Fully occupied 9 unit Downtown Waterville located within an opportunity zone. Recent updates in 2021 include natural gas conversion, new heating systems, electrical updates, paint and flooring throughout. Separated heat and electricity. Strong occupancy and rental history. Minutes to Colby, Thomas, and area Hospitals.
Multi-familyProperty Type
1920Year Built
8,712 sq ftLot Size
$146Price/Sq.Ft.
11 spacesParking
Listed by Matthew Boulerice• New England Realty Group LLC
Bought with Francois Rodrigue• Keller Williams Realty
Property is an 8 unit Multifamily building and the two family home next to it. Last year Spring place was being renovated so there was no income for that property, but it is fully rented now.
MREIS #1471733
Mar 24, 2021
Sold
$220,000
$49/sq ft
Oct 6, 2020
Listed
$399,000
$88/sq ft
Property is an 8 unit Multifamily building that may be offered as a package deal with the two family home directly in front of it.
MREIS #625291
May 27, 2003
Listed
$114,900
$25/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$6,975 (+16.3%)
$28,500 + $381,800
$410,300
2024
$6,000 (+0.5%)
$11,000 + $289,000
$300,000
2023
$5,970 (+54.4%)
$11,000 + $289,000
$300,000
2022
$3,867 (+9.3%)
$8,200 + $141,400
$149,600
2021
$3,539 (−1.0%)
$8,200 + $130,600
$138,800
2020
$3,575
$8,200 + $130,600
$138,800
2019
$3,575 (+1.9%)
$8,200 + $130,600
$138,800
2018
$3,507 (+8.3%)
$8,200 + $130,600
$138,800
2017
$3,238 (+2.3%)
$8,200 + $130,600
$138,800
2016
$3,165 (+38.3%)
$8,200 + $130,600
$138,800
2015
$2,288 (+1.5%)
$6,900 + $75,400
$82,300
2014
$2,255
$6,900 + $75,400
$82,300
Tax history for 4 Spring Pl
Year
Property tax
Land + Additions
Assessment*
2025
$6,975 (+16.3%)
$28,500 + $381,800
$410,300
2024
$6,000 (+0.5%)
$11,000 + $289,000
$300,000
2023
$5,970 (+54.4%)
$11,000 + $289,000
$300,000
2022
$3,867 (+9.3%)
$8,200 + $141,400
$149,600
2021
$3,539 (−1.0%)
$8,200 + $130,600
$138,800
2020
$3,575
$8,200 + $130,600
$138,800
2019
$3,575 (+1.9%)
$8,200 + $130,600
$138,800
2018
$3,507 (+8.3%)
$8,200 + $130,600
$138,800
2017
$3,238 (+2.3%)
$8,200 + $130,600
$138,800
2016
$3,165 (+38.3%)
$8,200 + $130,600
$138,800
2015
$2,288 (+1.5%)
$6,900 + $75,400
$82,300
2014
$2,255
$6,900 + $75,400
$82,300
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
9
Baths
9
Stories
3
Lot width
—
Lot depth
—
Lot size
8,712 Sq. Ft.
Year renovated
—
Sq. Ft.
4,530
Year built
1920
Style
Multi-Family (5+ Unit)
County
Kennebec County
APN
382704
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 27, 2026.
Property details
Parking
Parking Information
Parking Features: 11 - 20 Spaces, Common
Interior
Bathroom Information
# of Baths (Full): 9
Basement Information
Basement Entry: Interior, Full, Unfinished
Interior Features
Flooring: Wood, Vinyl
Multi-Unit Information
# of Units Total: 9
# of 1 Bedroom Units: 8
# of 2 Bedroom Units: 1
Operating Expense: $19,735
Gross Income: $93,120
Unit 1 Information
# of Bedrooms: 1
Actual Rent: $925
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 2 Information
# of Bedrooms: 1
Actual Rent: $875
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Level: Second
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 3 Information
# of Bedrooms: 1
Actual Rent: $725
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: Yes
Level: Third
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 4 Information
# of Bedrooms: 1
Actual Rent: $800
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Level: Second
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 5 Information
# of Bedrooms: 1
Actual Rent: $650
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 6 Information
# of Bedrooms: 2
Actual Rent: $1,050
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Level: Second
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 7 Information
# of Bedrooms: 1
Actual Rent: $925
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Level: Third
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 8 Information
# of Bedrooms: 1
Actual Rent: $975
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 9 Information
# of Bedrooms: 1
Actual Rent: $835
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes
Exterior
Building Information
Construction Materials: Asbestos, Wood Frame
Roof: Metal
Total Building Area (Sq. Ft.): 4,530
Property Information
Year Built: 1920
Above-Grade Finished Area (Sq. Ft.): 4,530
Levels: Multi-Level
Lot Information
Lot Size (Sq. Ft.): $8,712
Lot Size (Acres): 0.2
Lot Size Source: Public Records
Lot Features: Open, Intown, Near Shopping, Near Turnpike/Interstate
Road Frontage Type: Private Road
Zoning: CA
Financial
Tax Information
Annual Tax Amount: $5,970
Tax Year: 2024
Utilities
Utility Information
Has Heating
Heating: Other Heat System, Direct Vent Furnace
Electric: Circuit Breakers
Sewer: Public Sewer
Utilities: Utilities On
Utilities On: Yes
Water Source: Public
Water Heater: Off Heating System
Location
Location Information
Unparsed Address: 4 Spring Place, Waterville, ME 04901
Public facts
Beds: 9
Baths: 9.0
Sq. Ft.: 4,530
Stories: 3.0
Lot Size: 8,712 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1920
Year Renovated: —
County: Kennebec County
APN: 382704
Home facts updated by county records on Jul 27, 2026
Around this home
Schools
Albert S Hall School
Public 4-5 • Assigned • 0.2mi
5/10
Waterville Junior High School
Public 6-8 • Assigned • 1.9mi
5/10
Waterville Senior High School
Public 9-12 • Assigned • 0.5mi
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, 16 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
79
58
73
51
61
41
46
31
32
15
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 7.7 hours in
June and 3.1 hours in December, placing it below the
U.S. average for solar exposure.