4-Unit Waterfront
New
For Sale
$895,000
11 Water Street, Damariscotta, ME 04543
Multi-Family, Damariscotta, ME
Property Size2,925 SF
Lot Size0.22 Acres
Price / SF$305.98
Days on Market3
Property Features for 11 Water Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C-1
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 2, Bathroom 4, Bathroom 3, Basement
Patio and Porch features
Deck, Patio
Basement
Walk-Out Access, Finished, Full
Appliances
Tankless Water Heater
Lot features
Rolling/ Sloping, Open, Corner Lot, Intown, Near Shopping, Near Public Transit
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, Electric (Heating), Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Water front
1
Amenities
waterfront decks
Building Details
Year built
1803
Number of units
4
Flooring type
Tile - Ceramic, Carpet, Vinyl, Wood
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Federal
Listing Agency:
Newcastle Realty
(207) 563-1003
Listed By:
Patti Brown
(207) 530-2253
Added: Sep 25
Last Checked: Sep 27 at 2:06PM
MLS# 1663212
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 Federal-style property contains four residential rental units within 2,925 square feet. Built in 1803, the wood-frame building has received updates to its electrical and plumbing systems, insulation, roofing, gutters, and sprinkler system. Heat pumps and two waterfront decks are among its features; the site totals 0.22 acres, with approximately 70 feet along the Damariscotta River.
The property is in downtown Damariscotta, within walking distance of restaurants, shops, and galleries. Public water and sewer serve the building. Its C-1 zoning and existing residential configuration are accompanied by the possibility of considering a different residential, commercial, or mixed-use occupancy mix, subject to applicable requirements.
The property is in downtown Damariscotta, within walking distance of restaurants, shops, and galleries. Public water and sewer serve the building. Its C-1 zoning and existing residential configuration are accompanied by the possibility of considering a different residential, commercial, or mixed-use occupancy mix, subject to applicable requirements.
Key Highlights
- Four residential rental units in 2,925 square feet
- Approximately 70 feet of frontage on the Damariscotta River
- 0.22‑acre site in downtown Damariscotta
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential rentals sit in a C-1-zoned building with river frontage and recent system upgrades.
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 2,925 square feet; Approximately 70 feet of frontage on the Damariscotta River; 0.22‑acre site in downtown Damariscotta
