NEW 14 HRS AGO

For sale

$400,000

Est. $2,550/mo —

•

2,240

sq ft

230 Water St, Hallowell, ME 04347

About this home

Live on the Kennebec River, steps from everything downtown Hallowell has to offer. All this with rental income to help pay the mortgage. This two-unit property combines water frontage, in-town convenience, and strong rental income. Both units have been remodeled, the first floor was completely redone in 2024 and the exterior has just been painted. Each unit has new appliances, new flooring, new kitchen cabinets and new electrical. The one-bedroom, first floor, unit features hardwood flooring and a private deck overlooking the river, and it can come fully furnished. The second unit is a two-story, four-bedroom, two-bath with hardwood floors on the first floor, beautifully remodeled bathrooms, and a washer and dryer included. A boat launch nearby gives you easy river access, and downtown shops and restaurants are within walking distance from your front door. The property is located in the Downtown district, which allows for business use and opens the door to live-work arrangements, office space, or a storefront (confirm exact use with CEO). Whether you're an investor looking for steady and profitable rental income or an owner-occupant who wants to live on the river and let the other unit help pay the mortgage, this is a rare find in downtown Hallowell.

Multi-familyProperty Type

1900Year Built

4,356 sq ftLot Size

$179Price/Sq.Ft.

1 spaceParking

Listed by Joshua Cousineau • Real Broker

Listed by Jessica Tripp • Real Broker

Contact: 207-212-1523

Listing updated: Oct 15, 2026 at 07:20am

Redfin checked: 3 minutes ago

•Source:MREIS #1684319

Payment calculator

$2,550 per month

Principal and interest$2,237

Property taxes

$239

HOA dues

Home insurance

$73

Utilities

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Affordability tools

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Open houses

No upcoming open houses.

Nearby open houses (10)

OPEN FRI, 5PM TO 6:30PM
$389,000
3 beds1.5 baths1,172 sq ft
81 Windsor Ave, Augusta, ME 04330
OPEN SAT, 10AM TO 12PM
$399,900
3 beds2 baths1,818 sq ft
26 Fountain St, Gardiner, ME 04345
OPEN SAT, 10AM TO 12PM
$499,900
3 beds2 baths1,725 sq ft
47 Fieldstone Dr, Augusta, ME 04330
OPEN SAT, 11AM TO 1PM
$950,000
3 beds2.5 baths2,000 sq ft
89 Woodbury Dr, Litchfield, ME 04350
OPEN SAT, 11AM TO 12PM
$305,000
3 beds1 bath1,758 sq ft
2120 Hallowell Rd, Litchfield, ME 04350
OPEN SAT, 11AM TO 12:30PM
$217,500
2 beds1 bath784 sq ft
670 Old Lewiston Rd, Winthrop, ME 04364
OPEN SAT, 11AM TO 12:30PM
$529,000
3 beds2 baths1,783 sq ft
9 Fieldstone Dr, Augusta, ME 04330
OPEN SAT, 12:30PM TO 2PM
$325,000
2 beds1 bath576 sq ft
121 Bassett Lndg, West Gardiner, ME 04345
OPEN SUN, 11AM TO 12PM
$439,900
4 beds3 baths1,946 sq ft
343 Winthrop St, Hallowell, ME 04347
OPEN SUN, 11AM TO 12:30PM3D WALKTHROUGH
$680,000
3 beds2 baths2,250 sq ft
410 Dennis Hill Rd, Litchfield, ME 04350

Around this home

Schools

K - 12
Preschool & daycare

Hall-Dale Elementary School

Public PreK-5 • Assigned • 0.9mi

6/10

Hall-Dale Middle and High School

Public 6-12 • Assigned • 1.1mi

7/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Market insights

230 Water St · $400,000

DAYS ON MARKET

The average home goes pending in 45 days.

SALE-TO-LIST

Most homes are selling 2% below list price.

LIST PRICE

Median sale price in this area is $324,329. (19% lower than this home)

PRICE DROP

26% of homes in this area have had a price drop in the past month.

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Dining

Interior features
Partially furnished
Double-pane windows
Full, unfinished basement with interior and walk-out access

Bedrooms
Two units: one with 4 bedrooms and one with 1 bedroom

Bathrooms
Three full bathrooms total: 2 in the 4-bedroom unit and 1 in the 1-bedroom unit
Shower

Kitchen
Refrigerator in each unit

Laundry & utility
Washer hookups
Laundry on the main and upper levels

Flooring
Laminate, vinyl, and hardwood

Heating & cooling
Baseboard, hot water, zoned heating

Sale and tax history for 230 Water St

Sale History
Tax History

Date

Event

Price

MREIS #1684319

Oct 14, 2026

Listed

$400,000

$179/sq ft

MREIS #1522382

Jun 3, 2022

Sold

$180,000

$80/sq ft

Mar 23, 2022

Listed

$178,500

$80/sq ft

+29

KENNEBEC RIVER WATERFRONT!! Nice duplex located in-town Hallowell that has a good rental income history. Currently used as a duplex with a large 4-5 bedroom unit that consists of rooms on the first level and second level and also a single bedroom unit in the back of the building. This could be a great owner occupied building with waterfront on the Kennebec River. This building in the past has also had 2 small commercial spaces on Water St as well as still being able to rent out the upstairs 3 bdrm apt and the 1st level single bdrm unit which is located in the back of the building.

MREIS #1456649

Jun 17, 2020

Listed

$159,900

$71/sq ft

MREIS #1456650

Jun 17, 2020

Listed

$159,900

$71/sq ft

MREIS #1421674

Aug 14, 2019

Price Changed

$165,900

$74/sq ft

Jun 25, 2019

Listed

$169,900

$76/sq ft

MREIS #1421672

Aug 14, 2019

Price Changed

$165,900

$74/sq ft

Jun 25, 2019

Listed

$169,900

$76/sq ft

MREIS #1345789

Apr 18, 2018

Listed

$189,900

$85/sq ft

MREIS #997555

Nov 26, 2010

Listed

$189,900

$85/sq ft

MREIS #947901

Aug 31, 2009

Listed

$188,500

$84/sq ft

MREIS #938855

Jun 23, 2009

Listed

$188,500

$84/sq ft

MREIS #925362

Mar 20, 2009

Listed

$199,900

$89/sq ft

MREIS #922514

Feb 18, 2009

Listed

$199,900

$89/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$2,865 (−4.0%)

$82,500 + $67,500

$150,000

2024

$2,985 (+18.7%)

$82,500 + $67,500

$150,000

2023

$2,515 (+12.8%)

$60,000 + $49,100

$109,100

2022

$2,229 (+4.2%)

$60,000 + $40,400

$100,400

2021

$2,139 (−0.9%)

$60,000 + $40,400

$100,400

2020

$2,159 (+0.9%)

$60,000 + $40,400

$100,400

2019

$2,139 (+8.1%)

$60,000 + $40,400

$100,400

2018

$1,978

$60,000 + $40,400

$100,400

2017

$1,978 (+4.2%)

$60,000 + $40,400

$100,400

2016

$1,898 (+7.4%)

$60,000 + $40,400

$100,400

2015

$1,767

$60,000 + $40,400

$100,400

2014

$1,767 (+2.9%)

$60,000 + $40,400

$100,400

2013

$1,717

$60,000 + $40,400

$100,400

Public record

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

4,356 Sq. Ft.

Year renovated

—

Finished Sq. Ft.

2,240

Unfinished Sq. Ft.

—

Total Sq. Ft.

2,240

Year built

1900

Style

Single Family Residential

County

Kennebec County

APN

1319440

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 27, 2026.

Climate risks

10/10 Flood Factor

Estimated 80%+ chance of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 91° expected this year, 16 days in 30 years

4/10 Wind Factor

16% chance of strong winds in next 30 years

1/10 Air Factor

0 unhealthy days expected this year, 0 days in 30 years

Provided by First Street

Historical weather

Hallowell, ME • 04347

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

85/ 100

Very good sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

9.1 hrs

5.3 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 230 Water St

$397,414

$2,586 under list price of $400K

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $312K to $530K.

SOLD SEP 28, 2026
$409,900 Last sold price
3 beds2 baths2,038 sq ft
2 Greenville St, Hallowell, ME 04347
$22/sq ft
larger lot
75 years older
SOLD JUL 22, 2026
$435,000 Last sold price
4 beds2 baths2,264 sq ft
19 Hillcrest St, Hallowell, ME 04347
$13/sq ft
larger lot
101 years newer
SOLD JUL 6, 2026
$384,000 Last sold price
3 beds2 baths2,359 sq ft
44 Blaisdell St, Augusta, ME 04330
$16/sq ft
larger lot
58 years newer
SOLD JUL 9, 2026
$312,000 Last sold price
3 beds2 baths1,493 sq ft
143 Hallowell Rd, Chelsea, ME 04330
$30/sq ft
larger lot
125 years newer
SOLD JUL 2, 2026
$373,000 Last sold price
3 beds1.5 baths2,052 sq ft
28 Marlboro Ave, Augusta, ME 04330
$3/sq ft
larger lot
66 years newer
SOLD JUL 10, 2026
$530,000 Last sold price
5 beds2.5 baths2,328 sq ft
10 Summer St, Hallowell, ME 04347
$49/sq ft
larger lot

Tour for free, no strings attached

Make a winning offer with the help of a local agent

Ask a question

(207) 708-8308

Early Access listings

EARLY ACCESSCOMPASS COMING SOON

$399,000

2 beds1 bath1,728 sq ft

7 Bernier St, Somersworth, NH 03878

EARLY ACCESSCOLDWELL BANKER REALTY COMING SOON

$700,000

5 beds4 baths2,940 sq ft

44 Mollie Dr, Manchester, NH 03103

EARLY ACCESSCOMPASS COMING SOON

$439,000

3 beds3 baths1,530 sq ft

11 Suffolk Dr #2, Concord, NH 03303

Nearby similar homes

$300,000

5 beds2 baths1,920 sq ft

2496 N Belfast Ave, Augusta, ME 04330

$225,000

3 beds1 bath1,664 sq ft

274 Windsor Rd, Chelsea, ME 04330

$219,000

Land— sq ft

1171 Plains Rd, Litchfield, ME 04350

$339,900

5 beds3 baths2,916 sq ft

75 Arsenal St, Augusta, ME 04330

$289,000

3 beds2 baths2,430 sq ft

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3 beds2 baths2,040 sq ft

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New listings for sale in 04347

NEW 14 HRS AGO

$400,000

5 beds3 baths2,240 sq ft

230 Water St, Hallowell, ME 04347

$535,000

3 beds2 baths1,700 sq ft

1 Sunrise Dr, Hallowell, ME 04347

OPEN SUN, 11AM TO 12PM

$439,900

4 beds3 baths1,946 sq ft

343 Winthrop St, Hallowell, ME 04347

$399,000

5 beds3 baths2,304 sq ft

2 Warren St, Hallowell, ME 04347

Details provided by MREIS and may not match the public record. Learn more.

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About this home

Payment calculator

Affordability tools

See this home in person

Nearby open houses (10)

Around this home

Schools

Lifestyle

Market insights

Property details

Sale and tax history for 230 Water St

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 230 Water St

Early Access listings

Nearby similar homes

New listings for sale in 04347

More real estate resources