Waterfront Four-Unit
For Sale
$895,000
11 Water Street, Damariscotta, ME 04543
Commercial zoning supports consideration of residential, commercial, or mixed-use occupancy.
Property Size2,925 SF
Price / SF$305.98
Days on Market165
Property Features for 11 Water Street
General Information
Standard status
Active
Size
2,925 SF
Property subtype
Mixed Use
Additional Details
Sprinkler System
Yes
Multifamily Units
4
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$8,197
Amenities
waterfront decks
Building Details
Building Size
2,925 SF
Year Built
1803
Buildings
1
Listing Agency:
Newcastle Realty
Listed By:
Patti Brown
(207) 530-2253
Source:
Midcoasthome
Added: May 25
Changed: Nov 3
Last Checked: Nov 5 at 9:12AM
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 Newcastle 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 2,925-square-foot quadplex contains four residential rental units and dates to 1803. Improvements include updated electrical and plumbing systems, insulation, heat pumps, roofing, gutters, and a sprinkler system. Two decks face the water, while on-site parking serves the property. Commercial zoning allows consideration of residential, commercial, or mixed-use occupancy.
The property sits in downtown Damariscotta along the Damariscotta River, with approximately 70 feet of river frontage. Restaurants, shops, and galleries are within walking distance. Its historic character remains part of the building following renovation, alongside the reported building-system and exterior improvements.
The property sits in downtown Damariscotta along the Damariscotta River, with approximately 70 feet of river frontage. Restaurants, shops, and galleries are within walking distance. Its historic character remains part of the building following renovation, alongside the reported building-system and exterior improvements.
Key Highlights
- Four residential rental units in a 2,925‑square‑foot building
- Approximately 70 feet of frontage on the Damariscotta River
- Two waterfront decks and on‑site parking
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
590
Businesses Nearby
Explore this area
Business Placement
Demographics for 04543, ME
2,297
Population
1,339
Households
1.7
Avg Household Size
53
Median Age
40%
College-Educated
96%
High-School Grad
12.4 sq mi
ZIP Area
185
Density / Sq Mi
$59,659
Median Household Income
$31,474
Median Earnings
$974
Median Rent
$333,000
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?
Quadplex - Commercial zoning supports consideration of residential, commercial, or mixed-use occupancy.
Where is this quadplex located?
The property is located at 11 Water Street Damariscotta, ME.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Four residential rental units in a 2,925‑square‑foot building; Approximately 70 feet of frontage on the Damariscotta River; Two waterfront decks and on‑site parking
