Two-Unit Duplex with In-Law
For Sale
$325,000
6 High Street, Waterville, ME 04901
Multi-Family, Waterville, ME
Property Size1,815 SF
Lot Size0.20 Acres
Price / SF$179.06
Days on Market114
Property Features for 6 High Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RB
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Basement, Bathroom 1
Patio and Porch features
Porch
Pets allowed
No
Interior features
In-Law Apartment, 1st Floor Bedroom, Attic, Bathtub, Shower
Fencing
Fenced
Basement
Walk-Out Access, Unfinished, Full
Lot features
Sidewalks, Intown, Near Town
Standard status
Active
Size
1,815 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3218
Utilities
Sewer type
Public Sewer
Heating system
Propane (Heating), Electric (Heating), Other (Heating), Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
1900
Number of units
2
Flooring type
Vinyl, Carpet, Wood
Building materials
Wood Frame, Asbestos, Vinyl Siding
Roof type
Shingle, Metal
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Francois Rodrigue
(207) 873-9013
Added: Jul 7
Changed: Oct 27
Last Checked: Oct 28 at 12:06AM
MLS# 1664860
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.
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Investment Insights
Based on property information with market context.
This two-unit duplex provides 1,815 square feet of residential space on a 0.2-acre lot in Waterville. The property includes an in-law apartment, first-floor bedroom, two bathrooms, attic, basement, porch, and fenced outdoor area. Wood, vinyl, and carpet flooring are complemented by wood-frame construction with vinyl siding, shingle and metal roofing, and heat-pump cooling. Heating sources include propane, electric, and heat-pump systems.
Built in 1900 and zoned RB, the property is served by public water and public sewer. Its High Street location places the residence near shopping, restaurants, schools, and other local amenities. The separate living arrangement supports flexible use for a homeowner, guests, or rental occupancy.
Built in 1900 and zoned RB, the property is served by public water and public sewer. Its High Street location places the residence near shopping, restaurants, schools, and other local amenities. The separate living arrangement supports flexible use for a homeowner, guests, or rental occupancy.
Key Highlights
- Two‑unit duplex with an in‑law apartment
- 1,815 square feet on a 0.2‑acre lot
- RB zoning with public water and public sewer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,269
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,380
$405.4K
Cap Rate 7%
$289,557
$289.6K
Cap Rate 9%
$225,211
$225.2K
Market Conditions
NOI Build-Up for 1,815 SF
Gross rent
$29.4K $16.20/SF
− Vacancy
−$447 −$0.25/SF
EGI
$29.0K $15.95/SF
− OpEx
−$8.7K −$4.79/SF
NOI
$20.3K $11.17/SF
Area
Kennebec County, ME
Vacancy
1.52%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,380
Cap Rate 7%
$289,557
Cap Rate 9%
$225,211
Alternative Uses
Best Use
Multifamily LT 5
$289.6K
$253.4K – $337.8K
NOI $20,269 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$252.6K
$221.0K – $294.7K
NOI $17,681 @ 7.0% cap · market cap 5.44%
Theoretical Best
Warehouse
$2.71M
$2.37M – $3.16M
NOI $189,546 @ 7.0% cap · market cap 58.32%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
412
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate living quarters offer flexibility for rental use, household privacy, or additional guest accommodation.
Where is this duplex located?
The property is located at 6 High Street Waterville, ME.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two‑unit duplex with an in‑law apartment; 1,815 square feet on a 0.2‑acre lot; RB zoning with public water and public sewer
