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  • $185,000

    5 Collette Street, Waterville, ME 04901

    4beds
    1,904sqft
    : 
    Multi Family
    Built in 1947
    -- sqft lot
    $175,200 Zestimate®
    $97/sqft
    $-- HOA

    What's special

    Flexible floor plansFunctional layoutOff-street parking
    Excellent Investment Opportunity - Two-Unit Property with Strong Potential This two-unit property presents a fantastic opportunity for investors, contractors, or owner-occupants seeking a value-add project. Situated in a convenient Waterville neighborhood close to shopping, schools, and commuter routes, this property offers solid fundamentals and ample room for improvement. Each unit features a functional layout, providing flexibility for future rental income or multi-generational living. While the building requires repairs and updates, the property's neighborhood setting and structure make it well suited for renovation and long-term return on investment. Property Highlights: Two separate units with strong income potential Convenient neighborhood setting with easy access to amenities Off-street parking Flexible floor plans offering renovation and customization opportunities Priced to reflect needed improvements This is an ideal opportunity to build equity and create value through thoughtful upgrades. Property is being sold as-is. Price is firm.
    163 days
    |
    736
    |
    17
    |

    Zillow last checked: 7 hours ago

    Listing updated: October 29, 2025 at 04:27pm

    Listed by:

    Tim Dunham Realty 207-729-7297

    Source: Maine Listings,MLS#: 1640642MLS Logo

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 3
      • Full bathrooms: 2
      • 1/2 bathrooms: 1
      Heating
      • Baseboard
      Cooling
      • None
      Features
      • Flooring: Vinyl, Wood
      • Basement: Interior Entry,Walk-Out Access,Finished,Unfinished
      Interior area
      • Total structure area: 1,904
      • Total interior livable area: 1,904 sqft
      • Finished area above ground: 1,904
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 2
      • Parking features: Paved, 1 - 4 Spaces, Off Street
      • Garage spaces: 2
      Features
      • Levels: Multi/Split
      Lot
      • Size: 6,098.4 Square Feet
      • Features: City Lot, Near Golf Course, Near Shopping, Near Turnpike/Interstate, Neighborhood, Suburban
      Details
      • Parcel number: WAVLM038B022
      • Zoning: Residential

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Other
      • Property subtype: Multi Family
      Materials
      • Wood Frame, Aluminum Siding
      • Roof: Shingle
      Condition
      • Year built: 1947

      Utilities & green energy

      • Electric: Circuit Breakers
      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Location
      • Region: Waterville

      Financial & listing details

      • Price per square foot: $97/sqft
      • Tax assessed value: $171,600
      • Annual tax amount: $3,432
      • Date on market: 10/12/2025
      • Road surface type: Paved

        Estimated market value

        $175,200

        $166,000 - $184,000

        $1,702/mo

        Price history

        Price history
        DateEventPrice
        10/29/2025Price change$185,000-7.5%$97/sqft
        Source: Maine Listings #1640642 Report a problem
        10/20/2025Price change$200,000+33.3%$105/sqft
        Source: Maine Listings #1640642 Report a problem
        10/12/2025Listed for sale$150,000$79/sqft
        Source: Maine Listings #1640642 Report a problem
        8/23/2023Listing removed--
        Source: Maine Listings #1565719 Report a problem
        8/9/2023Price change$150,000-14.3%$79/sqft
        Source: Maine Listings #1565719 Report a problem
        8/4/2023Price change$175,000-10.3%$92/sqft
        Source: Maine Listings #1565719 Report a problem
        7/18/2023Listed for sale$195,000$102/sqft
        Source: Maine Listings #1565719 Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2024$3,432 +0.5%$171,600
        2023$3,415 +48.3%$171,600 +92.6%
        2022$2,303 +1.4%$89,100
        2021$2,272 $89,100
        2020$2,272 -1%$89,100
        2019$2,295 +1.9%$89,100
        2018$2,252 +8.3%$89,100
        2017$2,079 +2.4%$89,100
        2016$2,031 -8.3%$89,100 +11.8%
        2015$2,216 +1.5%$79,700
        2014$2,184 $79,700
        2013$2,184 +6.8%$79,700
        2012$2,044 +4%$79,700
        2011$1,965 +2.1%$79,700
        2009$1,925 -1%$79,700
        2008$1,945 -5.8%$79,700
        2006$2,064 $79,700

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $1,111/mo
        Principal & interest
        $954
        Property taxes
        $157
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          Climate risks

          Neighborhood: 04901

          Getting around

          56 / 100
          Somewhat Walkable
          28 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

          Local experts in 04901

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