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  • Price cut: $15K (10/29)
    $185,000

    5 Collette Street, Waterville, ME 04901

    4beds
    1,904sqft
    : 
    Multi Family
    Built in 1947
    -- sqft lot
    $-- Zestimate®
    $97/sqft
    $-- HOA

    What's special

    Flexible floor plansFunctional layoutOff-street parking
    Excellent Investment Opportunity - Two-Unit Property with Strong Potential This two-unit property presents a fantastic opportunity for investors, contractors, or owner-occupants seeking a value-add project. Situated in a convenient Waterville neighborhood close to shopping, schools, and commuter routes, this property offers solid fundamentals and ample room for improvement. Each unit features a functional layout, providing flexibility for future rental income or multi-generational living. While the building requires repairs and updates, the property's neighborhood setting and structure make it well suited for renovation and long-term return on investment. Property Highlights: Two separate units with strong income potential Convenient neighborhood setting with easy access to amenities Off-street parking Flexible floor plans offering renovation and customization opportunities Priced to reflect needed improvements This is an ideal opportunity to build equity and create value through thoughtful upgrades. Property is being sold as-is. Price is firm.
    62 days
    |
    427
    |
    12
    |

    Zillow last checked: 8 hours ago

    Listing updated: October 29, 2025 at 04:27pm

    Listed by:

    Tim Dunham Realty 207-729-7297

    Source: Maine Listings,MLS#: 1640642MLS Logo

    Tour with a local agent

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Heating
    • Baseboard
    Cooling
    • None
    Features
    • Flooring: Vinyl, Wood
    • Basement: Interior Entry,Walk-Out Access,Finished,Unfinished
    Interior area
    • Total structure area: 1,904
    • Total interior livable area: 1,904 sqft
    • Finished area above ground: 1,904
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 2
    • Parking features: Paved, 1 - 4 Spaces, Off Street
    • Garage spaces: 2
    Features
    • Levels: Multi/Split
    Lot
    • Size: 6,098.4 Square Feet
    • Features: City Lot, Near Golf Course, Near Shopping, Near Turnpike/Interstate, Neighborhood, Suburban
    Details
    • Parcel number: WAVLM038B022
    • Zoning: Residential

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Aluminum Siding
    • Roof: Shingle
    Condition
    • Year built: 1947

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Location
    • Region: Waterville

    Financial & listing details

    • Price per square foot: $97/sqft
    • Tax assessed value: $171,600
    • Annual tax amount: $3,432
    • Date on market: 10/12/2025
    • Road surface type: Paved

    Estimated market value

    Not available

    Estimated sales range

    Not available

    $1,528/mo

    Price history

    Price history
    DateEventPrice
    10/29/2025Price change$185,000-7.5%$97/sqft
    Source: Maine Listings #1640642 Report a problem
    10/20/2025Price change$200,000+33.3%$105/sqft
    Source: Maine Listings #1640642 Report a problem
    10/12/2025Listed for sale$150,000$79/sqft
    Source: Maine Listings #1640642 Report a problem
    8/23/2023Listing removed--
    Source: Maine Listings #1565719 Report a problem
    8/9/2023Price change$150,000-14.3%$79/sqft
    Source: Maine Listings #1565719 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2024$3,432 +0.5%$171,600
    2023$3,415 +48.3%$171,600 +92.6%
    2022$2,303 +1.4%$89,100

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $928/mo
    Principal & interest
    $717
    Property taxes
    $146
    Home insurance
    $65

      Climate risks

      Neighborhood: 04901

      Nearby schools

      GreatSchools rating

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