Hallowell, ME
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    Hallowell, ME Multifamily Properties for Sale

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    Augusta, ME Farmingdale, ME Chelsea, ME
    Three-Unit Multifamily Property
    $625,000
    3,840 SF
    Three-Unit Multifamily Property

    3 Janabye Lane, Hallowell, ME 04347

    Three updated residential units with attached garage bays, suited for owner-occupants and investors in Hallowell.
    • Multi‑unit property with three updated units for investor or owner‑occupant use
    • 4+ attached garage bays with ample storage space
    • Built in 1991; wood frame construction with vinyl siding and a shingle roof
    • Public water and private sewer
    • Patio and deck, with interior features including a 1st‑floor bedroom and pantry
    Updated: Jun 5
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    Hallowell Colonial Two-Unit Property
    $450,000
    2,448 SF
    Hallowell Colonial Two-Unit Property

    74 2nd Street, Hallowell, ME 04347

    Impeccably maintained two-unit property in Hallowell, Maine.
    • Two‑unit condo in Hallowell, great for rental income potential.
    • Impeccable condition throughout.
    • Each unit features sliders to decks overlooking the rail trail.
    • Spacious main level unit with large den/family room, open concept kitchen, dining & living, and two massive bedrooms with walk‑in closets.
    • Daylight walkout unit with open concept kitchen/dining/living, center island, shaker cabinets, and woodstove.
    Updated: Apr 21
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    MULTI_FAMILY - Hallowell, ME
    $795,000
    3,600 SF
    MULTI_FAMILY - Hallowell, ME

    Duplexes · 3,600 SF

    9-11 Summer Street, Hallowell, ME 04347

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    Renovated Duplex with River Frontage
    $425,000
    1,260 SF
    Renovated Duplex with River Frontage

    Two-unit property with renovated first floor and river views.

    228 Water Street, Hallowell, ME 4347

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    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 4 Active listings in Hallowell, ME, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Office and Short-Term Rental Property
    $625,000
    4,361 SF
    Office and Short-Term Rental Property

    Two separate units configured as office and short-term rental, plus a garage with a separate entrance that may generate additional income.

    76 and 80 Sewall Street, Augusta, ME 04330

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    Two-Unit Duplex with Metal Roof
    $219,000
    1,440 SF
    Two-Unit Duplex with Metal Roof

    Two-bedroom units with porches and separate electric, plus an unfinished third floor for flexible additional space.

    3 Grand Street, Augusta, ME 04330

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    Gardiner Multifamily Investment Opportunity
    $600,000
    4,564 SF
    Gardiner Multifamily Investment Opportunity

    Seven-unit building in downtown Gardiner with investment upside.

    17 Autumn Street, Gardiner, ME 04345

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    Gardiner Multifamily Property For Sale
    $244,800
    4,513 SF
    Gardiner Multifamily Property For Sale

    Former office/retirement home near downtown Gardiner, being sold as-is.

    36 Brunswick Avenue, Gardiner, ME 04345

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Augusta Land For Sale
    $99,000
    14.63 Acres
    Augusta Land For Sale

    14.63 acre lot in Augusta's Rural Village Zoning.

    Map 15 Lot 6C Spring Road, Augusta, ME 04330

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    Augusta Buildable Lot For Sale
    $49,900
    0.36 Acres
    Augusta Buildable Lot For Sale

    0.36 acre lot with public utilities, mobile homes allowed.

    214 Mount Vernon Avenue, Augusta, ME 04330

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    Residential Land in Rural Setting
    $69,000
    307,098.00 Acres
    Residential Land in Rural Setting

    7.05-acre lot in Leeds, Maine, ready for home plans.

    Lot 26C Jennings Road, Leeds, ME 04263

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    Palermo Land on Route 3
    $79,900
    6.20 Acres
    Palermo Land on Route 3

    6.2 acre parcel with road frontage and development potential.

    2680 Route 3, Palermo, ME 04354

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    Hallowell, ME Multifamily Properties Investment Opportunities Market Analysis

    Explore 4 multifamily properties for sale in Hallowell, ME, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 11,148 square feet of properties for sale, with an estimated market value of $2,295,000.

    Sale prices for multifamily properties in Hallowell, ME start at $425,000, averaging $573,750, and reaching up to $795,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Duplexes 2
    Triplexes 1

    Demographics Overview

    Population 2,570
    Population Growth (5Y) +2.6%
    Median Household Income $58,811
    College Educated 67.7%

    High-Yield Neighborhoods for Investment

    Identify Hallowell submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    04347 $437.5K

    Taxes & Financing

    Tax Rate (average for all types) 2.31%
    Property Tax per SF $96.27 per sq ft
    Average Loan-to-Value 65.0%

    Listings Trend

    Total CRE Area on Market Trend

    Average Price per SF — Residential Income

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