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Bean Group
Offered at $309,000Pending
beds
—
baths
3
sq ft
2,800
Built
1935

4 Sherwin Street

Waterville, ME 04901

About this home

3-unit investment opportunity in Waterville with all units vacant and ready for occupancy! A rare chance to set your own rents, choose your own tenants, or owner-occupy while generating rental income. Each apartment occupies its own private floor, offering an attractive layout with a 2-bedroom unit on the first floor and spacious 3-bedroom units on both the second and third floors. Major capital improvements have already been completed, including a new roof (2 years old), new furnace (Less than 2 years old), new oil tank in 2022, updated electrical panels, plumbing improvements, replacement windows, fresh interior paint, updated trim, cabinets, and flooring. Each unit features its own dedicated storage room located just outside the apartment at the end of the hallway. The full walk-in basement provides laundry hookups, ample utility/storage space, and easy access to building equipment for easy servicing. With strong rental potential, ongoing updates, and the flexibility of a completely vacant building, this well-maintained multi-family property is an outstanding opportunity for both seasoned investors and owner-occupants alike. Don't miss your chance to add a quality income-producing property to your portfolio. The seller is finishing up the final cosmetic touches to the building!

Listing last checked: Listing updated:

Listed by Listing Agent · Hearth & Key Realty · MLS #1672190

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Details at a glance

Interior3 property facts
Heating
Oil, Baseboard
Cooling
None
Flooring
Carpet, Laminate, Vinyl, Hardwood
Building3 property facts
Style
Other
Year built
1935
Roof
Shingle
Land & utilities4 property facts
Lot size
0.11 acres
Water
Public
Sewer
Public Sewer
Zoning
RC
Financial2 property facts
Annual taxes
$2,759
Assessment year
2025

Location

Estimated monthly cost

Explore costs at the $309,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$1,792 / monthAdjust
Principal & interest
$1,562
Property tax
$230
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $2,759. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.

Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

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About 4 Sherwin Street

Can I request a private showing?

Request a tour of 4 Sherwin Street and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.