Apartment Building with Attached Two-Level
For Sale
$595,000
11 Winter Street, Waterville, ME 04901
MULTI_FAMILY - Other - Waterville, ME
Property Size3,941 SF
Lot Size0.19 Acres
Price / SF$150.98
Days on Market23
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 1, Bathroom 4, Bathroom 3, Bathroom 2, Bathroom 7, Bathroom 5, Bathroom 6
Parking features
Open
Patio and Porch features
Porch, Deck
Interior features
1st Floor Bedroom
Basement
Unfinished, Crawl Space, 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
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
Metal, Shingle
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: Aug 4
Last Checked: Aug 6 at 6:06AM
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.
Investment Insights
Based on property information with market context.
This apartment building offers a well-cared-for multi-unit setup on a 0.19-acre lot. The property is a wood-frame structure with aluminum and vinyl siding, featuring interior finishes including carpet, tile, and laminate. The building was constructed in 1900 and includes a deck and porch as outdoor living features. Heating is provided via baseboard systems and hot water, with propane and natural gas listed as heating sources.
The owner’s attached unit includes a two-level layout with a second-floor living room open to an office, a modern kitchen, a large primary bedroom, two baths, and a deck. The building also provides open parking, described as paved. Unit 2 has had a newer kitchen installed and an updated bathroom.
Unit configuration information is presented in two ways: the owner said the building has been used as a 6-unit for approximately 25 years, while the Town of Waterville shows it as a 5-unit, with Code Enforcement Officer awareness. The property is served by public water and public sewer and includes a metal and shingle roof. Zoning is RD.
The owner’s attached unit includes a two-level layout with a second-floor living room open to an office, a modern kitchen, a large primary bedroom, two baths, and a deck. The building also provides open parking, described as paved. Unit 2 has had a newer kitchen installed and an updated bathroom.
Unit configuration information is presented in two ways: the owner said the building has been used as a 6-unit for approximately 25 years, while the Town of Waterville shows it as a 5-unit, with Code Enforcement Officer awareness. The property is served by public water and public sewer and includes a metal and shingle roof. Zoning is RD.
Key Highlights
- 0.19‑acre lot with 3,941 SF apartment building
- Owner’s attached two‑level unit with second‑floor living room open to office, modern kitchen, deck
- Zoned RD; paved open parking
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.9k | $18.00 |
| − Vacancy | −$1.1k | −$0.29 |
| EGI | $69.8k | $17.71 |
| − OpEx | −$31.4k | −$7.97 |
| NOI | $38.4k | $9.74 |
3,941 SF · lease $18.00/SF/yr · vacancy 1.60% · expense 45.00%
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.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
975
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - RD-zoned apartment building featuring a garage-attached, two-level unit with a deck and updated interiors.
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: 0.19‑acre lot with 3,941 SF apartment building; Owner’s attached two‑level unit with second‑floor living room open to office, modern kitchen, deck; Zoned RD; paved open parking
