51 Western Avenue, Waterville, ME 04901
MULTI_FAMILY - Other - Waterville, ME
- Added:
- Jul 7, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 8 at 1:06 am
Property Features for 51 Western Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RB
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Basement
- Patio and Porch features
- Porch
- Interior features
- 1st Floor Bedroom, Bathtub, Shower
- Basement
- Dirt Floor, Full, Unfinished
- Standard status
- Active
- Size
- 1,732 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 25
- Tax Annual Amount
- 2714
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1910
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Wood
- Building materials
- Wood Frame, Aluminum Siding
- Roof type
- Metal
- Architectural style
- Other
Listing agent Kim Moxcey (207) 242-2674
Listing office Century 21 Nason Realty 11 Bay Street, Winslow, ME (207) 873-2119
Listing date Jul 7, 2026
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.
HighLights
- 2‑family home in a Waterville neighborhood with easy walk to downtown
- Year built 1910 with wood‑frame construction and aluminum siding
- Each unit has washer/dryer included in the sale
- Two natural gas boilers; tenants pay their own heat
- 1st‑floor unit offers 3 bedrooms and its own porch
- 2nd‑floor unit offers 2 bedrooms and a spacious layout; roof is metal
Overview
Located at 51 Western Avenue in Waterville, Maine, the property is positioned in a convenient Waterville neighborhood with an easy walk to downtown, based on the seller’s remarks. Zoning is listed as RB.
For buyers seeking a small residential income property, the configuration supports two separate living spaces and tenant-paid utilities, which can be attractive for owner-occupants and investors. The in-unit laundry convenience and the presence of separate boilers add practical everyday value, and the first-floor porch feature may appeal to households looking for more outdoor access at home. A 48-hour notice is preferred for showings.
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 | $28.1k | $16.20 |
| − Vacancy | −$426 | −$0.25 |
| EGI | $27.6k | $15.95 |
| − OpEx | −$8.3k | −$4.79 |
| NOI | $19.3k | $11.17 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Waterville
- County
- Kennebec
- State
- Maine
- Longitude
- -69.639339
- Latitude
- 44.548193
