gas Meter: No
  • Dedicated Water Heater: No
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: Yes
  • Range: Yes
  • Lease: Yes
  • Level: First
  • Security Deposit: Yes
  • Actual Rent: $995.00
  • Beds Total: 2
  • Rooms Total: 4
Unit 30
  • Num Full Baths: 1
  • Dedicated Gas Meter: No
  • Dedicated Water Heater: Yes
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: Yes
  • Range: Yes
  • Lease: No
  • Level: First
  • Security Deposit: Yes
  • Actual Rent: $800.00
  • Beds Total: 1
  • Rooms Total: 3

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 Value

Land

$56,300

Additions

$141,700
Total$198,000

Tax Record

2025

$3,782 ($315 / month)

Home Facts

Baths

4

Total Finished SqFt

2,750 SqFt

Above Grade Finished SqFt

2,750 SqFt

Stories

2

Lot Size

6,534 SqFt

Style

Multi-Family Res (5+ Units)

Year Built

1860

Year Renovated

1860

Zoning

17

County

KENNEBEC

APN

HALL M:005 L:153

Schools near 75 Water Street

This home is within Regional School Unit 02.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 5
Public - PK to 8
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
–
–
–
–
3,920
–
–
–
–
2,614
–
–
–
3,750
2,614
$3,100,000
–
32,282
395,960
–
–
10.5
2,850
4,792

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.