Income-Generating Mixed-Use
36 Silver Street Waterville, ME 04901
For Sale
$495,000
Property is currently configured for income use and includes ample on-site parking and flexible office and residential space.
Property Size4,564 SF
Price / SF$108.46
Days on Market200
Property Features for 36 Silver Street
General Information
- Standard status
- Active
- Size
- 4,564 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1930
Listing Agency:
Coldwell Banker Plourde Real Estate
(207) 649-4276
Listed By:
Lisa McKenzie
(207) 649-4276
Source:
Compass
Added: Jan 5
Changed: Jul 21
Last Checked: Jul 23 at 6:53AM
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 Coldwell Banker Plourde Real Estate
Investment Insights
Based on property information with market context.
36 Silver Street is a commercial property configured to support income-producing use. The layout is functional and offers flexibility for residential rental, professional office use, or a mixed-use setup, with any intended use to be verified by the buyer.
The property is located just steps from Main Street and downtown Waterville, and within minutes of Colby College and major corridors, providing convenient access to services and destinations.
On-site parking is available, and the property is described as having potential for additional residential rental units. The offering is listed as commercial property #1650402.
The property is located just steps from Main Street and downtown Waterville, and within minutes of Colby College and major corridors, providing convenient access to services and destinations.
On-site parking is available, and the property is described as having potential for additional residential rental units. The offering is listed as commercial property #1650402.
Key Highlights
- Currently configured for income‑producing use with flexible space for residential rental, professional offices, or mixed‑use (buyer to verify).
- 3‑story property built in 1930 with central air conditioning and multiple heating types: zoned, radiant, hot water, direct vent furnace, and baseboard.
- Full, unfinished interior basement with concrete perimeter foundation details, providing additional usable storage/renovation space.
Financial Insights For Apartment 5plus
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 | $82.2k | $18.00 |
| − Vacancy | −$1.3k | −$0.29 |
| EGI | $80.8k | $17.71 |
| − OpEx | −$36.4k | −$7.97 |
| NOI | $44.5k | $9.74 |
4,564 SF · lease $18.00/SF/yr · vacancy 1.60% · expense 45.00%
Alternative Uses
Best Use
Office B
$921.7K
$806.5K – $1.08M
NOI $64,517 @ 7.0% cap · market cap 13.03%
Second Best
Apartment 5plus
$635.2K
$555.8K – $741.0K
NOI $44,461 @ 7.0% cap · market cap 8.98%
Theoretical Best
Warehouse
$6.81M
$5.96M – $7.94M
NOI $476,633 @ 7.0% cap · market cap 96.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Multifamily property - Property is currently configured for income use and includes ample on-site parking and flexible office and residential space.
Where is this multifamily property located?
The property is located at 36 Silver Street Waterville, ME.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Currently configured for income‑producing use with flexible space for residential rental, professional offices, or mixed‑use (buyer to verify).; 3‑story property built in 1930 with central air conditioning and multiple heating types: zoned, radiant, hot water, direct vent furnace, and baseboard.; Full, unfinished interior basement with concrete perimeter foundation details, providing additional usable storage/renovation space.
