Duplex with Private
New
For Sale
$179,000
12 Butler Court, Waterville, ME 04901
Multi-Family, Waterville, ME
Property Size880 SF
Lot Size0.07 Acres
Price / SF$203.41
Days on Market2
Property Features for 12 Butler Court
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
CC
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Basement
Parking features
Carport
Patio and Porch features
Deck, Porch
Pets allowed
No
Interior features
1st Floor Bedroom
Lot features
Other Site, Intown, Near Shopping
Standard status
Active
Size
880 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
11643
Utilities
Sewer type
Public Sewer
Heating system
Oil, Zoned, Forced Air
Water source
Public
Amenities
private deck
enclosed front porch
carport
shed
Building Details
Year built
1910
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Laminate
Building materials
Wood Frame, Composition
Roof type
Metal, Shingle
Listing Agency:
EXP Realty
(888) 439-8743
Listed By:
Jeffrey Jolicoeur
(207) 649-6893
Added: Oct 22
Last Checked: Oct 23 at 7:06PM
MLS# 1685206
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 1910 duplex contains 880 square feet across two residences on a 0.07-acre lot. The upper unit has an exterior entrance, a kitchen that connects to a private deck, and wood-look flooring; it has also been freshly painted. The lower unit includes a full kitchen, full bath, and enclosed front porch. A carport and shed provide additional on-site features.
The property is less than 1/2 mile from downtown Waterville and has public water and sewer. Zoning is CC.
The property is less than 1/2 mile from downtown Waterville and has public water and sewer. Zoning is CC.
Key Highlights
- Two residential units in an 880‑square‑foot building
- 0.07‑acre lot
- Upper unit has an exterior entrance, kitchen, and private deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,828
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$196,560
$196.6K
Cap Rate 7%
$140,400
$140.4K
Cap Rate 9%
$109,200
$109.2K
Market Conditions
NOI Build-Up for 880 SF
Gross rent
$14.3K $16.20/SF
− Vacancy
−$217 −$0.25/SF
EGI
$14.0K $15.95/SF
− OpEx
−$4.2K −$4.79/SF
NOI
$9.8K $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%
$196,560
Cap Rate 7%
$140,400
Cap Rate 9%
$109,200
Alternative Uses
Best Use
Multifamily LT 5
$140.4K
$122.9K – $163.8K
NOI $9,828 @ 7.0% cap · market cap 5.49%
Second Best
Apartment 5plus
$122.5K
$107.2K – $142.9K
NOI $8,573 @ 7.0% cap · market cap 4.79%
Theoretical Best
Warehouse
$1.31M
$1.15M – $1.53M
NOI $91,901 @ 7.0% cap · market cap 51.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
656
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Public water and sewer serve the property, which also includes a carport and storage shed.
Where is this duplex located?
The property is located at 12 Butler Court Waterville, ME.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: Two residential units in an 880‑square‑foot building; 0.07‑acre lot; Upper unit has an exterior entrance, kitchen, and private deck
