This home's estimate is 11% higher than the average sale price ($227K) of 6 comparable homes.
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10 Gray St, Waterville, ME 04901
About this home
Investors take notice -- this 4-unit property offers strong potential for both new and seasoned investors alike. Conveniently located just minutes from downtown Waterville, tenants will enjoy quick access to shopping, restaurants, and everyday essentials. The property offers the opportunity to generate consistent rental income while building long-term equity in one of Central Maine's growing rental markets. Whether you're looking to expand your portfolio, owner-occupy while collecting rental income, or secure your first multifamily investment, this property checks all the boxes. With its desirable location, income-producing potential, and proximity to local amenities, this is an opportunity you won't want to miss.
Redfin Estimate
Market trends in 04901, ME
Last updated September 2026
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Sale and tax history for 10 Gray St
- Sale History
- Tax History
$96/sq ft
$111/sq ft
$67/sq ft
$76/sq ft
$80/sq ft
$84/sq ft





4 unit multi-family, fully occupied and includes 3 one-bedroom units and 1 two bedroom units. Tenants are all long term renters and with-in walking distance of downtown Waterville.
$51/sq ft
$24/sq ft
Public record
Property details
Parking
- Parking Information
- Has Garage
- # of Garage Spaces: 1
- Parking Features: Paved, 1 - 4 Spaces
- Vehicle Storage: 1 Car
Interior
- Bathroom Information
- # of Baths (Full): 4
- Basement Information
- Basement Entry: Exterior Entry, Interior Entry, Full, Unfinished
- Interior Features
- Flooring: Vinyl
- Multi-Unit Information
- # of Units Total: 4
- # of 2 Bedroom Units: 4
- Operating Expense: $29,640
- Gross Income: $46,800
- Unit 1 Information
- # of Baths (Full): 1
- # of Bedrooms: 2
- # of Rooms: 4
- Actual Rent: $975
- Dedicated Electric Meter: No
- Dedicated Gas Meter: No
- Dedicated Water Heater: No
- Electric: Yes
- Has Heat: Yes
- Level: First
- Refrigerator: Yes
- Sewer: Yes
- Water: Yes
- Unit 2 Information
- # of Baths (Full): 1
- # of Bedrooms: 2
- # of Rooms: 4
- Actual Rent: $975
- Dedicated Electric Meter: No
- Dedicated Gas Meter: No
- Dedicated Water Heater: No
- Electric: Yes
- Has Heat: Yes
- Level: Second
- Refrigerator: Yes
- Sewer: Yes
- Water: Yes
- Unit 3 Information
- # of Baths (Full): 1
- # of Bedrooms: 2
- # of Rooms: 14
- Actual Rent: $975
- Dedicated Electric Meter: No
- Dedicated Gas Meter: No
- Dedicated Water Heater: No
- Electric: Yes
- Has Heat: Yes
- Level: Second
- Refrigerator: Yes
- Sewer: Yes
- Water: Yes
- Unit 4 Information
- # of Baths (Full): 1
- # of Bedrooms: 2
- # of Rooms: 3
- Actual Rent: $975
- Dedicated Electric Meter: No
- Dedicated Gas Meter: No
- Dedicated Water Heater: No
- Electric: Yes
- Has Heat: Yes
- Level: First
- Refrigerator: Yes
- Sewer: Yes
- Water: Yes
Exterior
- Building Information
- Construction Materials: Wood Frame, Asphalt
- Foundation Details: Brick/Mortar
- Roof: Shingle
- Total Building Area (Sq. Ft.): 2,250
- Property Information
- Year Built: 1900
- Above-Grade Finished Area (Sq. Ft.): 2,250
- Lot Information
- Lot Size (Sq. Ft.): $5,662.80
- Lot Size (Acres): 0.13
- Lot Size Source: Public Records
- Lot Features: Neighborhood, Level
- Zoning: RC
Financial
- Tax Information
- Annual Tax Amount: $3,002
- Tax Year: 2025
Utilities
- Utility Information
- Has Heating
- Heating: Baseboard, Hot Water
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Utilities On: Yes
- Water Source: Public
- Water Heater: Electric, Off Heating System
Location
- HOA Information
- Pets Allowed: No Dogs Allowed
- Location Information
- Unparsed Address: 10 Gray Street, Waterville, ME 04901
- Directions: GPS Friendly
Public facts
- Beds: 5
- Baths: 4.0
- Sq. Ft.: 2,250
- Stories: 2.0
- Lot Size: 5,663 square feet
- Style: Multi-Family (5+ Unit)
- Year Built: 1900
- Year Renovated: —
- County: Kennebec County
- APN: 381846
Around this home
Schools
Public 4-5 • Assigned • 0.5mi
Public 6-8 • Assigned • 1.6mi
Public 9-12 • Assigned • 0.7mi
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 93° expected this year, 15 days in 30 years
11% chance of strong winds in next 30 years
0 unhealthy days expected this year, 0 days in 30 years
Sun exposure
Very good sunlight
SunscoreThere appears to be minimal shading by surrounding buildings, terrain, and vegetation.
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Nearby similar homes
New listings for sale in 04901
Home values near 10 Gray St
| Address | Redfin Estimate |
|---|---|
5 Beds | 2 Baths | 1768 Sq. Ft. | $196,195 |
3 Beds | 1.5 Baths | 1390 Sq. Ft. | $131,974 |
| Address | Redfin Estimate |
|---|---|
5 Beds | 2 Baths | 1952 Sq. Ft. | $219,720 |
8 Beds | 3 Baths | 4080 Sq. Ft. | $267,138 |
| Address | Redfin Estimate |
|---|---|
5 Beds | 5 Baths | 2202 Sq. Ft. | — |
3 Beds | 1 Baths | 1369 Sq. Ft. | $174,263 |
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