Two-Unit
New
For Sale
$299,900
1 Mount Pleasant Street, Waterville, ME 04901
MULTI_FAMILY - Waterville, ME
Property Size2,031 SF
Lot Size0.37 Acres
Price / SF$147.66
Days on Market4
Property Features for 1 Mount Pleasant Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RB
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 2, Bathroom 1
Basement
Unfinished, Full
Lot features
Level, Neighborhood
Standard status
Active
Size
2,031 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4097
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Baseboard, Oil
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Carpet, Laminate, Tile
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Francois Rodrigue
(207) 873-9013
Added: Aug 3
Last Checked: Aug 6 at 6:06AM
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.
Investment Insights
Based on property information with market context.
This 2,031-square-foot duplex, built in 1920, contains two separate residences. One unit offers one to two bedrooms and one bathroom, while the second includes two bedrooms and one bathroom. Interior finishes include carpet, laminate, and tile flooring. The building has wood-frame construction with vinyl siding, a shingle roof, oil-fired hot-water baseboard heating, and a basement.
The property occupies 0.37 acres at 1 Mount Pleasant Street in Waterville, Maine, within ZIP Code 04901. Public water and public sewer serve the property. Its two-unit configuration supports an owner-occupancy arrangement with rental income from the other residence or continued use as a multifamily investment. Updates and improvements may be undertaken based on the owner's plans.
The property occupies 0.37 acres at 1 Mount Pleasant Street in Waterville, Maine, within ZIP Code 04901. Public water and public sewer serve the property. Its two-unit configuration supports an owner-occupancy arrangement with rental income from the other residence or continued use as a multifamily investment. Updates and improvements may be undertaken based on the owner's plans.
Key Highlights
- Two‑unit duplex with 2,031 square feet of building area
- One 1‑2 bedroom, 1‑bath unit and one 2‑bedroom, 1‑bath unit
- 0.37‑acre lot at 1 Mount Pleasant Street, Waterville, ME 04901
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 | $32.9k | $16.20 |
| − Vacancy | −$500 | −$0.25 |
| EGI | $32.4k | $15.95 |
| − OpEx | −$9.7k | −$4.79 |
| NOI | $22.7k | $11.17 |
2,031 SF · lease $16.20/SF/yr · vacancy 1.52% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Wood-frame duplex with separate one- and two-bedroom residences, public utilities, and owner-occupancy or rental use potential.
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; One 1‑2 bedroom, 1‑bath unit and one 2‑bedroom, 1‑bath unit; 0.37‑acre lot at 1 Mount Pleasant Street, Waterville, ME 04901
