Multi-Unit Residential Income
11 Winter Street Waterville, ME 04901
For Sale
$595,000
MULTI_FAMILY - Other - Waterville, ME
Property Size3,941 SF
Lot Size0.19 Acres
Price / SF$150.98
Days on Market15
Property Features for 11 Winter Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RD
Bathrooms
7
Rooms
Bathroom 6, Bathroom 2, Bathroom 1, Bathroom 7, Bathroom 4, Bathroom 5, Bathroom 3
Parking features
Open
Patio and Porch features
Deck, Porch
Interior features
1st Floor Bedroom
Basement
Unfinished, Full, Crawl Space
Standard status
Active
Size
3,941 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
25
Tax Annual Amount
6183
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Baseboard, Natural Gas
Water source
Public
Building Details
Year built
1900
Floors in Building
3
Number of units
6
Flooring type
Tile, Laminate, Carpet
Building materials
Wood Frame, Aluminum Siding, Clapboard, Vinyl Siding
Roof type
Metal, Shingle
Architectural style
Other
Listing Agency:
Century 21 Nason Realty
(207) 873-2119
Listed By:
Kim Moxcey
(207) 242-2674
Added: Jul 15
Changed: Jul 28
Last Checked: Jul 29 at 4:06AM
MLS# 1671696
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 well-cared-for multi-unit residential income building features multiple apartments with updates completed throughout, plus an attached, two-level owner’s unit. The owner’s unit includes a second-floor living room open to an office, a modern kitchen, a large primary bedroom, two bathrooms, and a deck. Unit 2 also has a newer kitchen and an updated bathroom. The building is heated with propane and provides paved parking.
The property is located on Winter Street in Waterville, ME, in a convenient neighborhood noted as walkable to downtown. The owner states the building has been used as a 6-unit for approximately 25 years, while the Town of Waterville shows it as a 5-unit, with the Code Enforcement Officer aware. For operating expenses, refer to APOD. A 48-hour notice is preferred for showings.
The property is located on Winter Street in Waterville, ME, in a convenient neighborhood noted as walkable to downtown. The owner states the building has been used as a 6-unit for approximately 25 years, while the Town of Waterville shows it as a 5-unit, with the Code Enforcement Officer aware. For operating expenses, refer to APOD. A 48-hour notice is preferred for showings.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.9k | $18.00 |
| − Vacancy | −$1.1k | −$0.29 |
| EGI | $69.8k | $17.71 |
| − OpEx | −$31.4k | −$7.97 |
| NOI | $38.4k | $9.74 |
3,941 SF · lease $18.00/SF/yr · vacancy 1.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$548.5K
$479.9K – $639.9K
NOI $38,392 @ 7.0% cap · market cap 6.45%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$5.88M
$5.14M – $6.86M
NOI $411,571 @ 7.0% cap · market cap 69.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained multi-unit building with updated apartments, paved parking, and propane heat in a Waterville neighborhood.
Where is this apartment building located?
The property is located at 11 Winter Street Waterville, ME.
What is the asking price?
The asking price for this property is $595,000.
