Triplex with Updated Upper
New
For Sale
$549,900
12 Boothby St, Waterville, ME 04901
The upper residence has been renovated, while each of the two side-by-side apartments includes private basement storage.
Property Size3,751 SF
Price / SF$146.60
Days on Market2
Property Features for 12 Boothby St
General Information
Standard status
Active
Size
3,751 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
3 x 3BR/1BA
Multifamily Units
3
Building Details
Year Built
1930
Listed By:
Kathy Gallant
(207) 841-7569
Source:
Gre207
Added: Oct 7
Last Checked: Oct 7 at 11:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kathy Gallant
Investment Insights
Based on property information with market context.
This three-unit residential property contains 3,751 square feet of finished living area, with nine bedrooms and three full bathrooms. Two apartments sit side by side, each with three bedrooms, one bathroom, and a private basement for storage. A third three-bedroom apartment occupies the upper level and has been updated throughout. Building features include a metal roof, vinyl siding, paved parking, and newer natural gas furnaces. Tenants pay for their own heat.
The property is at 12 Boothby Street in Waterville, near downtown, shopping, restaurants, colleges, hospitals, and I-95. The setting is described as a quiet residential road, with outdoor space on the in-town lot.
The property is at 12 Boothby Street in Waterville, near downtown, shopping, restaurants, colleges, hospitals, and I-95. The setting is described as a quiet residential road, with outdoor space on the in-town lot.
Key Highlights
- Three apartments with 3,751 square feet of finished living space
- Nine bedrooms and three full bathrooms in total
- Two side‑by‑side apartments, each with a private basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,890
Cap Rate
7.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$837,800
$837.8K
Cap Rate 7%
$598,429
$598.4K
Cap Rate 9%
$465,444
$465.4K
Market Conditions
NOI Build-Up for 3,751 SF
Gross rent
$60.8K $16.20/SF
− Vacancy
−$924 −$0.25/SF
EGI
$59.8K $15.95/SF
− OpEx
−$18.0K −$4.79/SF
NOI
$41.9K $11.17/SF
Area
Kennebec County, ME
Vacancy
1.52%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$837,800
Cap Rate 7%
$598,429
Cap Rate 9%
$465,444
Alternative Uses
Best Use
Multifamily LT 5
$598.4K
$523.6K – $698.2K
NOI $41,890 @ 7.0% cap · market cap 7.62%
Second Best
Apartment 5plus
$522.0K
$456.8K – $609.0K
NOI $36,541 @ 7.0% cap · market cap 6.65%
Theoretical Best
Warehouse
$5.60M
$4.90M – $6.53M
NOI $391,729 @ 7.0% cap · market cap 71.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
840
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
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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?
Triplex - The upper residence has been renovated, while each of the two side-by-side apartments includes private basement storage.
Where is this triplex located?
The property is located at 12 Boothby St Waterville, ME.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Three apartments with 3,751 square feet of finished living space; Nine bedrooms and three full bathrooms in total; Two side‑by‑side apartments, each with a private basement
