Quadplex with Two Retail
For Sale
$1,300,000
145-147 Main Street, Waterville, ME 04901
MULTI_FAMILY - Waterville, ME
Property Size9,854 SF
Lot Size0.06 Acres
Price / SF$131.93
Days on Market27
Property Features for 145-147 Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
CA
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 2, Bathroom 4, Bathroom 1, Bathroom 5, Bathroom 3, Basement
Parking features
Other, On Street
Interior features
Other Amenities
Basement
Walk-Out Access, Full
Lot features
Other Site, Other Location, Level, Sidewalks, Intown, Near Shopping, Near Turnpike/ Interstate, Near Town, Near Public Transit
Standard status
Active
Size
9,854 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
25
Tax Annual Amount
5994
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas, Electric (Heating), Hot Water(Heating), Heat Pump (Heating)
Cooling system
Central Air, Heat Pump
Water source
Public
Building Details
Year built
1870
Floors in Building
2
Number of units
4
Flooring type
Concrete
Building materials
Masonry, Brick, Glass, Other Exterior
Roof type
Membrane
Additional Structures
Other
Listing Agency:
Berkshire Hathaway HomeServices Northeast Real Estate · Prudential Real Estate
(207) 942-8261
Listed By:
Elisha Hardy · License #BR915418
(207) 314-2574
Added: Jul 11
Changed: Aug 1
Last Checked: Aug 6 at 4:06AM
MLS# 1646269
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 quadplex-style mixed-use property at 145-147 Main Street features six income-producing units under one roof: four residential apartments and two street-level commercial rental spaces. The residential mix includes two 1-bedroom apartments, one 3-bedroom apartment, and a spacious 2-bedroom owner’s unit that overlooks Main Street. The owner’s unit can remain owner-occupied or be converted into an additional rental.
The street-level commercial spaces are occupied by Waterville House of Pizza and Soul Revival. The building is constructed with masonry/brick and includes concrete flooring. Heating options include forced air, natural gas, electric heating, hot water heating, and heat pump; cooling includes central air and a heat pump. The property has public water and public sewer, and the roof is listed as membrane.
Additional details include a lot size of 0.06 acres, property size of 9,854 square feet, on-street parking, and a year built of 1870.
The street-level commercial spaces are occupied by Waterville House of Pizza and Soul Revival. The building is constructed with masonry/brick and includes concrete flooring. Heating options include forced air, natural gas, electric heating, hot water heating, and heat pump; cooling includes central air and a heat pump. The property has public water and public sewer, and the roof is listed as membrane.
Additional details include a lot size of 0.06 acres, property size of 9,854 square feet, on-street parking, and a year built of 1870.
Key Highlights
- 0.06‑acre lot with 9,854 SF mixed‑use building
- Four residential apartments plus two street‑level commercial rental spaces
- Residential mix: two 1‑bedroom units, one 3‑bedroom, one 2‑bedroom owner’s unit
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
Multifamily LT 5
$1.57M
$1.38M – $1.83M
NOI $110,046 @ 7.0% cap · market cap 8.47%
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
Property Profile
Current Use
Lease Details
Yes
Paved road access
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Mixed-use quadplex in zoning CA with two street-level commercial rental spaces and six total income-producing units.
Where is this quadplex 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: 0.06‑acre lot with 9,854 SF mixed‑use building; Four residential apartments plus two street‑level commercial rental spaces; Residential mix: two 1‑bedroom units, one 3‑bedroom, one 2‑bedroom owner’s unit
