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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.
Property Type(s):
Multi Family
| Last Updated | 10/14/2026 | Year Built | 1900 |
|---|---|---|---|
| County | Kennebec |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Water Heater |
| BASEMENT | Full, Interior Entry, Unfinished, Walk-Out Access, Yes |
| CONSTRUCTION | Frame, Wood Siding |
| HEAT | Baseboard, Hot Water, Oil, Propane, Zoned |
| LOT | 4356 sq ft |
| LOT DESCRIPTION | Level, Open Lot, Rolling Slope |
| LOT DIMENSIONS | 0.1 |
| MLS STATUS | Active |
| PARKING | Paved, On Site |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Federal |
| TAXES | 2865 |
| UTILITIES | Propane |
| VIEW | Yes |
| VIEW DESCRIPTION | Scenic, Water |
| WATER | Public |
| WATER ACCESS | Kennebec River |
| WATERFRONT | Yes |
Listing provided by Real Broker, 207-212-1523
Listing data is derived in whole or in part from the Maine IDX & is for consumers'' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.© 2026 Maine Real Estate Information System, Inc. All Rights Reserved. 
Additional school data provided by Onboard Informatics © 2026 Onboard Informatics. Information deemed reliable but not guaranteed.
Mortgage Calculator provided by Diverse Solutions © 2026
IDX data provided by Market Leader, courtesy of Maine Listings.
This IDX solution is (c) Diverse Solutions 2026.
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