Cape Cod Duplex With Two
2 Central Avenue Waterville, ME 04901
MULTI_FAMILY - Cape Cod - Waterville, ME
Property size:
1,847 SFLot size:
0.21 AcresPrice / SF:
$178/SF- Added:
- Jun 19, 2026
- Days on Market:
- 22
- Last Refresh:
- Jul 10 at 5:06 pm
Property Features for 2 Central Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RB
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Basement
- Parking features
- Off Street
- Patio and Porch features
- Porch
- Interior features
- Walk-in Closets, 1st Floor Bedroom, Shower, Storage
- Basement
- Full, Walk-Out Access, Daylight
- Appliances
- Tankless Water Heater
- Standard status
- Active
- Size
- 1,847 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3154
Utilities
- Sewer type
- Public Sewer
- Heating system
- Oil, Hot Water(Heating), Zoned, Baseboard
- Water source
- Public
Building Details
- Year built
- 1890
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Carpet, Tile, Vinyl
- Building materials
- Wood Frame, Vinyl Siding, Other Exterior
- Roof type
- Shingle, Fiberglass
- Architectural style
- Cape Cod
- Additional Structures
- Storage
Listing agent Deborah Joseph (207) 491-9179
Listing office EXP Realty 41 Hutchins Drive Building 3, Rangeley, ME (888) 439-8743
Listing date Jun 19, 2026
MLS# 1668039
Listing URL
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 Cape Cod-style duplex offers residential income potential with two long-term tenants. The home has been maintained by the current owner, including painting the entire interior, updating the exterior with a brick facade, and painting the exterior of the garage. Brand new appliances have also been added, supporting an investor-ready residential setup.
The property is located at 2 Central Avenue in Waterville, Maine (04901), in RB zoning. The lot totals 0.21 acres, and the property size is 1,847 square feet.
For buyers seeking an occupied duplex, this asset includes two tenants with documented long-term occupancy as stated in the remarks. Recent updates such as interior painting, exterior improvements, and new appliances may help reduce near-term turnover or refresh costs. Prospective investors or owner-occupants should review the lease details and confirm all existing conditions during inspection.
The property is located at 2 Central Avenue in Waterville, Maine (04901), in RB zoning. The lot totals 0.21 acres, and the property size is 1,847 square feet.
For buyers seeking an occupied duplex, this asset includes two tenants with documented long-term occupancy as stated in the remarks. Recent updates such as interior painting, exterior improvements, and new appliances may help reduce near-term turnover or refresh costs. Prospective investors or owner-occupants should review the lease details and confirm all existing conditions during inspection.
Key Highlights
- Cape Cod home built in 1890 with a porch and off‑street parking
- Interior features include walk‑in closets, a first‑floor bedroom, storage, and showers
- Heating is zoned hot water baseboard with oil fuel
Local Financial Insights For Multifamily LT 5
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 | $29.9k | $16.20 |
| − Vacancy | −$455 | −$0.25 |
| EGI | $29.5k | $15.95 |
| − OpEx | −$8.8k | −$4.79 |
| NOI | $20.6k | $11.17 |
1,847 SF · lease $16.20/SF/yr · vacancy 1.52% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$294.7K
$257.8K – $343.8K
NOI $20,627 @ 7.0% cap · market cap 6.27%
Second Best
Apartment 5plus
$257.0K
$224.9K – $299.9K
NOI $17,993 @ 7.0% cap · market cap 5.47%
Theoretical Best
Warehouse
$2.76M
$2.41M – $3.21M
NOI $192,888 @ 7.0% cap · market cap 58.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex for sale with two long-term tenants and recent interior, exterior, and appliance updates.
Where is this duplex located?
The property is located at 2 Central Avenue Waterville, ME.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Cape Cod home built in 1890 with a porch and off‑street parking; Interior features include walk‑in closets, a first‑floor bedroom, storage, and showers; Heating is zoned hot water baseboard with oil fuel
