This lovely multifamily home is located in the heart of Waterville. Centered between Oakland and Fairfield the location is ideal. Conveniently located close to shopping, restaurants, entertainment and many other commodities. Also far enough away from downtown that one can enjoy greater means of privacy and a peaceful neighborhood. This home is fully operational. Many renovations have been made in recent years and the home is in remarkably good condition. Aside from ones own personal desire to alter/update the homes interior the house requires little to no adjustments. As an investment property this house is ready to go. This property has untapped potential to be incredibly lucrative and would also make a great owner occupied residency. While its age contributes to its affordability factor, you will be hard pressed to find another deal like this on a property so well preserved and flawlessly functioning. Never the less the revamping of the city of Waterville and continuous developments of Colby College have and will continue to make the city more attractive to prospective tenants. Don't miss out on this special opportunity to capitalize on an increasingly promising investment venture. Additionally this property offers significant value for those who are looking to acquire a home of their own by providing a buyer with means of generating additional income, that you don't have to head to work for everyday. Also noteworthy is the homes high level of efficiency and positive cash flow! Furnace recently serviced, along with recent improvements to the basements plumbing and electrical fixtures.
Lot Features: Level, Sidewalks, Intown, Near Shopping, Near Town, Neighborhood, Near Railroad
Road Surface Type: Paved
Zoning: Residential
Financial
Tax Information
Annual Tax Amount: $2,025
Tax Year: 2021
Utilities
Utility Information
Has Heating
Heating: Hot Water, Baseboard
Electric: Circuit Breakers
Sewer: Public Sewer
Utilities: Utilities On
Utilities On: Yes
Water Source: Public
Water Heater: Electric, Tank
Location
HOA Information
Pets Allowed: No Restrictions
School Information
High School District: Waterville Public Schools
Location Information
Unparsed Address: 22 Ash Street, Waterville, ME 04901
Directions: Start North on Bay Street in Winslow continue to bridge Intersection. Turn left onto US-201 N/Bridge St/Union St follow for 0.2 miles and turn right onto Front Street. Continue for 0.9 miles and turn left onto Ash St. Proceed for 0.1 miles to destination.
Public facts
Beds: 4
Baths: 2.0
Sq. Ft.: 2,395
Stories: 2.0
Lot Size: 5,663 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1890
Year Renovated: —
County: Kennebec County
APN: 384839
Home facts updated by county records on Jul 27, 2026
Around this home
Schools
George J Mitchell School
Public PreK-3 • Assigned • 0.4mi
3/10
Waterville Junior High School
Public 6-8 • Assigned • 2.7mi
5/10
Waterville Senior High School
Public 9-12 • Assigned • 0.9mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 93° expected this year, 15 days in 30 years
4/10 Wind Factor
13% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Waterville, ME • 04901
Average low and high temperatures (°F)
27
11
30
10
43
24
53
36
65
46
77
56
81
62
80
56
73
51
61
41
46
31
32
15
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
84/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.6 hrs
5.1 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$287,000 – $347,000
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