34 Western Avenue, Waterville, ME, 04901
About This Home
Turn-key Waterville investment with owner support built in. Three fully renovated, furnished apartments already generating $63,000+ in gross annual income as an established short-term rental business, with the current owners ready to hand you the playbook. New to STR? They'll walk you through the operation, booking systems, guest communication, pricing strategy, and pass along their trusted cleaner and existing operational resources, so you're not starting from zero. Experienced investor? Step into cash flow on day one. Prefer long-term tenants or owner-occupancy? The flexibility is built in. Recent updates include new kitchens, bathrooms, flooring, and in-building laundry, and each unit is self-check-in ready with smart locks and furnishings already in place. Strong guest reviews and repeat bookings reflect steady demand from nearby colleges, a hospital, and business travelers. Five-minute walk to Main Street, five to Colby College. Rarely does a proven income property come with this much built-in support.
Getting Around
Very Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1900
Materials
- Foundation: Stone,Granite
- Roof: Metal,Pitched,Shingle
- Construction materials: Wood Frame,Vinyl Siding
Type & Style
- Home type: MultiFamily
- Architectural style: New Englander
- Property subType: Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Interior Entry,Unfinished
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Features
- Storage
- Flooring: Wood,Luxury Vinyl
- Finished area below ground: 0
- Finished area above ground: 2,741
Heating & Cooling
- Heating features: Baseboard,Forced Air,Zoned
- Cooling features: None
Interior Area
- Total structure area: 2,741
- Total interior livable area: 2,741 sqft
Property
Details
- Parcel number: WAVLM044B031
- Zoning: RD
Features
- Levels: Multi/Split
- Stories: 2
- Patio & porch: Porch
- On waterfront: Yes
- Waterbody name: Messalonskee Stream
- Frontage length: Waterfrontage: 85,Waterfrontage Owned: 85
Lot
- Lot size: 0.40 Acres
- Features: City Lot,Level,Open Lot
Parking
- Parking features: Paved,5 - 10 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 | $1,971 | $23,652 |
| Home Insurance | $180 | $2,160 |
| Property Taxes | $631 | $7,572 |
| Electricity | $398 | $4,781 |
| Total | $3,180 | $38,160 |
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 |
|---|---|---|
| 2026-07-04 | Listed for sale | $389,900 |
For Sale by Agent
View on Zillow