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    228 Water St Hallowell, ME 04347

    For Sale
    $425,000

    MULTI_FAMILY - Cape Cod - Hallowell, ME

    Property size:
    1,260 SF
    Lot size:
    0.29 Acres
    Days on Market:
    71
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 228 Water St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Downtown
    Rooms
    Bathroom 1, Basement, Bathroom 2
    Parking features
    Off Street
    Basement
    Partial
    Size
    1,260 SF
    Lot size
    0.29 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public
    Water front
    1

    Building Details

    Year built
    1850
    Number of units
    2
    Flooring type
    Laminate, Carpet
    Building materials
    Vinyl Siding, Wood Frame
    Roof type
    Shingle
    Architectural style
    Cape Cod

    McAllister Real Estate (207) 837-3180 [email protected]

    Listing agent Kimberly Gleason (207) 621-2345

    Listing date Sep 26, 2025

    MLS# 1638864 Listing URL

    Copyright © 2025 Maine Real Estate Information System, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hallowell Duplex with River Views

    This property features a two-bedroom duplex with Kennebec River frontage and views. The first floor has been completely renovated with a new kitchen featuring quartz countertops and new appliances, including a washer and dryer. New floors have been installed throughout the first-floor unit. A new natural gas furnace and vinyl siding have been added. The second-floor unit has a private entrance, two bedrooms, and a full bath. The basement has a poured concrete floor and spray foam insulation for energy efficiency. The property offers the opportunity to have a business on the first floor and rent the second-floor unit. Excellent parking is available for both units. The property is within walking distance of Historic Hallowell, galleries, shops, and restaurants. The lot size is 0.29 acres, and the property size is 1260 square feet. The property is located in Hallowell, Maine.
    Property Profile Location Intelligence

    Current Use by Public Records

    inform2016 Insurance Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hallowell
    County
    Kennebec
    State
    Maine
    Longitude
    -69.791306
    Latitude
    44.282454

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    FAQs

    What type of property is this?
    Duplex - Renovated duplex with river frontage, close to Hallowell's amenities.
    Where is this duplex located?
    The property is located at 228 Water St Hallowell, ME.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: - Kennebec River frontage with tremendous views.; - **Completely renovated first floor** with new kitchen, quartz countertops, appliances, and floors.; - Opportunity for business on the first floor and rental income from the second-floor unit.
    (207) 621-2345
    Request Owner's contact information
    228 Water St Hallowell, ME 04347
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    Hallowell, ME 04347
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    228 Water St Hallowell, ME 04347
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