Three-Unit Multifamily
8 High Street Waterville, ME 04901
For Sale
$249,900
MULTI_FAMILY - Waterville, ME
Property Size2,214 SF
Price / SF$112.87
Days on Market238
Property Features for 8 High Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Attached
- Bathrooms
- 3
- Standard status
- Active
- Size
- 2,214 SF
Building Details
- Year built
- 1938
Listing Agency:
Auburn, Maine
(207) 782-8311
Listed By:
Renee Roy
(207) 782-8311
Added: Nov 28, 2025
Changed: Jul 23
Last Checked: Jul 24 at 6:06AM
MLS# 1644451
Copyright © 2026 Better Homes and Gardens-The Masiello Group. 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-maintained three-unit multifamily property includes two 2-bedroom apartments and one 1-bedroom unit. The apartments are described as spacious and bright, with comfortable layouts intended for long-term occupancy. The building improvements noted include new roof shingles and a newer heating system.
The property is located in Waterville, Maine, in a quiet, desirable neighborhood. Public remarks indicate it is within walking distance of the local elementary school and other town amenities.
For ownership or investment, the configuration provides a mix of unit sizes within a single three-unit building.
The property is located in Waterville, Maine, in a quiet, desirable neighborhood. Public remarks indicate it is within walking distance of the local elementary school and other town amenities.
For ownership or investment, the configuration provides a mix of unit sizes within a single three-unit building.
Key Highlights
- 1938‑built 3‑unit multi‑family property in a quiet, desirable neighborhood
- Two 2‑bedroom units with spacious layouts and abundant natural light
- One 1‑bedroom unit for low‑maintenance living for singles or couples
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 | $39.9k | $18.00 |
| − Vacancy | −$638 | −$0.29 |
| EGI | $39.2k | $17.71 |
| − OpEx | −$17.6k | −$7.97 |
| NOI | $21.6k | $9.74 |
2,214 SF · lease $18.00/SF/yr · vacancy 1.60% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$353.2K
$309.1K – $412.1K
NOI $24,725 @ 7.0% cap · market cap 9.89%
Second Best
Apartment 5plus
$308.1K
$269.6K – $359.5K
NOI $21,568 @ 7.0% cap · market cap 8.63%
Theoretical Best
Warehouse
$3.30M
$2.89M – $3.85M
NOI $231,215 @ 7.0% cap · market cap 92.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three-unit residential building with two 2-bedroom apartments and one 1-bedroom unit, plus newer heating and a new roof.
Where is this triplex located?
The property is located at 8 High Street Waterville, ME.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 1938‑built 3‑unit multi‑family property in a quiet, desirable neighborhood; Two 2‑bedroom units with spacious layouts and abundant natural light; One 1‑bedroom unit for low‑maintenance living for singles or couples
