In a somewhat challenging time of purchasing real estate, often you have to think outside the box. This two unit located in Waterville is one of those cases. With some creative ideas, sweet equity and a little bit of time, it can easily be turned into a great investment! Priced to sell quickly, come take a look!
MREIS #1597760
Aug 16, 2024
Sold
$150,000
$67/sq ft
Jul 22, 2024
Listed
$150,000
$67/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$3,004 (+7.7%)
$28,500 + $148,200
$176,700
2024
$2,788 (+0.5%)
$19,900 + $119,500
$139,400
2023
$2,774 (+47.2%)
$19,900 + $119,500
$139,400
2022
$1,884 (+1.3%)
$15,000 + $57,900
$72,900
2021
$1,859 (−1.0%)
$15,000 + $57,900
$72,900
2020
$1,878
$15,000 + $57,900
$72,900
2019
$1,878 (+2.0%)
$15,000 + $57,900
$72,900
2018
$1,842 (+8.3%)
$15,000 + $57,900
$72,900
2017
$1,701 (+2.3%)
$15,000 + $57,900
$72,900
2016
$1,662 (−10.9%)
$15,000 + $57,900
$72,900
2015
$1,865 (+1.4%)
$17,200 + $49,900
$67,100
2014
$1,839
$17,200 + $49,900
$67,100
Tax history for 40 Silvermount St
Year
Property tax
Land + Additions
Assessment*
2025
$3,004 (+7.7%)
$28,500 + $148,200
$176,700
2024
$2,788 (+0.5%)
$19,900 + $119,500
$139,400
2023
$2,774 (+47.2%)
$19,900 + $119,500
$139,400
2022
$1,884 (+1.3%)
$15,000 + $57,900
$72,900
2021
$1,859 (−1.0%)
$15,000 + $57,900
$72,900
2020
$1,878
$15,000 + $57,900
$72,900
2019
$1,878 (+2.0%)
$15,000 + $57,900
$72,900
2018
$1,842 (+8.3%)
$15,000 + $57,900
$72,900
2017
$1,701 (+2.3%)
$15,000 + $57,900
$72,900
2016
$1,662 (−10.9%)
$15,000 + $57,900
$72,900
2015
$1,865 (+1.4%)
$17,200 + $49,900
$67,100
2014
$1,839
$17,200 + $49,900
$67,100
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
4
Baths
2
Stories
3
Lot width
—
Lot depth
—
Lot size
8,712 Sq. Ft.
Year renovated
—
Sq. Ft.
2,233
Year built
1914
Style
Multi-Family (2-4 Unit)
County
Kennebec County
APN
381509
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 27, 2026.
Property details
Parking
Parking Information
Parking Features: 1 - 4 Spaces, Paved
Interior
Basement Information
Basement Entry: Interior, Full, Unfinished
Interior Features
Flooring: Wood, Laminate
Multi-Unit Information
# of Units Total: 2
# of 3 Bedroom Units: 1
# of 4 Bedroom Units: 1
Operating Expense: $16,088
Gross Income: $44,220
Exterior
Building Information
Construction Materials: Wood Siding, Wood Frame
Foundation Details: Concrete Perimeter
Roof: Metal
Total Stories: 3
Total Building Area (Sq. Ft.): 2,233
Property Information
Year Built: 1914
Above-Grade Finished Area (Sq. Ft.): 2,233
Levels: Multi-Level
Lot Information
Lot Size (Sq. Ft.): $8,712
Lot Size (Acres): 0.2
Lot Size Source: Public Records
Lot Features: Level, Intown, Near Shopping, Near Town
Zoning: RB
Financial
Tax Information
Annual Tax Amount: $3,004
Tax Year: 2025
Utilities
Utility Information
Has Heating
Heating: Forced Air
Electric: Circuit Breakers
Sewer: Public Sewer
Utilities: Utilities On
Utilities On: Yes
Water Source: Public
Water Heater: Electric
Location
Location Information
Unparsed Address: 40 Silvermount Street, Waterville, ME 04901
Public facts
Beds: 4
Baths: 2.0
Sq. Ft.: 2,233
Stories: 3.0
Lot Size: 8,712 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1914
Year Renovated: —
County: Kennebec County
APN: 381509
Home facts updated by county records on Jul 27, 2026
Around this home
Schools
Albert S Hall School
Public 4-5 • Assigned • 0.8mi
5/10
Waterville Junior High School
Public 6-8 • Assigned • 1.1mi
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
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.
7.7 hrs
3.1 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$328,000 – $398,000
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