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Property view

1145 Waterville Road, 
Skowhegan, ME 04976

$492,500


Bed


4

Baths


3,400

Sq Ft


Multi-Family

Sold

Listed by

Joshua Laverdiere, jlaverdiere@gmail.com

Bought with Real Broker

Keller Williams Realty

MLS#

1654902

Source:

ME MREIS

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About This Home

1145 Waterville Road

Looking for a turnkey investment with strong cash flow and future upside? Welcome to 1145 Waterville Road in Skowhegan--a unique opportunity featuring one single-family home and three single-wide mobile homes all situated on a 2.5-acre lot. This property is already producing over $43,000 annually in net income, making it an excellent option for both seasoned investors and those looking to get started in real estate investing. All four units have been well maintained and thoughtfully updated over time. The current owners have taken pride in the property, completing renovations and improvements that allow the next owner to step in without the need for major work. Beyond the existing income, the property offers additional development potential with space available to add up to two more mobile homes, creating a clear path to increase cash flow and overall return. The setting provides a nice balance of privacy and accessibility, with easy access to town amenities while still offering a spacious, rural feel. Whether you're looking to expand your portfolio, live in one unit while collecting rent, or maximize future development potential, this property checks all the boxes. Opportunities like this--multiple units, solid condition, and built-in upside--don't come along often.

Home Facts

Multi-Family

4 Baths

Built in 1932

Price Summary

550,000

$161 per Sq. Ft.

MLS #:

1654902

Sold:

May 15, 2026


Rooms & Interior

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4

Interior

Living Area:

3,400 Sq. Ft.


Structure

Structure

Architectural Style:

Ranch

Building Area:

3,400 Sq. Ft.

Year Built:

1932


Lot

Lot Size (Sq. Ft):

108,900


Finances & Disclosures

Finances

Price:

$550,000

Price per Sq. Ft:

$161 per Sq. Ft.

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