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$172,500 Just Listed
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Property Description
Have you been searching for a true cash flow opportunity or the perfect owner-occupied setup where your tenant helps pay the mortgage? This updated duplex checks all the boxes. It features two spacious units with nearly identical layouts, both updated within the last few years. Each unit offers a large kitchen, comfortable living room, and two generous bedrooms. The downstairs unit includes a convenient laundry room, while the upstairs unit has an additional room that could be used as a third bedroom, office, or whatever you envision. The location is equally appealing. It is within walking distance to the rejuvenated downtown Waterville area and only minutes from the hospital, highway, colleges, and airport. Updated and affordable apartment buildings are rare in this market and in high demand. Whether you are building your investment portfolio or looking for a smart way to live in one unit while renting the other, this is an opportunity you will not want to miss!
Full Property Details
Full Property Details for 42 Carey Ln
General
- Price: $172,500
- Taxes: $1,751 (2025)
- Status: Active
- Type: Multi-Family
- Source: MREIS
- MLS ID: 1653321
- Updated: 3/4/2026
- Added to Site: 1 day(s) ago
Interior
- Flooring: Vinyl, Laminate
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Parking
- Parking Features: 1 - 4 Spaces, Gravel
Location
- County: Kennebec
- Subdivision: no
Heating & Cooling
- Cooling Type: None
- Heating Type: Hot Water, Baseboard
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: New Englander
- Construction: Wood Siding, Vinyl Siding, Wood Frame
- Roof: Fiberglass, Metal, Pitched, Shingle
- Building Size: 1690
- Square Feet: 1,690
- Living Area: 1,690 Sq. Ft.
- Finished Total: 1,690 Sq. Ft.
- Finished Above Grnd: 1,690 Sq. Ft.
- Year Built: 1920
Lot Features
- Lot Size (Acres): 0.05
- Lot Size (Sq. Ft.): 2,178
- Lot Size Source: Public Records
- Zoning: RCCB
- Lot Description: Level, Intown, Near Golf Course, Near Shopping, Near Turnpike/Interstate
Financial Considerations
- Tax Amount: $1,751
- Tax Year: 2025
Disclosures and Reports
- Lot Number: 117
Listed by Real Broker (207) 272-3954
Get Pre-Approved Today
Schools
Schools serving 42 Carey Ln
School District:Waterville
| Name | Grades | Distance |
|---|---|---|
Albert S Hall School 27 Pleasant Street, Waterville, ME 04901 | 4-5 | 0.7 mi |
George J Mitchell School 58 Drummond Avenue, Waterville, ME 04901 | PK-3 | 1.8 mi |
Waterville Junior High School 100 West River Road, Waterville, ME 04901 | 6-8 | 1.4 mi |
Waterville Senior High School 1 Brooklyn Avenue, Waterville, ME 04901 | 9-12 | 0.9 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 42 Carey Ln
Date
Details
Price
Change
Source
3/04/2026
Listed
$172,500
57.53%
MLS
3/06/2023
Sold
$109,500
—
Public Record
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 42 Carey Ln
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,751
46%
$103,000
71%
2024
$1,202
1%
$60,100
—
2023
$1,196
51%
$60,100
96%
2022
$794
1%
$30,700
—
2021
$783
-1%
$30,700
—
2020
$791
—
$30,700
—
2019
$791
2%
$30,700
—
2018
$776
8%
$30,700
—
2017
$716
2%
$30,700
—
2016
$700
-10%
$30,700
10%
2015
$776
2%
$27,900
—
2014
$764
—
$27,900
—
2013
$764
—
$27,900
—
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 42 Carey Ln
42 Carey Lane, Waterville, ME 04901 (MLS# 1653321) is a Multi-Family property with 2 units containing 0 bedrooms and 2 full bathrooms. 42 Carey Lane is currently listed for $172,500 and was received on March 04, 2026. Want to learn more about 42 Carey Lane? 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.

