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About This Home

This 3-bedroom, 8-bathroom single family at 82 Water Street in Augusta, ME is listed for $500,000 ($36 per sqft). Built in 1885, the home offers 13,700 sqft of living space on a 0.14 acres lot.

Agent Description

Calling all investors and developers! This property is positioned in the heart of Augusta's Historic District. This distinctive mixed-use property overlooks the scenic Kennebec River at the north end of Water Street. Current code allows for Residential use on the top floor, with commercial on the ground floor.

Located within one of the city's key revitalization areas, the property represents a rare redevelopment and investment opportunity in Maine's capital city, where few comparable properties exist. The building use is a mix of commercial and residential space.

The surrounding downtown continues to experience renewed energy and investment, highlighted by the ongoing restoration of the historic Colonial Theater just down the street -- a landmark project expected to further strengthen the area's cultural and economic growth.

The current owner has made extensive improvements to the building, including new plumbing, electrical systems, framing, and new natural gas heating system, creating a strong foundation for future use. The south portion of the building spans 3 stories including an expansive open basement.

The north side of the building has two stories of additional space, allowing for additional future upgrades. Whether envisioned for commercial, or mixed-use, this property offers exceptional potential and possibilities. Recommended that interested parties practice due diligence and contact the City of Augusta regarding commercial/residential potential uses of the property, and all building codes in the City of Augusta.

Key Features

  • Built in 1885
  • 0.14 acre lot

Property Details

8 full
1885

Amenities

A/C

Monthly Cost Estimate

$2,674/mo

20% down · 6.5% · 30 years

Principal$362
Interest$2,167
Insurance$146

Estimates only. Actual payments may vary.

Location

82 Water Street

Augusta, ME 04330

Features & Amenities

Interior Features

One-Floor LivingPrimary Bedroom w/Bath

Property Details

Flooring

Wood

Construction

Wood Frame Brick

Parking

On StreetOtherDriveway

Heating

Forced AirNatural Gas

Cooling

Central Air

Questions & Answers

This 3-bedroom, 8-bathroom single family at 82 Water Street is listed at $500,000 ($36/sqft). The estimated monthly payment is $2,167 based on 20% down at 6.5% interest.

Key features include: Built in 1885, 0.14 acre lot. Interior Features: One-Floor Living, Primary Bedroom w/Bath.

This property is listed by Jane Montgomery and can be reached at 2062000525 or jane@rizzomattson.com.

JM

Jane Montgomery

Agent at Rizzo Mattson

(206) 200-0525

Listed by Rizzo Mattson · View on Broker Site

MLS# 1665089· Source: listhub· Updated today

Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

82 Water Street, Augusta, ME 04330

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