230 Water St

Hallowell ME 04347

2240 sq. ft.

4356 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

Live on the Kennebec River, steps from everything downtown Hallowell has to offer. All this with rental income to help pay the mortgage. This two-unit property combines water frontage, in-town convenience, and strong rental income. Both units have been remodeled, the first floor was completely redone in 2024 and the exterior has just been painted. Each unit has new appliances, new flooring, new kitchen cabinets and new electrical. The one-bedroom, first floor, unit features hardwood flooring and a private deck overlooking the river, and it can come fully furnished. The second unit is a two-story, four-bedroom, two-bath with hardwood floors on the first floor, beautifully remodeled bathrooms, and a washer and dryer included. A boat launch nearby gives you easy river access, and downtown shops and restaurants are within walking distance from your front door. The property is located in the Downtown district, which allows for business use and opens the door to live-work arrangements, office space, or a storefront (confirm exact use with CEO). Whether you're an investor looking for steady and profitable rental income or an owner-occupant who wants to live on the river and let the other unit help pay the mortgage, this is a rare find in downtown Hallowell.

Features

3 bathrooms

2240 sq. ft. floor area

4356 sq. ft. lot size

Multi-Family

Property history for 230 Water St

2022

Sold

$180,000

03 Jun 2022 by Nathan Laflin, of Laflin & Wolfington Realty

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