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Three-Unit Triplex with Deck
New
For Sale
$289,000

8 Water Street, Norway, ME 04268

Multi-Family, Norway, ME

Property Size1,232 SF
Lot Size0.25 Acres
Price / SF$234.58
Days on Market3

Property Features for 8 Water Street

General Information

Property type Residential Multi Family
Property subtype Other
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 3, Bathroom 1, Basement, Bathroom 2
Patio and Porch features Deck
Basement Full
Lot features Rolling/ Sloping, Intown, Near Public Beach, Near Shopping
Standard status Active
Size 1,232 SF
Lot size 0.25 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 2754

Utilities

Sewer type Public Sewer
Heating system Oil, Hot Water(Heating), Propane (Heating), Baseboard
Water source Public
Water front features Lake
Water front 1

Building Details

Floors in Building 2
Number of units 3
Flooring type Linoleum, Laminate, Carpet
Building materials Wood Frame, Vinyl Siding
Roof type Metal
Architectural style Other
Listing Agency: Maine Real Estate Experts
Listed By: Tiffany Pastore
Added: Sep 14 Changed: Sep 15 Last Checked: Sep 16 at 4:06AM
MLS# 1680443

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.

Investment Insights

Based on property information with market context.

This three-unit residential income property contains 1,232 square feet on a 0.25-acre lot. The wood-frame building features vinyl siding, a metal roof, a deck, and a basement. Interior finishes include linoleum, carpet, and laminate flooring. Heating systems include oil-fired hot water and baseboard heat, along with propane heating. Public water and public sewer serve the property.

Located at 8 Water Street in Norway, the property is described as being within walking distance of a hospital, shopping, and restaurants, with a public beach nearby. Exterior work completed in 2021 included vinyl siding and the deck. Local property management is already in place, and the property has a stated rental history.

Key Highlights

  • Three residential units in an in‑town Norway property
  • 1,232 square feet on a 0.25‑acre lot
  • Exterior renovations completed in 2021, including vinyl siding and deck

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 three-unit property with public utilities, a metal roof, and exterior improvements completed in 2021.
Where is this triplex located?
The property is located at 8 Water Street 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 residential units in an in‑town Norway property; 1,232 square feet on a 0.25‑acre lot; Exterior renovations completed in 2021, including vinyl siding and deck
More about this property
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