Two-Unit Multifamily
1 Mount Pleasant Street, Waterville, ME 04901
For Sale
$299,900
Multi-Family, Waterville, ME
Property Size2,031 SF
Lot Size0.37 Acres
Price / SF$147.66
Days on Market96
Property Features for 1 Mount Pleasant Street
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Basement
Lot features
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Francois Rodrigue
(207) 873-9013
Added: Aug 3
Changed: Oct 30
Last Checked: Nov 6 at 8:06PM
MLS# 1674584
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.
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Investment Insights
Based on property information with market context.
This 2,031-square-foot duplex was built in 1920 and contains two residential units. One unit offers one to two bedrooms and one bathroom, while the other includes two bedrooms and one bathroom. Interior finishes include tile, laminate, and carpet, with hot-water baseboard heating. The building has wood-frame construction, vinyl siding, and a shingle roof.
The property occupies 0.37 acres in Waterville, Maine, with public water and public sewer service. Zoned RB, it provides a two-unit residential configuration with a basement and separate bathrooms serving the units. Its location in Waterville places the property near shopping, dining, schools, and other local amenities.
The property occupies 0.37 acres in Waterville, Maine, with public water and public sewer service. Zoned RB, it provides a two-unit residential configuration with a basement and separate bathrooms serving the units. Its location in Waterville places the property near shopping, dining, schools, and other local amenities.
Key Highlights
- Two‑unit duplex with 2,031 square feet of building area
- Unit mix includes one 1‑2 bedroom unit and one 2‑bedroom unit
- Each unit includes 1 bathroom
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
153
Businesses Nearby
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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
$188,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Waterville, ME
Properties on Market for Duplexes in Waterville
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with distinct residential units, public utilities, and a basement for additional property function.
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‑unit duplex with 2,031 square feet of building area; Unit mix includes one 1‑2 bedroom unit and one 2‑bedroom unit; Each unit includes 1 bathroom
