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

Status Change Info

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

Water Info

Waterfront: 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

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

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 ›

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.