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$410,000
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Property Description
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
Full Property Details for 328 Water St
General
- Sold For: $410,000
- Taxes: $4,925 (2025)
- Status: Closed
- Type: Commercial Multi-Family
- Source: MREIS
- MLS ID: 1652616
- Added to Site: 81 day(s) ago
Business
- Business Type: Commercial
Interior
- Flooring: Carpet, Vinyl, Wood
Parking
- Parking Features: 11 - 20 Spaces
Location
- County: Kennebec
Heating & Cooling
- Cooling Type: None
- Heating Type: Electric, Oil, Baseboard, Hot Water
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Wood Frame, Composition
- 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 and Sold by Hoang Realty (207) 623-0623
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Schools
Schools serving 328 Water St
School District:School Administrative District 11
| Name | Grades | Distance |
|---|---|---|
Gardiner Regional Middle School 161 Cobbossee Avenue, Gardiner, ME 04345 | 6-8 | 2.2 mi |
Gardiner Area High School 40 West Hill Road, Gardiner, ME 04345 | 9-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 328 Water St
Date
Details
Price
Change
Source
5/15/2026
Sold
$410,000
-18%
MLS
2/24/2026
Listed
$500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
328 Water Street, Randolph, ME 04346 (MLS# 1652616) is a Commercial Multi-Family property that was sold at $410,000 on May 15, 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.

