Beautiful 3-Unit Multi-Family in a Desirable Neighborhood Discover a fantastic investment opportunity with this well-maintained three-unit offers newer roof shingles and a boiler, its located in a highly sought-after, quiet neighborhood. Two of the units are spacious 2-bedroom apartments, each offering generous living areas, abundant natural light, and comfortable layouts perfect for families or long-term tenants. The third unit is a bright and efficient 1-bedroom, ideal for singles, couples, or those seeking a low-maintenance living space. Situated within easy walking distance to the local elementary school and other town amenities this property appeals to renters looking for convenience and a family-friendly setting. The area is known for its well-kept homes, pleasant streets, and strong sense of community, an ideal location for reliable rental demand. Whether you're an investor seeking strong income potential or an owner-occupant looking to live in one unit while renting the others, this property offers flexibility, value, and lasting appeal. Seller is willing to owner finance.
Multi-familyProperty Type
1938Year Built
9,147 sq ftLot Size
$113Price/Sq.Ft.
1 spaceParking
Listed by Renee Roy• Better Homes & Gardens Real Estate/The Masiello Group
Investors take notice, 3 unit multi-family building in Waterville close to town.
MREIS #1370303
Feb 26, 2019
Sold
$80,000
$36/sq ft
Oct 30, 2018
Price Changed
$83,900
$38/sq ft
Sep 18, 2018
Listed
$87,500
$40/sq ft
+2
Waterville 3-unit in convenient location, close to shopping, I-95 and more! Fully rented, good income, vinyl siding and open porches on back. 3rd floor unit is more of a studio apartment. Apartments need some updates on the inside. Investors take notice!
MREIS #774021
Nov 15, 2005
Listed
$99,900
$45/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$3,101 (+4.6%)
$14,200 + $168,200
$182,400
2024
$2,964 (+0.5%)
$11,000 + $137,200
$148,200
2023
$2,949 (+47.7%)
$11,000 + $137,200
$148,200
2022
$1,996 (+1.4%)
$8,200 + $69,000
$77,200
2021
$1,969 (−1.0%)
$8,200 + $69,000
$77,200
2020
$1,989
$8,200 + $69,000
$77,200
2019
$1,989 (+1.9%)
$8,200 + $69,000
$77,200
2018
$1,951 (+8.3%)
$8,200 + $69,000
$77,200
2017
$1,801 (+2.3%)
$8,200 + $69,000
$77,200
2016
$1,760 (+6.7%)
$8,200 + $69,000
$77,200
2015
$1,649 (+1.5%)
$9,400 + $49,900
$59,300
2014
$1,625
$9,400 + $49,900
$59,300
Public record
Beds
5
Baths
3
Stories
2
Lot width
—
Lot depth
—
Lot size
8,712 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
2,214
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,214
Year built
1938
Style
Multi-Family (2-4 Unit)
County
Kennebec County
APN
384857
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 27, 2026.
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
80
56
73
51
61
41
46
31
32
15
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
85/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.5 hrs
4.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 8 High St
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $231,450 and $335,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $231K to $335K.