Downtown Mixed-Use
For Sale
$1,300,000
145-147 Main Street, Waterville, ME 04901
Four apartments and two street-level commercial spaces create a diversified mixed-use configuration.
Property Size9,854 SF
Price / SF$131.93
Days on Market35
Property Features for 145-147 Main Street
General Information
Standard status
Active
Size
9,854 SF
Property subtype
Multi-family
Units
Unit Mix
2 x 1BR, 1 x 3BR, 1 x 2BR
Multifamily Units
4
Building Details
Year Built
1870
Buildings
1
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeServices Northeast Real Estate
Listed By:
Elisha Hardy
(603) 866-2942
Source:
Profoundrealestate
Added: Jul 3
Changed: Jul 31
Last Checked: Aug 6 at 3:45AM
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 Berkshire Hathaway HomeServices Northeast Real Estate
Investment Insights
Based on property information with market context.
Located at 145-147 Main Street in downtown Waterville, this 9,854-square-foot mixed-use property was built in 1870 and combines four residential apartments with two street-level commercial spaces. The residential mix includes two one-bedroom apartments, one three-bedroom apartment, and a two-bedroom owner’s unit overlooking Main Street. The owner’s unit can remain owner-occupied or be converted to an additional rental unit.
The commercial spaces are occupied by Waterville House of Pizza and Soul Revival. The property is near Colby College, downtown shopping, restaurants, healthcare, and major transportation routes, with the commercial spaces positioned along Main Street.
The commercial spaces are occupied by Waterville House of Pizza and Soul Revival. The property is near Colby College, downtown shopping, restaurants, healthcare, and major transportation routes, with the commercial spaces positioned along Main Street.
Key Highlights
- 9,854‑square‑foot mixed‑use property built in 1870
- Four residential apartments: two 1‑bedroom, one 3‑bedroom, and one 2‑bedroom owner’s unit
- Two street‑level commercial spaces occupied by Waterville House of Pizza and Soul Revival
Financial Insights For Specialty Retail
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 | $177.4k | $18.00 |
| − Vacancy | −$30.2k | −$3.06 |
| EGI | $147.2k | $14.94 |
| − OpEx | −$36.8k | −$3.74 |
| NOI | $110.4k | $11.21 |
9,854 SF · lease $18.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.58M
$1.38M – $1.84M
NOI $110,414 @ 7.0% cap · market cap 8.49%
Second Best
Mixed Use
$1.45M
$1.27M – $1.69M
NOI $101,656 @ 7.0% cap · market cap 7.82%
Theoretical Best
Warehouse
$14.70M
$12.86M – $17.15M
NOI $1,029,085 @ 7.0% cap · market cap 79.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
561
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four apartments and two street-level commercial spaces create a diversified mixed-use configuration.
Where is this mixed-use property located?
The property is located at 145-147 Main Street Waterville, ME.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 9,854‑square‑foot mixed‑use property built in 1870; Four residential apartments: two 1‑bedroom, one 3‑bedroom, and one 2‑bedroom owner’s unit; Two street‑level commercial spaces occupied by Waterville House of Pizza and Soul Revival
