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6-Unit Apartment Building
For Sale
$210,000

1 Water Street, Caribou, ME 04736

Multi-Family, Caribou, ME

Property Size6,102 SF
Lot Size0.09 Acres
Price / SF$34.41
Days on Market78

Property Features for 1 Water Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Commercial
Bathrooms 6
Full bathrooms 6
Rooms Bathroom 5, Basement, Bathroom 3, Bathroom 6, Bathroom 4, Bathroom 2, Bathroom 1
Parking features Offsite, On Street
Basement Unfinished, Dirt Floor
Lot features Rolling/ Sloping, Corner Lot, Sidewalks, Intown
Standard status Active
Size 6,102 SF
Lot size 0.09 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 2931

Utilities

Sewer type Public Sewer
Heating system Oil, Baseboard, Hot Water(Heating), Zoned
Water source Public

Building Details

Year built 1918
Number of units 6
Flooring type Laminate, Wood, Vinyl
Building materials Masonry, Wood Frame, Brick
Roof type Membrane
Listing Agency: Dobbs Realty
Listed By: Frederick Dobbs
Added: Jun 19 Changed: Sep 3 Last Checked: Sep 4 at 11:06PM
MLS# 1650315

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.

Investment Insights

Based on property information with market context.

This 6,102-square-foot apartment building at 1 Water Street contains six rental units and was constructed in 1918. The property uses masonry, wood-frame, and brick construction, with laminate, wood, and vinyl flooring throughout. Heating is provided by zoned oil-fired hot-water baseboard systems, and the building includes a basement, membrane roofing, and six bathrooms.

The property occupies 0.09 acres in Caribou and overlooks Caribou Stream. Lot 143, an additional parking lot, conveys with the property. Parking is also available through offsite and on-street arrangements. Public water and public sewer serve the building, which is zoned Commercial.

Key Highlights

  • Six rental units in a 6,102‑square‑foot apartment building
  • Constructed in 1918 with masonry, wood‑frame, and brick materials
  • Additional parking lot identified as Lot 143 conveys with the property

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply (Bike/Boat/Book/etc) Store Electrical Service Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

383
Businesses Nearby

Demographics for 04736, ME

9,033
Population
4,719
Households
1.9
Avg Household Size
48
Median Age
26%
College-Educated
93%
High-School Grad
157.3 sq mi
ZIP Area
57
Density / Sq Mi
$56,189
Median Household Income
$42,840
Median Earnings
$696
Median Rent
$125,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Six rental units overlook Caribou Stream near local amenities, with additional parking conveyed through Lot 143.
Where is this apartment building located?
The property is located at 1 Water Street Caribou, ME.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Six rental units in a 6,102‑square‑foot apartment building; Constructed in 1918 with masonry, wood‑frame, and brick materials; Additional parking lot identified as Lot 143 conveys with the property
More about this property
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