4 Pare St Waterville, ME 04901
Income-producing duplex with recent updates, convenient location, and owner-occupancy potential.
Property Features for 4 Pare St
General Information
- Standard status
- Active
- Size
- 1,704 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1900
Listing office Real Broker
Listing date May 25, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- Vacant Upon Sale: Ideal for owner‑occupant to choose their own tenant and offset mortgage.
- Income‑Producing 2‑Unit Property: Opportunity for rental income.
- Each Unit Features 3 Bedrooms: Spacious and practical living arrangements.
Local Financial Insights For Multifamily LT 5
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 | $27.6k | $16.20 |
| − Vacancy | −$420 | −$0.25 |
| EGI | $27.2k | $15.95 |
| − OpEx | −$8.2k | −$4.79 |
| NOI | $19.0k | $11.17 |
