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!
Active under contract
Price cut: $50K (12/16)
$149,900
40 Winter Street, Waterville, ME 04901
4beds
2,628sqft
Est.:
Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$57/sqft
$-- HOA
What's special
- 119 days |
- 2,620 |
- 185 |
Zillow last checked: 8 hours ago
Listing updated: January 03, 2026 at 06:35am
Listed by:
Your Home Sold Guaranteed Realty
Source: Maine Listings,MLS#: 1636975
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: 9,147.6 Square Feet
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 & HOA
Location
- Region: Waterville
Financial & listing details
- Price per square foot: $57/sqft
- Tax assessed value: $174,400
- Annual tax amount: $3,488
- Date on market: 9/11/2025
Estimated market value
Not available
Estimated sales range
Not available
$1,621/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/2/2026 | Contingent | $149,900$57/sqft |
Source: | ||
| 12/16/2025 | Listed for sale | $149,900-25%$57/sqft |
Source: | ||
| 12/9/2025 | Contingent | $199,900$76/sqft |
Source: | ||
| 11/5/2025 | Price change | $199,900-11.1%$76/sqft |
Source: | ||
| 11/3/2025 | Listed for sale | $224,900$86/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax 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
BuyAbility℠ payment
Est. payment
$760/mo
Principal & interest
$581
Property taxes
$127
Home insurance
$52
Climate risks
Neighborhood: 04901
Nearby schools
GreatSchools rating
- 5/10Albert S Hall SchoolGrades: 4-5Distance: 0.2 mi
- 5/10Waterville Junior High SchoolGrades: 6-8Distance: 1.9 mi
- 4/10Waterville Senior High SchoolGrades: 9-12Distance: 0.2 mi
- Loading







