75 Water StreetHallowell, ME 04347MLS Number 1598564

  • Sale Price: $2,900,000
  • 498 Days Since Sale
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Federal 30-year interest rate: 6.36% last updated on May 14, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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75 Water Street Hallowell ME 04347
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  • 40Bathrooms
  • 5.47Acreage
  • 45,505Square Feet
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.
Listed by AllMaineHomes,LLC

Sold by Spectrum Real Estate

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More Info

Tax Information

  • Parcel Number HALL-000005-000000-000153
  • Taxes$46,502

Location

  • Address75 Water Street
  • Building Number75
  • CountyKennebec
  • LocationBusiness District, Intown, Near Shopping
  • StateME
  • StreetWater Street
  • TownHallowell
  • Zip04347

Exterior

  • Exterior Brick, Clapboard, Shingle Siding, Vinyl Siding, Wood Siding
  • Roof
    • Flat
    • Membrane
    • Metal
    • Pitched
    • Shingle
    • Slate

Property Information

  • Acreage5.47
  • Lot Features Business District
  • Square Feet45,505

Water Body

  • Water AccessPrivate, Public, Well
  • Water Body NameKennebec River
  • Water Body TypeRiver
  • Water ViewYes

Parking

  • Parking 21+ Spaces, Paved, Off Street, On Street

Basic Information

  • List Price$4,801,500
  • MLS Number1598564
  • Property TypeMulti-Family
  • Sale Date01/09/2025
  • Sale Price$2,900,000
  • StatusSLD

Property

  • Other Structures Barn(s)
  • Site Corner Lot, Level, Other Site, Sidewalks
  • Vehicle Storage 4+ Car, Detached

Utilities

  • Cooling Heat Pump
  • Cooling YN Yes
  • Electric Circuit Breakers
  • Heat System
    • Baseboard
    • Direct Vent Furnace
    • Direct Vent Heater
    • Forced Air
    • Heat Pump
    • Hot Water
    • Radiator
    • Zoned
  • Heating FuelElectric, Gas Bottled, Gas Natural, Oil, Propane
  • Heating YN Yes
  • Recreational Water Nearby
  • Utilities Utilities On

Rooms

  • Bathroom40
  • Bathrooms Total Decimal 35.5
  • Full Bath31
  • Half Baths9

Building

  • BasementBulkhead, Exterior Entry, Interior Entry
  • Building ConstructionWood Frame
  • Flooring Carpet, Concrete, Laminate, Tile, Vinyl, Wood
  • Foundation
    • Block
    • Brick/Mortar
    • Granite
    • Pillar/Post/Pier
    • Poured Concrete
    • Slab
    • Stone
  • GarageYes
  • Garage Spaces8
  • Patio And Porch Features Deck, Patio, Porch
  • Property StyleCape Cod, Colonial, Farmhouse, Other, Ranch
  • Units46
  • Year Built1860

Amenities

  • Other AmenitiesBasement, Water View

Legal

  • ZoningDowntown

Other

  • Date Listed07/30/2024
  • Unit 1 Full Baths 1
  • Unit 1 Level First
  • Unit 1 Monthly Rent $800
  • Unit 1 Rooms 3
  • Unit 1 Water Yes
  • Unit 2 Full Baths 1
  • Unit 2 Lease Yes
  • Unit 2 Level First
  • Unit 2 Monthly Rent $995
  • Unit 2 Rooms 4
  • Unit 2 Water Yes
  • Unit 3 Full Baths 1
  • Unit 3 Level Second
  • Unit 3 Monthly Rent $725
  • Unit 3 Rooms 3
  • Unit 3 Water Yes
  • Unit 4 Full Baths 1
  • Unit 4 Level Second
  • Unit 4 Monthly Rent $725
  • Unit 4 Rooms 3
  • Unit 4 Water Yes
  • View Count1925

Listing data is derived in whole or in part from the Maine IDX & 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. equal opportunity housing logo   Privacy Policy

All Maine Homes participates in ©2026 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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