Value-Add Multifamily
For Sale
Contact for pricing
Pending
19 Western Ave, Waterville, ME 04901
Multifamily asset with updated electrical systems, natural gas service, and recent roof improvements underway and completed.
Property Size4,172 SF
Days on Market188
Property Features for 19 Western Ave
General Information
Standard status
Pending
Size
4,172 SF
Property subtype
Multifamily
Zoning
RD
Investment Type
Value Add
Additional Details
Opportunity Zone
Yes
Multifamily Units
4
Building Details
Year Built
1914
Stories
3
Units
4
Listing Agency:
New England Realty Group LLC
Listed By:
Matthew Boulerice · License #DB922634
(207) 289-2336
Source:
Crexi
Added: Mar 4
Changed: Aug 8
Last Checked: Jul 26 at 3:10PM
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 New England Realty Group LLC
Investment Insights
Based on property information with market context.
19 Western Ave in Waterville presents a value-add opportunity as a multifamily property. Major improvements are already underway, including most new electrical, new electrical service, a 5 meter pack for separated electricity, and natural gas brought to the property. The shingle roof is estimated to have been redone within the past 5 to 8 years, and the rubber roof was redone in 2025.
The property is located in Waterville’s Opportunity Zone and is described as being conveniently near downtown, Colby College, and Thomas College.
With key infrastructure upgrades in progress or completed, this offering may fit investors seeking to continue the renovation and reposition the asset in place.
The property is located in Waterville’s Opportunity Zone and is described as being conveniently near downtown, Colby College, and Thomas College.
With key infrastructure upgrades in progress or completed, this offering may fit investors seeking to continue the renovation and reposition the asset in place.
Key Highlights
- Multifamily property built in 1914 at 19 Western Avenue in Waterville’s Opportunity Zone
- Major electrical improvements underway, including new electrical and new electrical service
- 5 meter pack installed for separated electricity
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily asset with updated electrical systems, natural gas service, and recent roof improvements underway and completed.
Where is this multifamily property located?
The property is located at 19 Western Ave Waterville, ME.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Multifamily property built in 1914 at 19 Western Avenue in Waterville’s Opportunity Zone; Major electrical improvements underway, including new electrical and new electrical service; 5 meter pack installed for separated electricity
