Closed
$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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What's special
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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#: 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 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
| Date | Event | Price |
|---|---|---|
| 1/16/2026 | Sold | $135,000-9.9%$51/sqft |
Source: | ||
| 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: | ||
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
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
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