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Multi-Family for Sale: 75 Water Street, Hallowell, ME 04347 SOLD

31 full, 9 half baths
$2,900,000
$2,900,000
75 Water Street, Hallowell, ME 04347 SOLD
31 full, 9 half baths
$2,900,000
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Selling Price: $2,900,000
Original List Price: $4,801,500
Sold at 60.4% of list price
Sold Date: 01/09/2025
Type Multi-Family
Style Cape, Ranch, Multi-Level, Farmhouse, Colonial
Baths 31 full, 9 half baths
Square Feet 45,505 sqft
Lot Size 5.47 acres
Year Built 1860
Taxes Paid $46,502
City Hallowell
County Kennebec
MLS 1598564
Status Closed
DOM 163 days
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.

Room Features

Basement Description Bulkhead, Walk-Out Access, Unfinished, Partial, Interior Entry, Full, Exterior Only, Exterior Entry, Dirt Floor, Daylight, Crawl Space

Lot & Building Features

Cooling Heat Pump
Tax Year 2023
Taxes Paid $46,502

Unit Features

Unit 1 Full Baths 1
Unit 1 of Bedrooms 1
Unit 1 of Rooms 3
Unit 2 Full Baths 1
Unit 2 of Bedrooms 2
Unit 2 of Rooms 4
Unit 3 Full Baths 1
Unit 3 of Bedrooms 1
Unit 3 of Rooms 3
Unit 4 Full Baths 1
Unit 4 of Bedrooms 1
Unit 4 of Rooms 3
Unit 5 Full Baths 1
Unit 5 of Bedrooms 1
Unit 5 of Rooms 3
Unit 6 Full Baths 1
Unit 6 of Bedrooms 1
Unit 6 of Rooms 3
Unit 7 Full Baths 1
Unit 7 of Bedrooms 1
Unit 7 of Rooms 3
Unit 8 Full Baths 1
Unit 8 of Bedrooms 2
Unit 8 of Rooms 4
Unit 9 Full Baths 1
Unit 9 of Bedrooms 1
Unit 9 of Rooms 4
Unit 10 Full Baths 1
Unit 10 of Bedrooms 2
Unit 10 of Rooms 4

Price History of 75 Water Street, Hallowell, ME

Date Name Price Difference
07/30/2024 Listing Price $2,900,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Listed by AllMaineHomes, Daniel Hildebrandt 207-623-2100
Sold by Spectrum Real Estate, Anthony Donovan 207-805-3707
$
20%
1.6035179310345%
6.75%
$
$
$
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Listing information courtesy of: AllMaineHomes

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. ©2025 Maine Real Estate Information System, Inc. All Rights Reserved. This web site does not display complete Maine Listings. Certain Maine Listings of other real estate brokerage firms have been excluded.