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22 Water Street, 
Waterville, ME 04901

$268,500


Bed


2

Baths


2,250

Sq Ft


Multi-Family

Pending

Listed by

Aaron Spiller

Rockstar Real Estate

Last updated:

April 25, 2026, 07:31 AM

MLS#

1655202

Source:

ME MREIS

About This Home

22 Water Street

Welcome to 22 Water Street in Waterville. Turnkey, income-producing two-unit with strong cash flow. Built in 2015, and perfectly positioned in a convenient in-town location, (you can see Lockwood Hotel from the yard!) This well-maintained two-unit property is fully tenanted, offering immediate, reliable income from day one. Each unit features comfortable layouts with generous living spaces, abundant natural light, and practical floor plans that appeal to long-term renters. The property has been consistently occupied, reflecting its desirability and the strength of the local rental market. Key highlights include: Strong, consistent rental income with both units currently leased. Separate living spaces that provide privacy and tenant satisfaction. Low-maintenance exterior and manageable lot size and off-street parking. Prime location near downtown Waterville, shopping, dining, and local employers. Situated just minutes from the vibrant downtown, the property benefits from proximity to Colby College, the Kennebec River waterfront, and ongoing revitalization efforts that continue to enhance the area's appeal and property values. This one checks all the boxes.

Home Facts

Multi-Family

2 Baths

Built in 2015

Price Summary

268,500

$119 per Sq. Ft.

MLS #:

1655202

Last Updated:

April 25, 2026, 07:31 AM


Rooms & Interior

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

2,250 Sq. Ft.


Structure

Structure

Building Area:

2,250 Sq. Ft.

Year Built:

2015


Lot

Lot Size (Sq. Ft):

3,484


Finances & Disclosures

Finances

Price:

$268,500

Price per Sq. Ft:

$119 per Sq. Ft.

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MREIS Multiple Listing Service™ systemListing data is derived in whole or in part from the Maine IDX & 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

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.