75 Water Street, Hallowell, ME 04347

$2,900,000

Property Type: Multi-Family Baths: 40 Square Footage: 45,505 Lot Size (sq. ft.): 238,273 Status: Closed

Current Price: $2,900,000 List Date: 7/30/2024 Last Modified: 1/19/2025

Overview

Description

Incredible opportunity to secure your future as an area landlord with 45 residential units and 6 commercial units between Augusta, Gardiner, Hallowell, Chelsea, and Edgecomb. Plenty of existing cash flow to start with almost no vacancies currently. Property management in place. This portfolio has huge cash flow growth potential with many rents below market. See attachments for the property details, recent upgrades, and property nuances / specifics. 'Interior Information' in listing is incomplete, please see attachments for full details, disclosures, income/expenses.

Listing Details MLS# 1598564

Location Information

Street #: 75
Street Name: Water
Street Type: Street
County: Kennebec
Town: Hallowell
State/Province: ME
Zip Code: 04347
Zip +4: 1497
Leased Land: No
Book: 2838
Page: 37
Map: 5
Lot: 153
Zoning: Downtown
Zoning Overlay: Unknown
Association: No
Full Tax Amount $: 46502.02
Tax Year: 2023

Contract Information

Original List Price: 4801500

Property Information

Surveyed: Unknown
Seasonal: No
Number of Units: 46
Total Baths: 40
Total Full Baths: 31
Total Half Baths: 9
Year Built: 1860
SqFt Finished Above Grade: 45505
SqFt Finished Total: 45505
SqFt Source: Public Records
Garage: Yes
Garage Spaces: 8
Lot Size Acres +/-: 5.47
Source of Acreage: Public Records
SqFt Finished Below Grade: 0

Status Change Info

Pending Date: 2024-08-28
Closed Date: 2025-01-09
Closed Price: 2900000

Water Info

Water Frontage: No
Water View: Yes
Water Body Name: Kennebec River

Units

# of 1 BD Units: 22
# of 2 BD Units: 20
# of 3 BD Units: 4

More Information

Unit 1

Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 800
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 2

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 995
# Full Baths: Yes
# 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

Unit 3

Lease: No
Level: Second
Security Deposit: Yes
Monthly Rent: 725
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 4

Lease: No
Level: Second
Security Deposit: Yes
Monthly Rent: 725
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Water: Yes
Sewer: Yes

Unit 5

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 900
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 6

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 744
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 7

Lease: No
Level: Second
Security Deposit: Yes
Monthly Rent: 900
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 8

Lease: Yes
Level: Third
Security Deposit: Yes
Monthly Rent: 1195
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 9

Lease: No
Level: Third
Security Deposit: Yes
Monthly Rent: 850
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 10

Lease: No
Level: First
Security Deposit: No
Monthly Rent: 1200
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 11

Lease: Yes
Level: Second
Security Deposit: No
Monthly Rent: 900
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 12

Lease: No
Level: Second
Security Deposit: Yes
Monthly Rent: 875
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 13

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 3600
# Full Baths: Yes
# of Rooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: No
Refrigerator: No
Sewer: Yes
Water: Yes

Unit 14

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1564.28
# Full Baths: Yes
# of Rooms: 6
# of Bedrooms: 3
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 15

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1100
# Full Baths: Yes
# of Rooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: No
Refrigerator: No
Sewer: Yes
Water: Yes

Unit 16

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 1095
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 17

Lease: No
Level: Second
Security Deposit: Yes
Monthly Rent: 900
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 18

Lease: No
Level: Third
Security Deposit: Yes
Monthly Rent: 900
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 19

Lease: Yes
Level: Third
Security Deposit: Yes
Monthly Rent: 1195
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 20

Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 855
# Full Baths: Yes
# of Rooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 21

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 925
# Full Baths: Yes
# Half Baths: 9
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 22

Lease: No
Level: Second
Security Deposit: Yes
Monthly Rent: 1200
# Full Baths: Yes
# of Rooms: 5
# of Bedrooms: 3
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 23

Lease: No
Level: Second
Security Deposit: Yes
Monthly Rent: 975
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 24

Lease: No
Level: First
Security Deposit: No
Monthly Rent: 1500
# Full Baths: 2
# of Rooms: 5
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 25

Lease: No
Level: Second
Security Deposit: Yes
Monthly Rent: 1295
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 26

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 950
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 27

Lease: No
Level: Second
Security Deposit: Yes
Monthly Rent: 895
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 28

Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 750
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 29

Lease: No
Level: Second
Security Deposit: Yes
Monthly Rent: 1095
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 30

Lease: No
Level: Second
Security Deposit: Yes
Monthly Rent: 925
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Utilities

Utilities On: Yes

Site

Corner Lot: Yes
Level: Yes
Other Site: Yes
Sidewalks: Yes

Location

Business District: Yes
Intown: Yes
Near Shopping: Yes

Roads

Paved: Yes
Public: Yes

Water Body Type

River: Yes

Recreational Water

Nearby: Yes

Style

Cape Cod: Yes
Colonial: Yes
Farmhouse: Yes
Other: Yes
Ranch: Yes

Construction

Wood Frame: Yes

Other Structures

Barn(s): Yes

Levels

Multi-Level: Yes

Basement

Bulkhead: Yes
Crawl Space: Yes
Daylight: Yes
Dirt Floor: Yes
Full: Yes
Partial: Yes
Unfinished: Yes
Walk-Out Access: Yes

Foundation Materials

Block: Yes
Brick/Mortar: Yes
Granite: Yes
Pillar/Post/Pier: Yes
Poured Concrete: Yes
Slab: Yes
Stone: Yes

Exterior

Brick: Yes
Clapboard: Yes
Shingle Siding: Yes
Vinyl Siding: Yes
Wood Siding: Yes

Roof

Flat: Yes
Membrane: Yes
Metal: Yes
Pitched: Yes
Shingle: Yes
Slate: Yes

Heat System

Baseboard: Yes
Direct Vent Furnace: Yes
Direct Vent Heater: Yes
Forced Air: Yes
Heat Pump: Yes
Hot Water: Yes
Radiator: Yes
Zoned: Yes

Heat Fuel

Electric: Yes
Gas Bottled: Yes
Gas Natural: Yes
Oil: Yes
Propane: Yes

Income & Expenses

Gross Income: 640000
Operating Expenses: 165000

Cooling

Heat Pump: Yes

Floors

Carpet: Yes
Concrete: Yes
Laminate: Yes
Tile: Yes
Vinyl: Yes
Wood: Yes

Parking

21+ Spaces: Yes
Off Street: Yes
On Street: Yes
Paved: Yes

Electric

Circuit Breakers: Yes

Gas

Bottled: Yes
Natural - At Street: Yes

Sewer

Private Sewer: Yes
Public Sewer: Yes
Septic Tank: Yes

Water

Private: Yes
Public: Yes
Well: Yes

Driveway

Common: Yes
Gravel: Yes
Paved: Yes

Basement Entry

Bulkhead: Yes
Exterior Only: Yes
Interior: Yes

Water Heater

Electric: Yes

Patio and Porch Features

Deck: Yes
Patio: Yes
Porch: Yes

Vehicle Storage

4+ Car: Yes
Detached: Yes

Property Features

Site: Corner Lot; Level; Other Site; Sidewalks Location: Business District; Intown; Near Shopping Roads: Paved; Public Water Body Type: River Recreational Water: Nearby Style: Cape Cod; Colonial; Farmhouse; Other; Ranch Levels: Multi-Level Construction: Wood Frame Other Structures: Barn(s) Basement: Bulkhead; Crawl Space; Daylight; Dirt Floor; Full; Partial; Unfinished; Walk-Out Access Basement Entry: Bulkhead; Exterior Only; Interior Foundation Materials: Block; Brick/Mortar; Granite; Pillar/Post/Pier; Poured Concrete; Slab; Stone Exterior: Brick; Clapboard; Shingle Siding; Vinyl Siding; Wood Siding Roof: Flat; Membrane; Metal; Pitched; Shingle; Slate Heat System: Baseboard; Direct Vent Furnace; Direct Vent Heater; Forced Air; Heat Pump; Hot Water; Radiator; Zoned Heat Fuel: Gas Bottled; Gas Natural; Oil; Propane Water Heater: Electric Cooling: Heat Pump Floors: Carpet; Concrete; Laminate; Tile; Vinyl; Wood Patio and Porch Features: Deck; Patio; Porch Driveway: Common; Gravel; Paved Parking: 21+ Spaces; Off Street; On Street; Paved Vehicle Storage: 4+ Car; Detached Electric: Circuit Breakers Gas: Bottled; Natural - At Street Sewer: Private Sewer; Public Sewer; Septic Tank Water: Private; Public; Well

Documents

Property List ›

Income & Expenses ›

Augusta - 18-20 Crosby St Docs ›

Augusta - 41 State St Docs ›

Augusta - 84 Mt Vernon Ave Docs ›

Augusta - 90 Mt Vernon Ave Docs ›

Chelsea - 231 Togus Rd Docs ›

Edgecomb - 7 Englebrekt Rd Docs ›

Gardiner - 58 Winter St Docs ›

Gardiner - 64 Winter St Docs ›

Gardiner - 243-247 Water St Docs ›

Hallowell - 33-35 Water St Docs ›

Hallowell - 75 Water St Docs ›

Hallowell - 104, 106, 108 Water St Docs ›

Hallowell - 138-140 Second St Docs ›

Hallowell - 335 Water St Docs ›

Hallowell - Front St Docs ›

IDX

Listing Office: AllMaineHomes, LLC

Selling Office: Spectrum Real Estate

Last Updated: January - 19 - 2025

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 ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.