Waterfront
For Sale
$895,000
11 Water Street, Damariscotta, ME 04543
Commercial Sale, Damariscotta, ME
Property Size2,925 SF
Lot Size0.22 Acres
Price / SF$305.98
Days on Market95
Property Features for 11 Water Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-1
Rooms
Basement
Basement
Walk-Out Access, Full, Finished
Lot features
Business District, Near Shopping
Standard status
Active
Size
2,925 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8197
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Heat Pump (Heating), Electric (Heating)
Cooling system
Heat Pump
Water source
Public
Amenities
waterfront decks
Building Details
Year built
1803
Flooring type
Vinyl, Carpet, Wood, Tile - Ceramic
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Listing Agency:
Newcastle Realty
(207) 563-1003
Listed By:
Patti Brown
(207) 530-2253
Added: Jul 14
Changed: Oct 15
Last Checked: Oct 16 at 12:06PM
MLS# 1663826
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 2,925-square-foot quadplex at 11 Water Street contains four residential rental units and on-site parking. The wood-frame building, constructed in 1803, retains historic architectural character while incorporating updated electrical and plumbing systems, insulation, heat pumps, roofing, gutters, and a sprinkler system. Interior finishes include wood, carpet, vinyl, and ceramic tile.
Set on 0.22 acres in downtown Damariscotta, the property offers approximately 70 feet of frontage along the Damariscotta River. Two large waterfront decks overlook the harbor. The C-1 zoning supports the existing residential configuration and provides flexibility for residential, commercial, or mixed-use occupancy, as described in the property information. Public water and public sewer serve the building.
Set on 0.22 acres in downtown Damariscotta, the property offers approximately 70 feet of frontage along the Damariscotta River. Two large waterfront decks overlook the harbor. The C-1 zoning supports the existing residential configuration and provides flexibility for residential, commercial, or mixed-use occupancy, as described in the property information. Public water and public sewer serve the building.
Key Highlights
- Four residential rental units in a 2,925‑square‑foot building
- Approximately 70 feet of Damariscotta River frontage
- Two large waterfront decks with harbor views
Property Analytics
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Current Use
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units with C-1 zoning, public utilities, and two waterfront decks.
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 Damariscotta River frontage; Two large waterfront decks with harbor views
