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$389,900
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Property Description
Turn-key Waterville investment with owner support built in. Three fully renovated, furnished apartments already generating $63,000+ in gross annual income as an established short-term rental business, with the current owners ready to hand you the playbook. New to STR? They'll walk you through the operation, booking systems, guest communication, pricing strategy, and pass along their trusted cleaner and existing operational resources, so you're not starting from zero. Experienced investor? Step into cash flow on day one. Prefer long-term tenants or owner-occupancy? The flexibility is built in. Recent updates include new kitchens, bathrooms, flooring, and in-building laundry, and each unit is self-check-in ready with smart locks and furnishings already in place. Strong guest reviews and repeat bookings reflect steady demand from nearby colleges, a hospital, and business travelers. Five-minute walk to Main Street, five to Colby College. Rarely does a proven income property come with this much built-in support.
Full Property Details
Full Property Details for 34 Western Ave
General
- Price: $389,900
- Taxes: $3,221 (2026)
- Status: Active
- Type: Multi-Family
- Source: MREIS
- MLS ID: 1670280
- Updated: 8/13/2026
- Added to Site: 98 day(s) ago
Interior
- Interior Features: Storage
- Furnished: Yes
- Furnishings: Furnished
- Flooring: Wood, Luxury Vinyl
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Exterior
- Porch/Patio/Deck: Porch
Parking
- Parking Features: Paved, 5 - 10 Spaces
Location
- County: Kennebec
Community
- Pets Allowed: Yes
Heating & Cooling
- Cooling Type: None
- Heating Type: Electric, Oil, Baseboard, Forced Air, Zoned
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: New Englander
- Construction: Wood Frame, Vinyl Siding
- Basement: Yes
- Basement Desc.: Interior Entry, Unfinished
- Roof: Metal, Pitched, Shingle
- Stories/Levels: 2
- Square Feet: 2,741
- Finished Total: 2,741 Sq. Ft.
- Finished Above Grnd: 2,741 Sq. Ft.
- Year Built: 1900
Additional Structures
- Other Structures: Barn(s)
Lot Features
- Lot Size (Acres): 0.4
- Lot Size (Sq. Ft.): 17,424
- Zoning: RD
- Lot Description: Intown, Level, Open Lot
Water Features
- Water Front: Yes
- Water Front Name: Messalonskee Stream
Financial Considerations
- Operating Expenses: $26,417
- Tax Amount: $3,221
- Tax Year: 2026
Disclosures and Reports
- Lot Number: 31
Listed by EXP Realty (888) 439-8743
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Schools
Schools serving 34 Western Ave
School District:Waterville
| Name | Grades | Distance |
|---|---|---|
Albert S Hall School 27 Pleasant Street, Waterville, ME 04901 | 4-5 | 0.2 mi |
George J Mitchell School 58 Drummond Avenue, Waterville, ME 04901 | PK-3 | 1.3 mi |
Waterville Junior High School 100 West River Road, Waterville, ME 04901 | 6-8 | 1.7 mi |
Waterville Senior High School 1 Brooklyn Avenue, Waterville, ME 04901 | 9-12 | 0.4 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 34 Western Ave
Date
Details
Price
Change
Source
7/04/2026
Listed
$389,900
—
MLS
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
Tax History for 34 Western Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,159
9%
$185,800
29%
2024
$2,886
—
$144,300
—
2023
$2,872
2%
$144,300
32%
2022
$2,825
1%
$109,300
—
2021
$2,787
-1%
$109,300
—
2019
$2,816
2%
$109,300
—
2018
$2,762
8%
$109,300
—
2017
$2,550
2%
$109,300
—
2016
$2,492
1%
$109,300
23%
2015
$2,466
1%
$88,700
—
2014
$2,430
—
$88,700
—
2013
$2,430
—
$88,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 34 Western Ave
34 Western Avenue, Waterville, ME 04901 (MLS# 1670280) is a Multi-Family property with 3 units containing 0 bedrooms and 3 full bathrooms. 34 Western Avenue is currently listed for $389,900 and was received on July 04, 2026. Want to learn more about 34 Western Avenue? Do you have questions about finding other Multi-Family real estate for sale in Waterville? You can browse all Waterville real estate or contact a Coldwell Banker agent to request more information.

