Apartment Building with 3-Car
For Sale
$595,000
11 Winter Street, Waterville, ME 04901
Multi-Family, Waterville, ME
Property Size3,941 SF
Lot Size0.19 Acres
Price / SF$150.98
Days on Market106
Property Features for 11 Winter Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RD
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 2, Bathroom 6, Bathroom 7, Bathroom 5, Bathroom 4, Bathroom 3, Bathroom 1
Parking features
Open
Patio and Porch features
Porch, Deck
Interior features
1st Floor Bedroom
Basement
Crawl Space, Unfinished, Full
Lot features
Open, Level, Near Shopping, Near Town, Neighborhood
Standard status
Active
Size
3,941 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
25
Tax Annual Amount
6183
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Natural Gas, Hot Water(Heating)
Water source
Public
Amenities
paved parking
garage
deck
Building Details
Year built
1900
Floors in Building
3
Number of units
6
Flooring type
Carpet, Laminate, Tile
Building materials
Wood Frame, Aluminum Siding, Clapboard, Vinyl Siding
Roof type
Shingle, Metal
Architectural style
Other
Listing Agency:
Century 21 Nason Realty · Century 21 Real Estate
(207) 873-2119
Listed By:
Kim Moxcey
(207) 242-2674
Added: Jul 15
Changed: Oct 27
Last Checked: Oct 28 at 12:06AM
MLS# 1671696
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 3,941-square-foot apartment building occupies a 0.19-acre lot and dates to 1900. The property includes an attached two-level owner’s apartment with a living room, office, modern kitchen, primary bedroom, two bathrooms, and deck, along with a three-car garage. Other interior features include laminate, carpet, and tile flooring, a first-floor bedroom, and multiple bathrooms. Wood-frame construction is finished with a combination of aluminum, clapboard, and vinyl siding, while roofing includes shingle and metal sections.
The property is located on Winter Street in Waterville, within walking distance of downtown. Site improvements include paved parking, a porch, and a deck. Public water and public sewer serve the building, and the property is zoned RD.
The property is located on Winter Street in Waterville, within walking distance of downtown. Site improvements include paved parking, a porch, and a deck. Public water and public sewer serve the building, and the property is zoned RD.
Key Highlights
- 3,941 square feet on a 0.19‑acre lot
- Attached 3‑car garage with a two‑level owner’s apartment
- Owner’s unit includes 2 bathrooms, office, deck, and modern kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,392
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$767,840
$767.8K
Cap Rate 7%
$548,457
$548.5K
Cap Rate 9%
$426,578
$426.6K
Market Conditions
NOI Build-Up for 3,941 SF
Gross rent
$70.9K $18.00/SF
− Vacancy
−$1.1K −$0.29/SF
EGI
$69.8K $17.71/SF
− OpEx
−$31.4K −$7.97/SF
NOI
$38.4K $9.74/SF
Area
Kennebec County, ME
Vacancy
1.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$767,840
Cap Rate 7%
$548,457
Cap Rate 9%
$426,578
Alternative Uses
Best Use
Apartment 5plus
$548.5K
$479.9K – $639.9K
NOI $38,392 @ 7.0% cap · market cap 6.45%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$5.88M
$5.14M – $6.86M
NOI $411,571 @ 7.0% cap · market cap 69.17%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
975
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with an attached owner’s residence, updated interiors, paved parking, and public water and sewer service.
Where is this apartment building located?
The property is located at 11 Winter Street Waterville, ME.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 3,941 square feet on a 0.19‑acre lot; Attached 3‑car garage with a two‑level owner’s apartment; Owner’s unit includes 2 bathrooms, office, deck, and modern kitchen
