Two-Unit Residential Income
63 Summer Street Waterville, ME 04901
For Sale
$275,000
Fully rented two-unit duplex with each unit offering two bedrooms, one bath, laundry, and parking.
Property Size1,838 SF
Price / SF$149.62
Days on Market156
Property Features for 63 Summer Street
General Information
- Standard status
- Active
- Size
- 1,838 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1910
Listing Agency:
Coldwell Banker Plourde Real Estate
(207) 446-4783
Listed By:
Tina Clifford
(207) 446-4783
Source:
Compass
Added: Feb 18
Changed: Jul 22
Last Checked: Jul 23 at 10:36AM
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.
This two-unit duplex is offered as a residential income property and is fully rented. Each unit features two bedrooms, one bathroom, and in-unit laundry, supported by plenty of parking for residents.
The property is located just minutes from I-95 for commuting and is within walking distance to downtown Waterville for shopping, restaurants, and entertainment.
With a two-unit configuration and separate unit amenities including laundry, the layout is designed for straightforward resident use and day-to-day occupancy.
The property is located just minutes from I-95 for commuting and is within walking distance to downtown Waterville for shopping, restaurants, and entertainment.
With a two-unit configuration and separate unit amenities including laundry, the layout is designed for straightforward resident use and day-to-day occupancy.
Key Highlights
- Fully rented two‑unit duplex
- Each unit offers 2 bedrooms, 1 bath, and laundry
- Separate parking is available for the property
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 | $29.8k | $16.20 |
| − Vacancy | −$453 | −$0.25 |
| EGI | $29.3k | $15.95 |
| − OpEx | −$8.8k | −$4.79 |
| NOI | $20.5k | $11.17 |
1,838 SF · lease $16.20/SF/yr · vacancy 1.52% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$293.2K
$256.6K – $342.1K
NOI $20,526 @ 7.0% cap · market cap 7.46%
Second Best
Apartment 5plus
$255.8K
$223.8K – $298.4K
NOI $17,905 @ 7.0% cap · market cap 6.51%
Theoretical Best
Warehouse
$2.74M
$2.40M – $3.20M
NOI $191,948 @ 7.0% cap · market cap 69.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Blacktreeblueraven
Alternative Medicine Practice
FAQs
What type of property is this?
Duplex - Fully rented two-unit duplex with each unit offering two bedrooms, one bath, laundry, and parking.
Where is this duplex located?
The property is located at 63 Summer Street Waterville, ME.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Fully rented two‑unit duplex; Each unit offers 2 bedrooms, 1 bath, and laundry; Separate parking is available for the property
