18 King Street, Waterville, ME, 04901
About This Home
Have you been searching for a true cash flow opportunity or the perfect owner-occupied setup where your tenants help pay the mortgage? This three-unit property checks all the boxes. It features a spacious 4 bedroom apartment, a 2 bedroom apartment, and a 1 bedroom apartment, all of which have been remodeled within the past few years along with several additional upgrades throughout the property. The location is equally appealing. It is within walking distance to the rejuvenated downtown Waterville area and only minutes from the hospital, highway, colleges, and airport. Updated and affordable three unit properties are rare in this market and always in high demand. Whether you are building your investment portfolio or looking for a smart way to live in one unit while renting the other two, this is an opportunity you will not want to miss!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1900
Materials
- Foundation: Block,Stone,Brick/Mortar
- Roof: Metal
- Construction materials: Wood Frame,Shingle Siding,Wood Siding
Type & Style
- Home type: MultiFamily
- Architectural style: New Englander
- Property subType: Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Exterior Entry,Unfinished
Bedrooms & Bathrooms
- Bedrooms: 7
- Bathrooms: 3
- Full bathrooms: 3
Features
- Flooring: Carpet,Laminate,Wood
- Finished area below ground: 0
- Finished area above ground: 2,217
Heating & Cooling
- Heating features: Baseboard,Hot Water
- Cooling features: None
Interior Area
- Total structure area: 2,217
- Total interior livable area: 2,217 sqft
Property
Details
- Parcel number: WAVLM039B057
- Zoning: RC
Features
- Stories: 2
Lot
- Lot size: 5,227 sqft
- Features: City Lot,Near Country Club,Near Golf Course,Near Turnpike/Interstate,Neighborhood,Level
Parking
- Parking features: Paved,1 - 4 Spaces
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Ice Storm
- Winter Weather
- Inland Flooding
- Lightning
- Hurricane
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters Across Maine Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,111 | $13,332 |
| Home Insurance | $101 | $1,212 |
| Property Taxes | $356 | $4,272 |
| Electricity | $322 | $3,867 |
| Total | $1,890 | $22,680 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-14 | Price change | $229,000 |
| 2026-03-05 | Listed for sale | $235,000 |
| 2023-03-31 | Sold | $110,000 |
| 2023-03-31 | Pending sale | $115,000 |
| 2023-02-07 | Contingent | $115,000 |
| 2023-02-03 | Listed for sale | $115,000 |
| 2022-09-25 | Listing removed | -- |
| 2022-07-19 | Listed for sale | $109,900 |
| 2022-07-14 | Pending sale | $109,900 |
| 2022-07-08 | Price change | $109,900 |
| 2022-03-25 | Listed for sale | $119,900 |
For Sale by Agent
View on Zillow