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  • $135,000

    40 Winter Street, Waterville, ME 04901

    4beds
    2,628sqft
    Multi Family
    Built in 1900
    -- sqft lot
    $135,100 Zestimate®
    $51/sqft
    $1,475 Estimated rent

    Home value

    $135,100

    $120,000 - $153,000

    $1,475/mo

    Zestimate® history
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    $685/mo

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    $685/mo

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    What's special

    VIRTUAL 360 ONLINE TOUR AVAILABLE. ***CALLING FOR BACKUP OFFERS*** 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!

    Zillow last checked: 8 hours ago

    Listing updated: February 04, 2026 at 06:54am

    Listed by:

    Your Home Sold Guaranteed Realty

    Bought with:

    Century 21 Nason Realty

    Source: Maine Listings,MLS#: 1636975MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Forced Air
    Cooling
    • None
    Features
    • Flooring: Carpet, Laminate, Vinyl, Wood
    • Windows: Storm Window(s)
    • Basement: Interior Entry
    • Has fireplace: No
    Interior area
    • Total structure area: 2,628
    • Total interior livable area: 2,628 sqft
    • Finished area above ground: 2,628
    • Finished area below ground: 0

    Property

    Features
    • Stories: 3
    • Patio & porch: Glassed-in Porch
    Lot
    • Size: 9,147 sqft
    Details
    • Parcel number: WAVLM048B063
    • Zoning: RB

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Farmhouse,New Englander
    • Property subtype: Multi Family
    Materials
    • Roof: Shingle
    Condition
    • Year built: 1900

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Utilities On
    Green energy
    • Energy efficient items: Ceiling Fans

    Community & neighborhood

    Location
    • Region: Waterville

    Price history

    DateEventPrice
    1/16/2026Sold$135,000-9.9%$51/sqft
    Source: Maine Listings #1636975 Report a problem
    1/2/2026Contingent$149,900$57/sqft
    Source: Maine Listings #1636975 Report a problem
    12/16/2025Listed for sale$149,900-25%$57/sqft
    Source: Maine Listings #1636975 Report a problem
    12/9/2025Contingent$199,900$76/sqft
    Source: Maine Listings #1636975 Report a problem
    11/5/2025Price change$199,900-11.1%$76/sqft
    Source: Maine Listings #1636975 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$3,488 +0.5%$174,400
    2023$3,471 +49.9%$174,400 +94.6%
    2022$2,316 +1.4%$89,600

    Find assessor info on the county website

    Neighborhood: 04901

    Nearby schools

    GreatSchools rating
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