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$500,000 Just Listed

  • For Sale
  • Active
  • Commercial Multi-Family
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Awesome five-unit multi-family property situated on a hill overlooking the Kennebec River. This property offers exceptional views and is located in a desirable neighborhood with a convenient location. The asset features an open, level lot with a well-maintained lawn and ample parking. While the units currently require some deferred maintenance, the property presents a significant high-income opportunity for investors looking for strong growth potential.

Full Property Details for 328 Water St

General

  • Price: $500,000
  • Taxes: $4,925 (2025)
  • Status: Active
  • Type: Commercial Multi-Family
  • Source: MREIS
  • MLS ID: 1652616
  • Updated: Today (2/24/2026)
  • Added to Site: Today

Business

  • Business Type: Commercial

Interior

  • Flooring: Wood, Vinyl, Carpet

Parking

  • Parking Features: 11 - 20 Spaces

Location

  • County: Kennebec

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Hot Water, Baseboard

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Composition, Wood Frame
  • Roof: Shingle
  • Stories/Levels: 3
  • Building Size: 3345
  • Square Feet: 3,345
  • Living Area: 3,345 Sq. Ft.
  • Year Built: 1848

Lot Features

  • Lot Size (Acres): 0.84
  • Lot Size (Sq. Ft.): 36,590.4
  • Zoning: Residential Commerci
  • Lot Description: Water View, Near Turnpike/Interstate

Financial Considerations

  • Tax Amount: $4,925.22
  • Tax Year: 2025

Disclosures and Reports

  • Lot Number: 37

Listed by Hoang Realty (207) 623-0623

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Listing agent

— 328 Water St —

  • Hoang Realty

    207-623-0623

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 328 Water St

School District:School Administrative District 11
NameGradesDistance
Gardiner Regional Middle School
161 Cobbossee Avenue, Gardiner, ME 04345
6-82.2 mi
Gardiner Area High School
40 West Hill Road, Gardiner, ME 04345
9-121.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 328 Water St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/24/2026
Listed
$500,000
135.29%
MLS
12/05/2016
Sold
$212,500
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 328 Water St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,837
13%
$314,100
28%
2023
$4,263
-3%
$245,000
—
2022
$4,410
4%
$245,000
—
2021
$4,239
2%
$245,000
—
2020
$4,165
21%
$245,000
31%
2019
$3,430
—
$186,400
—
2018
$3,430
—
$186,400
—
2017
$3,430
—
$186,400
—
2016
$3,430
2%
$186,400
—
2015
$3,355
3%
$186,400
—
2014
$3,271
10%
$186,400
—
2013
$2,982
—
$186,400
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Hoang Realty (207) 623-0623

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Price Reduced near 328 Water St

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Recent Sales near 328 Water St

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328 Water Street, Randolph, ME 04346 (MLS# 1652616) is a Commercial Multi-Family property. 328 Water Street is currently listed for $500,000 and was received on February 24, 2026. Want to learn more about 328 Water Street? Do you have questions about finding other Commercial Multi-Family real estate for sale in Randolph? You can browse all Randolph real estate or contact a Coldwell Banker agent to request more information.

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