5 Collette StreetWaterville, ME 04901MLS Number 1640642

Price: $185,000
Est. Mortgage of $/month
267 Days on Market

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.

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Tax Information

Parcel Number WAVL-000038-000000-000022
Taxes$3,432

Basic Information

List Price$185,000
LocationTypeIntown, Near Country Club, Near Golf Course, Near Shopping, Near Turnpike/Interstate, Neighborhood, Suburban
MLS Number1640642
Property TypeMulti-Family
StatusACT

Property

Road Surface Type Paved
Sign On Property YN Yes
Site Other Site
Vehicle Storage 2 Car

Amenities

Other AmenitiesBasement

Water Body

Water AccessPublic

Legal

ZoningResidential

Parking

Parking 1 - 4 Spaces, Off Street
Parking Features 1 - 4 Spaces, Paved, Off Street

Location

Address5 Collette Street
Building Number5
CountyKennebec
StateME
StreetCollette Street
TownWaterville
Zip04901

Interior

Furnished Unfurnished

Exterior

Exterior Aluminum Siding
RoofShingle

Property Information

Acreage0.14
Lot Features Intown, Near Golf Course, Near Shopping, Near Turnpike/Interstate, Neighborhood, Suburban
Square Feet1,904

Other

Attribution Contact 207-729-7297
Date Listed10/12/2025
Unit 1 Full Baths 1
Unit 1 Level First
Unit 1 Rooms 4
Unit 1 Water Yes
Unit 2 Full Baths 1
Unit 2 Half Baths 1
Unit 2 Level Second
Unit 2 Rooms 5
Unit 2 Water Yes

Rooms

Bathroom3
Bathrooms Total Decimal 2.5
Full Bath2
Half Baths1

Building

BasementInterior, Walk-Out Access, Finished, Unfinished
Building ConstructionWood Frame
Flooring Wood, Vinyl
FoundationPoured Concrete
GarageYes
Garage Spaces2
Property StyleOther
Units2
Year Built1947

Utilities

Electric Circuit Breakers
Heat SystemBaseboard
Heating FuelElectric
Heating YN Yes
Waste Water DisposalPublic Sewer

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial 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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5 Collette StreetWaterville, ME 04901MLS Number 1640642

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