207-778-2755Call Now272 Morrison Hill Rd, Farmington, ME

$149,900
MLS#: 1636975
2 Bath
  • Type: Multi-family
  • Lot Size: 0.21 Acres
  • Year Built: 1900
  • Square Feet: 2,628

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Property Details

VIRTUAL 360 ONLINE TOUR AVAILABLE. *** Offer deadline December 29th - Will review within 24 hours *** Inspection reports available! Investment Opportunity in the Heart of Waterville! Nestled in a desirable neighborhood close to local schools and Waterville's vibrant downtown, this true 2-unit property offers both size and potential. With approximately 2,638± sq. ft. of living space, this larger multi-family provides tenants with spacious accommodations rarely found in comparable rentals. Each unit features 2 bedrooms and 1 full bath, along with access to basement storage. Investors will appreciate the separate utilities: two independent heat sources and separate electrical meters for heat, hot water, and electricity—keeping tenant expenses independent and landlord overhead low. This property also presents a unique opportunity for forced appreciation. Current rents have been held below market levels, and with some thoughtful renovations and updates, you could increase rental income and build equity in one of Waterville's most sought-after locations. Whether you're expanding your portfolio or entering the rental market for the first time, this property combines strong fundamentals with room to grow—an excellent opportunity for both cash flow and long-term value. Schedule your showing today!

Property Listed by: Your Home Sold Guaranteed Realty

Home Features

Bathrooms:
2
Below Grade Finished Area ±:
0
Above Grade Finished Area ±:
2628
Basement:
Construction:
Year Built:
1900
Roof:
Stories:
3
Stories total:
3
Heating:

Land Features

Electric:
Circuit Breakers
Lot Size ±:
0.21
Road Surface Type:
Paved
Sewer:
Public Sewer
Zoning:
RB

Map (approximate)

Realtor MLS

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2025 Maine Real Estate Information System, Inc. All Rights Reserved.