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    Hallowell, ME
    Residential Income

    Hallowell, ME Residential Income Properties for Sale

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    Chelsea, ME Augusta, ME Farmingdale, ME Manchester, ME Gardiner, ME Randolph, ME West Gardiner, ME Pittston, ME
    Office and Apartment Building
    Updated: May 3, 2025
    Office and Apartment Building

    6 Stoddard Lane, Hallowell, ME 04347

    $475,000
    3,687 sqft
    Mixed‑use office and apartment building with seven offices on the main level plus two 1‑bedroom apartments
    Main‑level office suite includes a shared waiting room and visitor half bath, with seven sun‑filled offices and individual air‑conditioning units
    Daylight walk‑out basement apartment offers 1 bedroom, 1 bath, office space, and full kitchen with stainless steel appliances; includes washer/dryer hookup
    2nd‑floor 1‑bedroom, 1 full bath apartment was renovated with completion in June 2025 and includes washer/dryer hookup
    Accessible entry and approach with ramp; 36+ inch doors and 36–48 inch halls, with enclosed handicap accessible entry (State Fire Marshall approved)
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    This listing looks promising.

    Here's a quick look at some key insights for

    6 Stoddard Lane, Hallowell, ME 04347

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    • Est. Cap Rate

      8.7%
      Above avg (5.9%)

    • Est. NOI

      $41K
      Annual

    • Price @ 7% Cap

      $588K
      Above asking

    • Property Type

      Single Family Residence
      Built 1930
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    Two-Unit Victorian Duplex with Separate Entrances
    Updated: Jun 5
    Two-Unit Victorian Duplex with Separate Entrances

    9-11 Summer Street, Hallowell, ME 04347

    $795,000
    3,600 sqft 0.60 AC lot
    0.6‑acre lot and 3,600 SF total property size
    R‑1 zoning
    Two separate entrances for the two units
    Built in 1900 with wood frame, clapboard and wood siding
    Updated kitchens and baths plus original hardwood floors and decorative moldings
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    Two-Family Victorian Duplex
    Two-Family Victorian Duplex

    9-11 Summer Street, Hallowell, ME 04347

    $795,000
    3,600 sqft

    Victorian duplex with two units, separate entrances, updated kitchens and baths, hardwood floors, and a private yard.

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    Historic Riverfront Mixed-Use Property
    Historic Riverfront Mixed-Use Property

    156 Water Street, Hallowell, ME 04347

    $650,000

    Residential and retail components occupy a maintained historic building with decks oriented toward the Kennebec River.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 4 Active listings in Hallowell, ME, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, 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.

    Two-Property Office Space with Garage
    Two-Property Office Space with Garage

    76 and 80 Sewall Street, Augusta, ME 04330

    $625,000
    4,361 sqft 0.84 AC lot

    Two versatile properties offer office and short-term rental configurations, plus a garage with a separate entrance on a 0.84-acre lot.

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    7-Unit Apartment Building, Partially Gutted
    7-Unit Apartment Building, Partially Gutted

    6 Amherst Street, Augusta, ME 04330

    $225,000
    4,234 sqft 0.19 AC lot

    Renovation-ready 7-unit apartment building with public water and public sewer, zoned RB1.

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    In-Town Live-Work Property with Garage
    In-Town Live-Work Property with Garage

    405 Western Avenue, Augusta, ME 04330

    $699,900
    1,779 sqft 1.30 AC lot

    Live-work property with high traffic count, road frontage on both Western Avenue and Winthrop Road, and detached garage.

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    Live-Work Retail and Residence
    Live-Work Retail and Residence

    664 Maine Avenue, Farmingdale, ME 04344

    $325,000
    1,472 sqft 0.32 AC lot

    Property combines a one-bedroom home with an operating salon and customer parking on a high-visibility road.

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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
    Augusta Land For Sale

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

    $99,000
    14.63 AC lot

    14.63 acre lot in Augusta's Rural Village Zoning.

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    Residential Development Land with Road Access
    Residential Development Land with Road Access

    Cony Road lot: 17, Augusta, ME 04330

    $234,800
    13.62 AC lot

    Surveyed residential parcel with substantial road frontage and two access points plus utilities available.

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    Augusta Buildable Lot For Sale
    Augusta Buildable Lot For Sale

    214 Mount Vernon Avenue, Augusta, ME 04330

    $49,900
    0.36 AC lot

    0.36 acre lot with public utilities, mobile homes allowed.

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    Gently Sloping Land Parcel
    Gently Sloping Land Parcel

    120 Bond Brook Road, Augusta, ME 04330

    $450,000
    50.12 AC lot

    Large Augusta parcel with mature trees and gentle slopes near downtown, I-95, and Bond Brook recreational trails.

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    Off-Market Properties in Hallowell, ME

    Consider similar Off-Market properties in Hallowell, ME. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    8 Coos Ln
    Land

    8 Coos Ln, Hallowell, ME 04347

    Value Estimation by Request
    0.44 AC lot
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    Hallowell, ME Residential Income Properties Market Trends and Statistics

    Explore 5 residential income properties for sale in Hallowell, ME, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 10,887 square feet of properties for sale, with an estimated market value of $2,715,000.

    Sale prices for residential income properties in Hallowell, ME start at $475,000, averaging $678,750, 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

    Commercial property segments ranked by active listings on the market

    Multifamily properties 4
    Duplexes 3
    Apartment buildings 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 average listing prices of real estate assets

    Neighborhood Average Price
    04347 $795K

    Taxes & Financing

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

    Listings Trend

    New vs delisted commercial listings in Kennebec County

    New Delisted

    Total CRE Inventory on Market (SF)

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