Mixed-Use Building with Retail
145-147 Main Street Waterville, ME 04901
145-147 Main Street, Waterville, ME, 04901
$1,300,000
For Sale
$1,300,000
MULTI_FAMILY - Waterville, ME
Property Size9,854 SF
Lot Size0.06 Acres
Price / SF$131.93
Days on Market12
Property Features for 145-147 Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- CA
- Bathrooms
- 5
- Rooms
- Bathroom 1, Basement, Bathroom 5, Bathroom 3, Bathroom 4, Bathroom 2
- Parking features
- On Street, Other
- Interior features
- Other Amenities
- Basement
- Full, Walk-Out Access
- Standard status
- Active
- Size
- 9,854 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 25
- Tax Annual Amount
- 5994
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating), Forced Air, Electric (Heating), Hot Water(Heating), Natural Gas
- Cooling system
- Central Air, Heat Pump
- Water source
- Public
Building Details
- Year built
- 1870
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Concrete
- Building materials
- Masonry, Brick, Glass, Other Exterior
- Roof type
- Membrane
- Additional Structures
- Other
Listing agency
Berkshire Hathaway HomeServices Northeast Real Estate
(207) 942-8261
Listed by
Elisha Hardy · License #BR915418
(207) 314-2574
Added: Jul 11 Updated: Jul 21 at 10:56AM Checked: Jul 22 at 1:06PM
MLS# 1646269
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 mixed-use property features four residential apartments and two commercial rental spaces under one roof. The residential mix includes two 1-bedroom apartments, one 3-bedroom apartment, and a spacious 2-bedroom owner’s unit that overlooks Main Street. The owner’s unit can remain owner-occupied or be converted to an additional income-producing rental.
The street-level commercial spaces are occupied by Waterville House of Pizza and Soul Revival. Located at 145-147 Main Street in downtown Waterville, the building provides a combination of residential and commercial tenancy.
The property is listed for sale as an income-producing mixed-use asset with six units total, offering multiple rental streams within the same downtown structure. Possible owner financing may be available to qualified buyers.
The street-level commercial spaces are occupied by Waterville House of Pizza and Soul Revival. Located at 145-147 Main Street in downtown Waterville, the building provides a combination of residential and commercial tenancy.
The property is listed for sale as an income-producing mixed-use asset with six units total, offering multiple rental streams within the same downtown structure. Possible owner financing may be available to qualified buyers.
Local Financial Insights For Specialty Retail
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 | $177.4k | $18.00 |
| − Vacancy | −$30.2k | −$3.06 |
| EGI | $147.2k | $14.94 |
| − OpEx | −$36.8k | −$3.74 |
| NOI | $110.4k | $11.21 |
9,854 SF · lease $18.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.58M
$1.38M – $1.84M
NOI $110,414 @ 7.0% cap · market cap 8.49%
Second Best
Multifamily LT 5
$1.57M
$1.38M – $1.83M
NOI $110,046 @ 7.0% cap · market cap 8.47%
Theoretical Best
Warehouse
$14.70M
$12.86M – $17.15M
NOI $1,029,085 @ 7.0% cap · market cap 79.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Mixed-use property with four residential apartments and two ground-floor commercial spaces occupied in downtown Waterville.
Where is this quadplex located?
The property is located at 145-147 Main Street Waterville, ME.
What is the asking price?
The asking price for this property is $1,300,000.
