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  • $2,900,000

    75 Water Street, Hallowell, ME 04347

    74beds
    45,505sqft
    Multi Family
    Built in 1860
    -- sqft lot
    $2,651,600 Zestimate®
    $64/sqft
    $-- HOA

    What's special

    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.

    Zillow last checked: 7 hours ago

    Listing updated: January 18, 2025 at 07:11pm

    Listed by:

    AllMaineHomes, LLC

    Bought with:

    Spectrum Real Estate

    Source: Maine Listings,MLS#: 1598564MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 74
    • Bathrooms: 40
    • Full bathrooms: 31
    • 1/2 bathrooms: 9
    Heating
    • Radiator, Multi-Zones, Hot Water, Heat Pump, Forced Air, Direct Vent Heater, Direct Vent Furnace, Baseboard
    Cooling
    • Heat Pump
    Features
    • Flooring: Wood, Vinyl, Tile, Laminate, Concrete, Carpet
    • Basement: Bulkhead,Dirt Floor,Walk-Out Access,Crawl Space,Daylight,Full,Partial,Exterior Entry,Interior Entry,Exterior Only,Unfinished
    Interior area
    • Total structure area: 45,505
    • Total interior livable area: 45,505 sqft
    • Finished area above ground: 45,505
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 8
    • Parking features: 21+ Spaces, Gravel, Paved, Common, Detached, Off Street, On Street
    • Garage spaces: 8
    • Has uncovered spaces: Yes
    Features
    • Levels: Multi/Split
    • Patio & porch: Deck, Patio, Porch
    • Waterfront features: River Front
    • Body of water: Kennebec River
    Lot
    • Size: 5.47 Acres
    • Features: Corner Lot, Level, Sidewalks, City Lot, Near Shopping
    Details
    • Additional structures: Barn(s)
    • Parcel number: HALLM005L153
    • Zoning: Downtown

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Colonial,Cape Cod,Farmhouse,Ranch
    • Property subtype: Multi Family
    Materials
    • Wood Siding, Vinyl Siding, Shingle Siding, Clapboard, Brick, Wood Frame
    • Foundation: Block, Stone, Granite, Pillar/Post/Pier, Concrete Perimeter, Slab, Brick/Mortar
    • Roof: Flat,Membrane,Metal,Pitched,Shingle,Slate
    Condition
    • Year built: 1860

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Private Sewer, Public Sewer, Septic Existing on Site
    • Water: Private, Public, Well

    Community & neighborhood

    Location
    • Region: Hallowell

    Other

    Other facts
    • Road surface type: Paved
    Services availability