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.
Closed
$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
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#: 1598564

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