Waterfront
For Sale
$995,000
11 Water Street, Damariscotta, ME 04543
Commercial Sale, Damariscotta, ME
Property Size2,364 SF
Lot Size0.22 Acres
Price / SF$420.90
Days on Market49
Property Features for 11 Water Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-1
Rooms
Basement
Basement
Walk-Out Access, Finished, Full
Lot features
Business District, Near Shopping
Standard status
Active
Size
2,364 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8197
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Baseboard, Electric (Heating)
Cooling system
Heat Pump
Water source
Public
Amenities
waterfront decks
Building Details
Year built
1803
Flooring type
Carpet, Wood, Tile - Ceramic, Vinyl
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: Aug 27
Last Checked: Aug 31 at 7:06PM
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.
Investment Insights
Based on property information with market context.
This 2,364-square-foot quadplex contains four residential rental units and established income within a historic wood-frame building constructed in 1803. Recent improvements include updated electrical and plumbing systems, added insulation, heat pumps, roofing and gutters, and a sprinkler system. Two large waterfront decks complement the renovated interior while retaining original architectural character. The property is served by public water and public sewer and includes a basement, on-site parking, and approximately 70 feet of Damariscotta River frontage.
Located at 11 Water Street in downtown Damariscotta, the property is within walking distance of restaurants, shops, and galleries. Its C-1 zoning and four-unit configuration combine established residential use with a commercially designated setting. The 0.22-acre parcel offers direct waterfront context and views toward the harbor.
Located at 11 Water Street in downtown Damariscotta, the property is within walking distance of restaurants, shops, and galleries. Its C-1 zoning and four-unit configuration combine established residential use with a commercially designated setting. The 0.22-acre parcel offers direct waterfront context and views toward the harbor.
Key Highlights
- Four residential rental units in a 2,364‑square‑foot building
- Approximately 70 feet of frontage on the Damariscotta River
- C‑1 commercial zoning in downtown Damariscotta
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit rental property with commercial zoning, river frontage, parking, and recent building-system improvements.
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 $995,000.
What are key features of this property?
This property features: Four residential rental units in a 2,364‑square‑foot building; Approximately 70 feet of frontage on the Damariscotta River; C‑1 commercial zoning in downtown Damariscotta
