Two-Unit
For Sale
$299,900
1 Mount Pleasant Street, Waterville, ME 04901
RB zoning and two separate residences support a range of ownership and rental arrangements.
Property Size2,031 SF
Price / SF$147.66
Days on Market91
Property Features for 1 Mount Pleasant Street
General Information
Standard status
Active
Size
2,031 SF
Property subtype
Multi Family Home
Zoning
RB
Units
Unit Mix
1 x 1-2 bedroom, 1-bath, 1 x 2-bedroom, 1-bath
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,097
Building Details
Building Size
2,031 SF
Year Built
1920
Stories
2
Units
2
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Francois Rodrigue
(207) 873-9013
Source:
Amerorealty
Added: Aug 3
Changed: Oct 31
Last Checked: Oct 31 at 2:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two residences: one with 1–2 bedrooms and 1 bath, and another with 2 bedrooms and 1 bath. The 2,031-square-foot property was built in 1920 and is zoned RB.
Located in Waterville, the property offers access to shopping, dining, schools, and other local amenities.
Located in Waterville, the property offers access to shopping, dining, schools, and other local amenities.
Key Highlights
- Two residential units
- One unit has 1–2 bedrooms and 1 bath; the other has 2 bedrooms and 1 bath
- 2,031 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,681
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,620
$453.6K
Cap Rate 7%
$324,014
$324.0K
Cap Rate 9%
$252,011
$252.0K
Market Conditions
NOI Build-Up for 2,031 SF
Gross rent
$32.9K $16.20/SF
− Vacancy
−$500 −$0.25/SF
EGI
$32.4K $15.95/SF
− OpEx
−$9.7K −$4.79/SF
NOI
$22.7K $11.17/SF
Area
Kennebec County, ME
Vacancy
1.52%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,620
Cap Rate 7%
$324,014
Cap Rate 9%
$252,011
Alternative Uses
Best Use
Multifamily LT 5
$324.0K
$283.5K – $378.0K
NOI $22,681 @ 7.0% cap · market cap 7.56%
Second Best
Apartment 5plus
$282.6K
$247.3K – $329.8K
NOI $19,785 @ 7.0% cap · market cap 6.60%
Theoretical Best
Warehouse
$3.03M
$2.65M – $3.54M
NOI $212,104 @ 7.0% cap · market cap 70.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
153
Businesses Nearby
Explore this area
Business Placement
Demographics for 04901, ME
26,491
Population
12,084
Households
2.2
Avg Household Size
41
Median Age
30%
College-Educated
93%
High-School Grad
78.8 sq mi
ZIP Area
336
Density / Sq Mi
$54,122
Median Household Income
$33,623
Median Earnings
$957
Median Rent
$188,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - RB zoning and two separate residences support a range of ownership and rental arrangements.
Where is this duplex located?
The property is located at 1 Mount Pleasant Street Waterville, ME.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two residential units; One unit has 1–2 bedrooms and 1 bath; the other has 2 bedrooms and 1 bath; 2,031 square feet
