18 King Street
Waterville, ME 04901
$206,050
Listing Courtesy of: Real Broker
207-314-8443
Buyer Represented by: Hoang Realty
Have you been searching for a true cash flow opportunity or the perfect owner-occupied setup where your tenants help pay the mortgage? This three-unit property checks all the boxes. It features a spacious 4 bedroom apartment, a 2 bedroom apartment, and a 1 bedroom apartment, all of which have been remodeled within the past few years along with several additional upgrades throughout the property. The location is equally appealing. It is within walking distance to the rejuvenated downtown Waterville area and only minutes from the hospital, highway, colleges, and airport. Updated and affordable three unit properties are rare in this market and always in high demand. Whether you are building your investment portfolio or looking for a smart way to live in one unit while renting the other two, this is an opportunity you will not want to miss!
| Listing Id: | 1668861 |
|---|---|
| List Price: | $219,900 |
| Close Price: | $206,050 |
| Close Date: | 2026-09-10 |
| Property Type: | Multi-Family |
| Status: | Closed |
| Bathrooms Full: | 3 |
| Tax Annual Amount: | $2,417 |
| Lot Size Square Feet: | 5,227.2 |
| Lot Size Acres: | 0.12 |
| Architectural Style: | New Englander |
| Waterfront?: | No |
| City: | Waterville |
| County Or Parish: | Kennebec |
| Postal Code: | 04901 |
| Year Built: | 1900 |
| Number Of Units Total: | 3 |
| Listing Key: | c251993e338fa57f5bd9831b9b15eca2 |
| Above Grade Finished Area: | 2,217.0 |
| Bathrooms Total Integer: | 3 |
| Building Area Total: | 2,217.0 |
| Basement: | Exterior Entry, Unfinished |
| Construction Materials: | Wood Frame, Shingle Siding, Wood Siding |
| Cooling: | None |
| Documents Change Timestamp: | 2026-06-25T13:56:01Z |
| Documents Count: | 4 |
| Directions: | GPS compatible. Sign on property. |
| Electric: | Circuit Breakers |
| Fireplaces Total: | 0 |
| Flooring: | Carpet, Laminate, Wood |
| Foundation Details: | Block, Stone, Brick/Mortar |
| Garage Spaces: | 0.0 |
| Gross Income: | $39,000 |
| Heating?: | Yes |
| Heating: | Oil, Baseboard, Hot Water |
| Listing Contract Date: | 2026-06-25 |
| Lot Size Area: | 0.12 |
| Lot Features: | Intown, Near Country Club, Near Golf Course, Near Shopping, Near Turnpike/Interstate, Neighborhood, Level |
| Lot Size Units: | Acres |
| Status: | Closed |
| Original List Price: | $219,900 |
| Operating Expense: | $16,258 |
| Pending Timestamp: | 2026-08-13 |
| Parcel Number: | WAVL-000039-000000-000057 |
| Parking Features: | Paved, 1 - 4 Spaces |
| Postal Code Plus4: | 5844 |
| Road Surface Type: | Paved |
| Roof: | Metal |
| State Or Province: | ME |
| Sign On Property?: | Yes |
| Stories: | 2 |
| Stories Total: | 2 |
| Tax Year: | 2025 |
| Water Source: | Public |
| Zoning: | RC |
| Gas: | No Gas |
| Lot Size Source: | Public Records |
| Sewer: | Public Sewer |
| Bathrooms Total Decimal: | 3.0 |
| Approval Status: | true |
| Utilities Utilities On: | Yes |
| Water Info Water View: | No |
| Unit 1 Lease: | No |
| Unit 1 Level: | First |
| Unit 1 Security Deposit: | Yes |
| Unit 1 Monthly Rent: | 900.0 |
| Unit 1 # Full Baths: | 1 |
| Unit 1 # Of Rooms: | 3 |
| Unit 1 Electric: | Yes |
| Unit 1 Heat: | Yes |
| Unit 1 Range: | Yes |
| Unit 1 Refrigerator: | Yes |
| Unit 1 Dedicated Electric Meter: | No |
| Unit 1 Dedicated Gas Meter: | No |
| Unit 1 Dedicated Water Heater: | No |
| Unit 1 Sewer: | Yes |
| Unit 1 Water: | Yes |
| Unit 2 # Full Baths: | 1 |
| Unit 2 # Of Rooms: | 4 |
| Unit 2 Lease: | No |
| Unit 2 Level: | First |
| Unit 2 Security Deposit: | Yes |
| Unit 2 Monthly Rent: | 1100.0 |
| Unit 2 Electric: | No |
| Unit 2 Heat: | Yes |
| Unit 2 Range: | Yes |
| Unit 2 Refrigerator: | Yes |
| Unit 2 Dedicated Gas Meter: | No |
| Unit 2 Dedicated Electric Meter: | Yes |
| Unit 2 Dedicated Water Heater: | No |
| Unit 2 Sewer: | Yes |
| Unit 2 Water: | Yes |
| Unit 3 # Of Rooms: | 7 |
| Unit 3 Lease: | Yes |
| Unit 3 Level: | Second |
| Unit 3 Security Deposit: | Yes |
| Unit 3 Monthly Rent: | $1,250 |
| Unit 3 # Full Baths: | 1 |
| Unit 3 Electric: | Yes |
| Unit 3 Heat: | Yes |
| Unit 3 Range: | Yes |
| Unit 3 Dedicated Gas Meter: | No |
| Unit 3 Dedicated Electric Meter: | No |
| Unit 3 Dedicated Water Heater: | No |
| Unit 3 Refrigerator: | Yes |
| Unit 3 Sewer: | Yes |
| Unit 3 Water: | Yes |
| Units # Of 1 Bd Units: | 1 |
| Units # Of 2 Bd Units: | 1 |
| Units # Of 4+ Bd Units: | 1 |
| Property Information Surveyed: | Unknown |
| Property Information Seasonal: | No |
| Property Information Deed/conveyance Type Offered: | Warranty |
| Property Information Color: | Brown |
| Property Information Deed: | All |
| Property Information Deed Restrictions: | Unknown |
| Property Information Sq Ft Source: | Measured (ANSI) |
| Status Change Info Lp/sp Ratio: | 93.7 |
| Status Change Info Arm's Length Transaction: | Yes |
| Status Change Info Sold Price/sq Ft: | $93 |
| Status Change Info Did Acres Change At Sale: | No |
| Location Information Page: | 198-199 |
| Location Information Zoning Overlay: | Unknown |
| Location Information Tree Growth Y/n: | No |
| Contract Information List Price/sq Ft: | $99 |
| Contract Information Comp Listing: | No |
| Status Change Info Seller Contributions Backup: | Yes |
| Contract Information Buyer Closing Costs Amount 3: | $6,000 |
| Contract Information Total Seller Contributions 3: | $6,000 |
| Contract Information Property Repairs Y/n: | No |
| Contract Information Buyer Closing Costs Yes/no: | Yes |
| Remarks Showing Remarks: | 48 hour notice required |
| Roads: | Paved, Public |
| Sold Terms Other: | Not Applicable |
| Vehicle Storage: | No Vehicle Storage |
| Water Heater: | Off Heating System |
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.
Maine Real Estate Information System, Inc. data last updated on October 08, 2026 05:26 PM - ET
Property Last Updated: October 08, 2026 05:26 PM - ET
