328 Water Street, Randolph, ME 04346
$500,000
Property Type:
Commercial
Square Footage:
3,345
Lot Size (sq. ft.):
36,590
Status:
Active
Current Price:
$500,000
List Date:
2/24/2026
Last Modified:
2/24/2026
Description
Awesome five-unit multi-family property situated on a hill overlooking the Kennebec River. This property offers exceptional views and is located in a desirable neighborhood with a convenient location.
The asset features an open, level lot with a well-maintained lawn and ample parking. While the units currently require some deferred maintenance, the property presents a significant high-income opportunity for investors looking for strong growth potential.
Supplements: ********
More Information MLS# 1652616
Location Information
Book: 12482
Leased Land: No
Page: 250
Map: 1
Lot: 37
Tree Growth Y/N: No
Association Y/N: No
Street #: 328
Street Name: Water
Street Type: Street
County: Kennebec
Town: Randolph
State/Province: ME
Zip Code: 04346
Zip +4: 5368
Zoning: Residential Commerci
Full Tax Amount $: 4925.22
Tax Year: 2025
Geo Lat: 44.226083
Geo Lon: -69.760648
Property Information
Primary Use: Multi Family
Surveyed: No
Deed/Conveyance Type Offered: Personal Rep
Deed: All
Lot Size Acres +/-: 0.84
Tenancy: Multiple Tenants
Leases: No
Road Frontage +/-: 190
Total # Floors: 3
Year Built: 1848
SqFt Finished Total: 3345
Location
Near Turnpike/Interstate: 1
Water View: 1
Commercial Bldg Information
Gross Income: 78600
Operating Expenses: 31883
Total Units: 5
Water Info
Water Frontage: No
Water View: Yes
Water Body Name: Kennebec River
Property Uses
Commercial: 1
Water Body Type
River: 1
Recreational Water
Nearby: 1
River/Brook/Stream: 1
Construction
Wood Frame: 1
Basement
Dirt Floor: 1
Full: 1
Unfinished: 1
Walk-Out Access: 1
Foundation Materials
Brick/Mortar: 1
Stone: 1
Exterior
Composition: 1
Roof
Shingle: 1
Heat System
Baseboard: 1
Hot Water: 1
Heat Fuel
Electric: 1
Oil: 1
Cooling
None: 1
Floors
Carpet: 1
Vinyl: 1
Wood: 1
Parking
11 - 20 Spaces: 1
Electric
Circuit Breakers: 1
Utilities
Utilities On: Yes
Gas
No Gas: 1
Sewer
Public Sewer: 1
Water
Public: 1
Contract Information
Status: Active
Original List Price: 500000
List Price: $500,000
Current Price: $500,000
Property Features
Location: Near Turnpike/Interstate; Water View
Water Body Type: River
Recreational Water: Nearby; River/Brook/Stream
Construction: Wood Frame
Property Uses: Commercial
Basement: Dirt Floor; Full; Unfinished; Walk-Out Access
Foundation Materials: Brick/Mortar; Stone
Exterior: Composition
Roof: Shingle
Heat System: Baseboard; Hot Water
Heat Fuel: Oil
Cooling: None
Floors: Carpet; Vinyl; Wood
Parking: 11 - 20 Spaces
Electric: Circuit Breakers
Gas: No Gas
Sewer: Public Sewer
Water: Public
Documents
Deed Public Access ›
Listing Office:
Hoang Realty
IDX
Last Updated: February - 24 - 2026
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.