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335 Water Street, Gardiner, ME, 04345

2beds
3baths
5,428sqft
$375,000
$69price/sqft
$3,163/moest. monthly cost
$126,520/yrincome needed

About This Home

Excellent value-add investment opportunity at 335 Water Street in Gardiner, Maine. This mixed-use commercial property offers approximately 2,714± square feet configured as two residential apartments and one ground-level retail/commercial unit, creating multiple income streams under one roof. Strategically located along busy Water Street in Gardiner's downtown corridor, the property benefits from strong visibility, steady traffic counts, and convenient access to local shops, restaurants, and major commuter routes. The combination of residential and commercial tenancy provides investors with diversified cash flow and long-term upside potential. Constructed circa 1900 with classic brick/masonry character, this stand-alone building offers the charm tenants appreciate with the opportunity for continued improvements and rental growth. Ideal for an investor seeking to expand a portfolio with a mixed-use asset in a growing central Maine market. Whether you are looking for immediate income or future appreciation potential, 335 Water Street presents an attractive opportunity to own a three-unit investment property in the heart of Gardiner. Roof, Furnace & AC unit all new within the last 3-4 years Retail and Apartment 1 to be delivered vacant

Getting Around

70
WalkingSomewhat Walkable
0
TransitVery Limited Transit
42
BikeSomewhat Bikeable

Schools

--
Laura E Richards SchoolGrades PK-20.9 mi
5/10
Gardiner Area High SchoolGrades 9-120.7 mi

Construction

Condition

  • Year built: 1900

Materials

  • Foundation: Poured Concrete,Brick/Mortar
  • Roof: Membrane
  • Construction materials: Masonry,Brick

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Exterior Entry,Interior Entry,Daylight,Brick/Mortar

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Flooring: Hardwood
  • Finished area below ground: 2,714
  • Finished area above ground: 2,714
  • Common walls with other units/homes: 2+ Common Walls

Heating & Cooling

  • Heating features: Baseboard
  • Cooling features: Central Air

Interior Area

  • Total structure area: 5,428
  • Total interior livable area: 5,428 sqft

Property

Details

  • Parcel number: GARRM037B110
  • Zoning: 17

Features

  • Waterbody name: kennebec

Lot

  • Lot size: 1,306 sqft
  • Features: Business District,Level

Parking

  • Parking features: No Driveway,None