This property has great income potential. A very unique 5 unit that has three 3 bedroom units and one of those has 2 baths. 12 total bedrooms, which can certainly generate great revenue. Many of the units have beautiful hardwood floors, updated kitchen and living space and they all have ample storage and lots of room. All units are occupied, but the seller will vacate at closing, to open up the 3 bedroom, two bath unit...if the buyer wants to live on premises. Rent could be increased to be in line with the local rental market. The seller has owned and occupied the property for 47 years.
Closed
$317,000
366 Water Street, Skowhegan, ME 04976
12beds
--baths
4,875sqft
Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
$65/sqft
$1,606 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: January 16, 2025 at 07:06pm
Listed by:
EXP Realty
Bought with:
EXP Realty
Source: Maine Listings,MLS#: 1578431

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
Heating
- Baseboard
Cooling
- Has cooling: Yes
Appliances
- Laundry: Washer Hookup
Features
- Walk-In Closet(s), 1st Floor Bedroom, One-Floor Living, Pantry, Storage
- Flooring: Wood, Vinyl
- Basement: Interior,Brick/Mortar,Other,Partial,Unfinished
Interior area
- Total structure area: 4,875
- Total interior livable area: 4,875 sqft
- Finished area above ground: 4,875
- Finished area below ground: 0
Property
Parking
- Parking features: 5 - 10 Spaces, Paved
Lot
- Size: 9,583 sqft
- Features: Rolling/Sloping, Open Lot, Level, City Lot, Near Shopping
Details
- Additional structures: Outbuilding, Shed(s)
- Parcel number: SKOWM29B212
- Zoning: Urban
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other,New Englander
- Property subtype: Multi Family
Materials
- Vinyl Siding, Wood Frame
- Foundation: Granite, Slab, Brick/Mortar
- Roof: Metal
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On
Community & neighborhood
Location
- Region: Skowhegan
Other
Other facts
- Road surface type: Paved