19 Western Ave Waterville, ME 04901

Building Details

Year Built

1914

Listing agency New England Realty Group LLC m***@nergmaine.com Show Phone

Listed by Matthew Boulerice · License #DB922634

Source Crexi

Added: Mar 4 Updated: Jul 20 at 10:22PM Checked: Jul 22 at 9:27AM

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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.

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

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FAQs

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