Two-Unit Duplex with Off-Street
63 Summer Street, Waterville, ME 04901
New
MULTI_FAMILY - Other - Waterville, ME
Property size:
1,838 SFLot size:
0.18 AcresPrice / SF:
$135/SF- Added:
- Jun 22, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 63 Summer Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential
- Bathrooms
- 2
- Rooms
- Basement, Bathroom 1, Bathroom 2
- Pets allowed
- No
- Interior features
- 1st Floor Bedroom, Bathtub
- Basement
- Full, Walk-Out Access, Unfinished
- Standard status
- Active
- Size
- 1,838 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 3048
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating), Baseboard, Electric (Heating), Oil, Hot Water(Heating)
- Cooling system
- Heat Pump
- Water source
- Public
- Water front features
- Stream
Building Details
- Year built
- 1910
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Laminate
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Robbin Eusebio (207) 632-3922
Listing office Coldwell Banker Plourde Real Estate 143 Silver Street, Waterville, ME (207) 872-7650
Listing date Jun 22, 2026
MLS# 1653113
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.
HighLights
- Two‑unit in‑town home built in 1910 with two separate 2‑bedroom, 1‑bath units
- First‑floor unit renovated with modern kitchen, new stainless‑steel appliances, and heat pumps for efficient heating/cooling
- Cooling and heating include heat pump plus baseboard, electric, oil, and hot water heating systems
- New shingle roof and full basement with both interior and walk‑out access
- Public utilities: public water and public sewer; corner lot with paved, off‑street parking
- Vinyl siding and wood‑frame construction with vinyl and laminate flooring; stream waterfront feature
Overview
This two-unit duplex offers two separate 2-bedroom, 1-bath homes. The first-floor unit has been renovated, with an updated bathroom and a modern kitchen featuring stainless-steel appliances, along with heat pumps for cooling and heating. The property also includes a full basement with both interior access and a walk-out option, providing flexible space for storage, a workshop, or other uses. Additional improvements noted include a new roof. Off-street parking is paved and available for both residents.
Located in-town on a corner lot in Waterville, the home provides easy access to I-95 and is described as a short walk to downtown Waterville’s shops, bars, and restaurants. The surrounding area is characterized in the remarks as a quiet, friendly neighborhood.
As presented, the property can serve either investors or owner-occupants. For an investor, the remarks indicate it is fully rented and ready to generate rental income at the time of purchase. For homeowners, the layout supports living in one unit while the other unit may provide rental support. With two distinct living spaces, plus a basement with walk-out access, the building can fit a range of residential income and owner-use scenarios within Residential zoning.
Located in-town on a corner lot in Waterville, the home provides easy access to I-95 and is described as a short walk to downtown Waterville’s shops, bars, and restaurants. The surrounding area is characterized in the remarks as a quiet, friendly neighborhood.
As presented, the property can serve either investors or owner-occupants. For an investor, the remarks indicate it is fully rented and ready to generate rental income at the time of purchase. For homeowners, the layout supports living in one unit while the other unit may provide rental support. With two distinct living spaces, plus a basement with walk-out access, the building can fit a range of residential income and owner-use scenarios within Residential zoning.
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 | $29.8k | $16.20 |
| − Vacancy | −$453 | −$0.25 |
| EGI | $29.3k | $15.95 |
| − OpEx | −$8.8k | −$4.79 |
| NOI | $20.5k | $11.17 |
1,838 SF · lease $16.20/SF/yr · vacancy 1.52% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$293.2K
$256.6K – $342.1K
NOI $20,526 @ 7.0% cap · market cap 8.24%
Second Best
Apartment 5plus
$255.8K
$223.8K – $298.4K
NOI $17,905 @ 7.0% cap · market cap 7.19%
Theoretical Best
Warehouse
$2.74M
$2.40M – $3.20M
NOI $191,948 @ 7.0% cap · market cap 77.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Blacktreeblueraven
Alternative Medicine Practice
Location Insight
- Map
- Local Demand
- City
- Waterville
- County
- Kennebec
- State
- Maine
- Longitude
- -69.64011
- Latitude
- 44.541417
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two 2-bedroom, 1-bath units with renovations, new roof, and full basement access plus paved off-street parking.
Where is this duplex located?
The property is located at 63 Summer Street Waterville, ME.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Two‑unit in‑town home built in 1910 with two separate 2‑bedroom, 1‑bath units; First‑floor unit renovated with modern kitchen, new stainless‑steel appliances, and heat pumps for efficient heating/cooling; Cooling and heating include heat pump plus baseboard, electric, oil, and hot water heating systems
