Side-by-Side Duplex with Private
New
For Sale
$349,900
14 Boothby St, Waterville, ME 04901
Two separate residences each include three bedrooms, a full bath, a basement, and attic storage.
Property Size2,672 SF
Price / SF$130.95
Days on Market2
Property Features for 14 Boothby St
General Information
Standard status
Active
Size
2,672 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1930
Tenancy
Multi
Listed By:
Crown Lakes Realty
(207) 436-8889
Source:
Crownlakesrealty
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 Crown Lakes Realty
Investment Insights
Based on property information with market context.
This side-by-side duplex contains two residences with 2,672 square feet of finished living area. Each unit has three bedrooms, one full bathroom, its own basement, and a private attic. The building dates to 1930 and has a metal roof, vinyl siding, and paved parking. The attic and basement spaces provide additional storage within each unit.
The property is in Waterville, near downtown, shopping, restaurants, colleges, hospitals, and I-95.
The property is in Waterville, near downtown, shopping, restaurants, colleges, hospitals, and I-95.
Key Highlights
- Two side‑by‑side units with 2,672 square feet of finished living area
- Each residence has 3 bedrooms and 1 full bathroom
- Separate basement and attic for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,840
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,800
$596.8K
Cap Rate 7%
$426,286
$426.3K
Cap Rate 9%
$331,556
$331.6K
Market Conditions
NOI Build-Up for 2,672 SF
Gross rent
$43.3K $16.20/SF
− Vacancy
−$658 −$0.25/SF
EGI
$42.6K $15.95/SF
− OpEx
−$12.8K −$4.79/SF
NOI
$29.8K $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%
$596,800
Cap Rate 7%
$426,286
Cap Rate 9%
$331,556
Alternative Uses
Best Use
Multifamily LT 5
$426.3K
$373.0K – $497.3K
NOI $29,840 @ 7.0% cap · market cap 8.53%
Second Best
Apartment 5plus
$371.9K
$325.4K – $433.8K
NOI $26,030 @ 7.0% cap · market cap 7.44%
Theoretical Best
Warehouse
$3.99M
$3.49M – $4.65M
NOI $279,046 @ 7.0% cap · market cap 79.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
989
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences each include three bedrooms, a full bath, a basement, and attic storage.
Where is this duplex located?
The property is located at 14 Boothby St Waterville, ME.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two side‑by‑side units with 2,672 square feet of finished living area; Each residence has 3 bedrooms and 1 full bathroom; Separate basement and attic for each unit
