5 Collette Street

Waterville, ME 04901
Baths
3
Square Ft.
1,904
$185,000
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.
Market LogoCourtesy of Tim Dunham Realty 207-729-7297
Listing Snapshot
Days Online
37
Last Updated
Full Baths
2
Partial Baths
1
Square Ft.
1,904
Lot Size
0.14 Acres
Year Built
1947
MLS Number
1640642
Additional Details
Property Access
Road Surface Type: "Paved"
Basement
Basement: "Interior", "Walk-Out Access", "Finished", "Unfinished"
Building
Architectural Style: "Other", Building Area Total: 1,904, Construction Materials: "Aluminum Siding", "Wood Frame", Number Of Units Total: 2, Year Built: 1947
Cooling
Cooling: "None"
Expenses
Operating Expense: $0
Floors
Flooring: "Wood", "Vinyl"
Foundation
Foundation Details: "Concrete Perimeter"
Garage
Garage Included, 2 garage spaces
Heating
Heating: "Baseboard", Heating Included
Income
Gross Income: $0
Lot
Features: "Intown", "Near Golf Course", "Near Shopping", "Near Turnpike/Interstate", "Neighborhood", "Suburban", 0.14 acres, Area: 0.14, 6,098 square feet
Parking
Features: "1 - 4 Spaces", "Paved", "Off Street"
Property
Parcel Number: WAVL-000038-000000-000022, Zoning: Residential
Roof
Roof: "Shingle"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $3,432, Tax Lot: 22
Utilities
Electric: "Circuit Breakers", Water Source: "Public"
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30 Days Snapshot Of 04901
$279k
+3%
(avg) sold price
21
-16%
homes sold
35
+40%
(avg) days on market
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Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.