230 Water Street, Hallowell, ME 04347

New Listing
$400,000
Property Type: Multi-Family Baths: 3 Square Footage: 2,240 Lot Size (sq. ft.): 4,356 Status: Active Under Contract
Current Price: $400,000 List Date: 10/14/2026 Last Modified: 10/21/2026

Overview

Description

Live on the Kennebec River, steps from everything downtown Hallowell has to offer. All this with rental income to help pay the mortgage. This two-unit property combines water frontage, in-town convenience, and strong rental income. Both units have been remodeled, the first floor was completely redone in 2024 and the exterior has just been painted. Each unit has new appliances, new flooring, new kitchen cabinets and new electrical. The one-bedroom, first floor, unit features hardwood flooring and a private deck overlooking the river, and it can come fully furnished. The second unit is a two-story, four-bedroom, two-bath with hardwood floors on the first floor, beautifully remodeled bathrooms, and a washer and dryer included. A boat launch nearby gives you easy river access, and downtown shops and restaurants are within walking distance from your front door. The property is located in the Downtown district, which allows for business use and opens the door to live-work arrangements, of ...

Listing Details MLS# 1684319

Location Information

Street #
230
Street Name
Water
Street Type
Street
County
Kennebec
Town
Hallowell
State/Province
ME
Zip Code
04347
Zip +4
1425
Leased Land
No
Book
14473
Page
41
Map
9
Lot
193
Zoning
Downtown District
Zoning Overlay
Yes
Association
No
School District
RSU 02
Full Tax Amount $
2865
Tax Year
2025
Tree Growth Y/N
No

Contract Information

Original List Price
400000

Property Information

Surveyed
Unknown
Seasonal
No
Owner Occupied
No
Deed/Conveyance Type Offered
Quit Claim w/Covenant
Deed
All
Deed Restrictions
Unknown
2 Detached Houses on 1 Lot
No
Number of Units
2
Total Baths
3
Total Full Baths
3
Color
Blue
Year Built
1900
SqFt Finished Above Grade
2240
SqFt Finished Total
2240
SqFt Source
Public Records
Furniture
Partially
Garage
No
Lot Size Acres +/-
0.1
Source of Acreage
Public Records
Road Frontage
Yes
Road Frontage +/-
34.5
Source of Road Frontage
Public Records
Total Half Baths
0
SqFt Finished Below Grade
0
Garage Spaces
0

Water Info

Water Frontage
Yes
Waterfront Amount
60
Water Frontage Owned
60
Water View
Yes
Water Body Name
Kennebec River
Island
No
Water Frontage Shared
0

Building Info

# Stories
2
# Floors
2
# Heating Units
2
# Water Heaters
2

Units

# of 1 BD Units
Yes
# of 4+ BD Units
Yes

More Information

Unit 1

Lease
Yes
Level
First
Security Deposit
Yes
Monthly Rent
2400
# Full Baths
2
# of Rooms
7
# of Bedrooms
4
Dedicated Electric Meter
Yes
Dedicated Gas Meter
Yes
Dedicated Water Heater
Yes
Electric
Yes
Heat
Yes
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes

Unit 2

Lease
No
Level
First
Security Deposit
Yes
Monthly Rent
1800
# Full Baths
Yes
# of Rooms
3
# of Bedrooms
Yes
Dedicated Electric Meter
Yes
Dedicated Gas Meter
Yes
Dedicated Water Heater
No
Electric
Yes
Heat
No
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes

Utilities

Utilities On
Yes

Levels

Two
Yes

Site

Level
Yes
Open
Yes
Rolling/Sloping
Yes
Sidewalks
Yes

Location

Business District
Yes
Historic District
Yes
Intown
Yes
Near Shopping
Yes
Near Town
Yes
Near Turnpike/Interstate
Yes
Neighborhood
Yes

Roads

Paved
Yes
Public
Yes

Transportation

Deep Water Access
Yes

Source of Water Frontage

Public Records
Yes

Water Body Type

River
Yes

Recreational Water

Deeded
Yes
River/Brook/Stream
Yes
Waterfront Tidal
Yes

Style

Federal
Yes

Construction

Wood Frame
Yes

Structure Type

Duplex
Yes

Basement

Full
Yes
Unfinished
Yes
Walk-Out Access
Yes

View

Scenic
Yes

Foundation Materials

Brick/Mortar
Yes
Granite
Yes
Stone
Yes

Exterior

Wood Siding
Yes

Roof

Shingle
Yes

Heat System

Baseboard
Yes
Hot Water
Yes
Zoned
Yes

Heat Fuel

Oil
Yes
Propane
Yes

Income & Expenses

Gross Income
46368
Operating Expenses
17204

Cooling

None
Yes

Floors

Hardwood
Yes
Laminate
Yes
Vinyl
Yes

Parking

Other Parking
Yes
1 - 4 Spaces
Yes
On Site
Yes

Electric

Circuit Breakers
Yes

Gas

Bottled
Yes

Sewer

Public Sewer
Yes

Water

Public
Yes

Driveway

Paved
Yes

Basement Entry

Interior
Yes

Water Heater

Electric
Yes

Window Features

Double Pane Windows
Yes

Amenities

1st Floor Bedroom
Yes
Laundry - 1st Floor
Yes
Laundry - 2nd Floor
Yes
Laundry - Hookup
Yes
Shower
Yes

Patio and Porch Features

Deck
Yes

Vehicle Storage

No Vehicle Storage
Yes

Property Features

Site: Level; Open; Rolling/Sloping; Sidewalks Location: Business District; Historic District; Intown; Near Shopping; Near Town; Near Turnpike/Interstate; Neighborhood Roads: Paved; Public Transportation: Deep Water Access Source of Water Frontage: Public Records Water Body Type: River Recreational Water: Deeded; River/Brook/Stream; Waterfront Tidal View: Scenic Style: Federal Structure Type: Duplex Levels: Two Construction: Wood Frame Basement: Full; Unfinished; Walk-Out Access Basement Entry: Interior Foundation Materials: Brick/Mortar; Granite; Stone Exterior: Wood Siding Roof: Shingle Heat System: Baseboard; Hot Water; Zoned Heat Fuel: Oil; Propane Water Heater: Electric Cooling: None Floors: Hardwood; Laminate; Vinyl Window Features: Double Pane Windows Amenities: 1st Floor Bedroom; Laundry - 1st Floor; Laundry - 2nd Floor; Laundry - Hookup; Shower Patio and Porch Features: Deck Driveway: Paved Parking: Other Parking; 1 - 4 Spaces; On Site Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: Bottled Sewer: Public Sewer Water: Public

Documents

IDX
Listing Office: Real Broker
Last Updated: October - 21 - 2026
Broker Attribution: 207-212-1523
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. Copyright ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
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