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Renovated Three-Unit Triplex
New
For Sale
$289,000

8 Water St, Norway, ME 04268

In-town triplex with updated exterior elements and access to nearby community amenities.

Property Size1,232 SF
Price / SF$234.58
Days on Market3

Property Features for 8 Water St

General Information

Standard status Active
Size 1,232 SF
Property subtype Multi-Family

Additional Details

Multifamily Units 3
Listing Agency: Maine Real Estate Experts
Listed By: Tiffany Pastore
Source: Aroostookrealestate
Added: Sep 16 Changed: Sep 17 Last Checked: Sep 17 at 2:30AM

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 Maine Real Estate Experts

Investment Insights

Based on property information with market context.

This three-unit triplex at 8 Water St offers 1,232 square feet of residential space in an in-town setting. Exterior improvements completed in 2021 include vinyl siding and a deck. The property has an established rental history and may also suit an owner-occupant seeking a multi-unit residence.

Residents can walk to the hospital, shopping, and restaurants, while a public beach is located nearby. Local property management is already in place, supporting a straightforward transition for the next owner.

Key Highlights

  • Three‑unit triplex with 1,232 square feet
  • 2021 exterior renovations include vinyl siding and a deck
  • Established rental history

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Auto Parts Store Bakery Grocery & Convenience Store Furniture & Home Goods Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

285
Businesses Nearby

Demographics for 04268, ME

5,077
Population
2,869
Households
1.8
Avg Household Size
48
Median Age
23%
College-Educated
90%
High-School Grad
45.0 sq mi
ZIP Area
113
Density / Sq Mi
$53,162
Median Household Income
$35,897
Median Earnings
$758
Median Rent
$184,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - In-town triplex with updated exterior elements and access to nearby community amenities.
Where is this triplex located?
The property is located at 8 Water St Norway, ME.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Three‑unit triplex with 1,232 square feet; 2021 exterior renovations include vinyl siding and a deck; Established rental history
More about this property
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