1145 Waterville Road, Skowhegan, ME 04976 - Photo 1

1/1

$492,500

Sold
Closed
Multi-Family
4 Units
2.5 Acres
2 Car Garage

1/1

Property Description

Looking for a turnkey investment with strong cash flow and future upside? Welcome to 1145 Waterville Road in Skowhegan--a unique opportunity featuring one single-family home and three single-wide mobile homes all situated on a 2.5-acre lot. This property is already producing over $43,000 annually in net income, making it an excellent option for both seasoned investors and those looking to get started in real estate investing. All four units have been well maintained and thoughtfully updated over time. The current owners have taken pride in the property, completing renovations and improvements that allow the next owner to step in without the need for major work. Beyond the existing income, the property offers additional development potential with space available to add up to two more mobile homes, creating a clear path to increase cash flow and overall return. The setting provides a nice balance of privacy and accessibility, with easy access to town amenities while still offering a spacious, rural feel. Whether you're looking to expand your portfolio, live in one unit while collecting rent, or maximize future development potential, this property checks all the boxes. Opportunities like this--multiple units, solid condition, and built-in upside--don't come along often.

Full Property Details

Full Property Details for 1145 Waterville Rd

General

Sold For: $492,500
Taxes: $3,408 (2026)
Status: Closed
Type: Multi-Family
Source: MREIS
MLS ID: 1654902
Added to Site: 96 day(s) ago

Rental Information

Lease Info: Ground Lease

Interior

Interior Features: 1st Floor Bedroom, Bathtub, One-Floor Living, Shower, Storage
Flooring: Carpet, Laminate

Rooms

Bathrooms

Total Bathrooms: 4
Full Bathrooms: 4

Other Rooms

Laundry: Main Level

Additional Information

Equipment: Internet Access Available

Exterior

Porch/Patio/Deck: Deck, Porch

Parking

Garage: Yes
Attached garage: Yes
Garage Spaces: 2
Parking Features: Gravel, Inside Entrance, 11 - 20 Spaces

Location

County: Somerset

Community

Pets Allowed: Yes

Heating & Cooling

Cooling Type: None
Heating Type: K-1/Kerosene, Oil, Forced Air

Utilities

Sewer: Private Sewer, Septic Tank
Water: Private, Well
Well: Yes

Structural Information

Architectural Style: Other, Cape Cod, Ranch
Structure Type: Modular
Construction: Other, Wood Frame, Metal Clad, Vinyl Siding
Roof: Metal, Shingle
Building Size: 3400
Square Feet: 3,400
Living Area: 3,400 Sq. Ft.
Finished Total: 3,400 Sq. Ft.
Finished Above Grnd: 3,400 Sq. Ft.
Year Built: 1932

Manufactured Home

Mobile Home Type: Single Wide

Additional Structures

Other Structures: Shed(s)

Lot Features

Lot Size (Acres): 2.5
Lot Size (Sq. Ft.): 108,900
Lot Size Source: Public Records
Zoning: Mixed
Lot Description: Near Shopping, Rural

Financial Considerations

Tax Amount: $3,408
Tax Year: 2026

Disclosures and Reports

Lot Number: 1

Listed by Keller Williams Realty (207) 879-9800
Sold by Real Broker (207) 272-3984

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Listing agent

— 1145 Waterville Rd —

Keller Williams Realty

207-879-9800

jlaverdiere@gmail.com

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Schools

Schools serving 1145 Waterville Rd

School District:School Administrative District 54

Name	Grades	Distance
Bloomfield Elementary School 140 Academy Circle, Skowhegan, ME 04976	1-3	4.8 mi
Margaret Chase Smith School-Skowhegan 40 Heselton Street, Skowhegan, ME 04976	4-5	5 mi
North Elementary School, Skowhegan, ME 33 Jewett Street, Skowhegan, ME 04976	PK-K	5.5 mi
Skowhegan Area Middle School 155 Academy Circle, Skowhegan, ME 04976	7-8	4.9 mi
Skowhegan Area High School 61 Academy Circle, Skowhegan, ME 04976	9-12	4.6 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 1145 Waterville Rd

Date

Details

Price

Change

Source

5/15/2026

Sold

$492,500

-10.45%

MLS

3/20/2026

Listed

$550,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1145 Waterville Rd, Skowhegan, ME 04976 - Photo 1

Sold

$492,500