328 Water Street, Randolph, ME 04346
$500,000
Property Type:
Multi-Family
Baths:
5
Square Footage:
4,215
Lot Size (sq. ft.):
36,590
Status:
Active
Current Price:
$500,000
List Date:
2/24/2026
Last Modified:
2/25/2026
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# 1652623
Location Information
Book: 12482
Leased Land: No
Page: 250
Map: 1
Lot: 37
Zoning Overlay: Unknown
Association: No
Tree Growth 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
Surveyed: No
Seasonal: No
Owner Occupied: No
Number of Units: 5
Deed/Conveyance Type Offered: Personal Rep
Lot Size Acres +/-: 0.84
Total Baths: 5
Total Half Baths: 0
Road Frontage +/-: 190
SqFt Finished Above Grade: 3345
SqFt Finished Below Grade: 870
SqFt Source: Public Records
Garage: No
Total Full Baths: 5
Year Built: 1848
SqFt Finished Total: 4215
Source of Acreage: Public Records
Site
Level: 1
Open: 1
Well Landscaped: 1
Location
Near Shopping: 1
Near Town: 1
Rural: 1
Roads
Public: 1
Water Info
Water Frontage: No
Water View: Yes
Water Body Name: Kennebec River
Water Body Type
River: 1
Recreational Water
Nearby: 1
River/Brook/Stream: 1
Style
Other: 1
Construction
Wood Frame: 1
Basement
Dirt Floor: 1
Full: 1
Unfinished: 1
Walk-Out Access: 1
View
Scenic: 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
Income & Expenses
Gross Income: 78600
Operating Expenses: 31957.67
Cooling
None: 1
Floors
Carpet: 1
Vinyl: 1
Wood: 1
Units
# of 1 BD Units: 1
# of 2 BD Units: 4
Parking
11 - 20 Spaces: 1
Unit 1
Lease: No
Level: Second
Security Deposit: Yes
Monthly Rent: 1500
# Full Baths: 1
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Electric
Circuit Breakers: 1
Unit 2
Lease: No
Level: Second
Security Deposit: Yes
Monthly Rent: 800
# Full Baths: 1
# of Rooms: 3
# of Bedrooms: 1
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Utilities
Utilities On: Yes
Unit 3
Lease: No
Level: Second
Security Deposit: Yes
Monthly Rent: 1250
# Full Baths: 1
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Gas
No Gas: 1
Unit 4
Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 1500
# Full Baths: 1
# of Rooms: 5
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Sewer
Public Sewer: 1
Unit 5
Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 1500
# Full Baths: 1
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Water
Public: 1
Driveway
Gravel: 1
Paved: 1
Basement Entry
Exterior Only: 1
Water Heater
Off Heating System: 1
Vehicle Storage
No Vehicle Storage: 1
Contract Information
Status: Active
Original List Price: 500000
List Price: $500,000
Current Price: $500,000
Property Features
Site: Level; Open; Well Landscaped
Location: Near Shopping; Near Town; Rural
Roads: Public
Water Body Type: River
Recreational Water: Nearby; River/Brook/Stream
View: Scenic
Style: Other
Construction: Wood Frame
Basement: Dirt Floor; Full; Unfinished; Walk-Out Access
Basement Entry: Exterior Only
Foundation Materials: Brick/Mortar; Stone
Exterior: Composition
Roof: Shingle
Heat System: Baseboard; Hot Water
Heat Fuel: Oil
Water Heater: Off Heating System
Cooling: None
Floors: Carpet; Vinyl; Wood
Driveway: Gravel; Paved
Parking: 11 - 20 Spaces
Vehicle Storage: No Vehicle Storage
Electric: Circuit Breakers
Gas: No Gas
Sewer: Public Sewer
Water: Public
Documents
Deed Public Access ›
Listing Office:
Hoang Realty
IDX
Last Updated: February - 25 - 2026
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