DylanArmstrong
BEDS0
BATHS3 full
SQUARE FEET2,240
MLS#1684319
STATUSActive Under Contract
PROPERTY TYPEMulti Unit - Multiple
SCHOOLRSU 02
Property Description
Live on the Kennebec River, steps from everything downtown Hallowell has to offer. All this with rental income to help pay the mortgage. This two-unit property combines water frontage, in-town convenience, and strong rental income. Both units have been remodeled, the first floor was completely redone in 2024 and the exterior has just been painted. Each unit has new appliances, new flooring, new kitchen cabinets and new electrical. The one-bedroom, first floor, unit features hardwood flooring and a private deck overlooking the river, and it can come fully furnished. The second unit is a two-story, four-bedroom, two-bath with hardwood floors on the first floor, beautifully remodeled bathrooms, and a washer and dryer included. A boat launch nearby gives you easy river access, and downtown shops and restaurants are within walking distance from your front door. The property is located in the Downtown district, which allows for business use and opens the door to live-work arrangements, office space, or a storefront (confirm exact use with CEO). Whether you're an investor looking for steady and profitable rental income or an owner-occupant who wants to live on the river and let the other unit help pay the mortgage, this is a rare find in downtown Hallowell. Also listed as single family MLS #1684605
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Interior Entry, Walk-Out Access, Full, Unfinished
Heating: Oil, Propane, Baseboard, Hot Water, Zoned
Home Style: Federal
Lot Size: 0.10 Acres
Roof Type: Shingle
Taxes: $2,865
Year Built: 1900
Feature Descriptions
Amenities: 1st Floor Bedroom, Main Level, Upper Level, Washer Hookup, Shower
Electric: Circuit Breakers
Exterior: Wood Frame, Wood Siding
Flooring: Laminate, Vinyl, Hardwood
Foundation: Stone, Granite, Brick/Mortar
Lot: Business District, Historic District, Intown, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Level, Open Lot, Rolling Slope, Sidewalks
Parking: Paved,1 - 4 Spaces, On Site, Other Parking
Road Surface: Paved
Sewer: Public Sewer
Special View Info: Scenic
SQ FT Above Grade: 2240
SQ FT Below Grade: 0
Water: Public
Water Body Name: Kennebec River
Local Schools
School District: RSU 02
Listed By / Shown By
Listed By
Agency Name: Real Broker
Agency Contact: 207-212-1523
Shown By
Agent Name: Dylan Armstrong
Agent Phone: (207) 441-6095
Agency Title: Sprague and Curtis Real Estate
Estimate Your Payment
Estimated Payment
$ 1,245.64 per month $890.23 Principal & Interest $238.75 Property Tax $116.67 Homeowner's InsuranceChange Payment Information
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230 Water Street | MLS# 1684319
This multi-family property located at 230 Water Street, Hallowell, ME 04347 is currently listed for sale with an asking price of $400,000. Water Street is located within the RSU 02 school district. Search Hallowell real estate on darmstrong.spragueandcurtis.com today.