Updated Multi-Family Investment
83 Pleasant Street Waterville, ME 04901
83 Pleasant Street, Waterville, ME, 04901
$360,000
For Sale
$360,000
Updated multi-family property near schools, parks, and Colby College.
Property Size2,796 SF
Price / SF$128.76
Days on Market122
Property Features for 83 Pleasant Street
General Information
- Standard status
- Active
- Size
- 2,796 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1850
Listing Agency
Your Home Sold Guaranteed Realty
(207) 629-9211
Listed by
Hiedi Laliberte
(207) 629-9211
Source
Compass
Added: Mar 17 Checked: Jul 16 at 6:10 am
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 Your Home Sold Guaranteed Realty
Investment Insights
Based on property information with market context.
This updated multi-family property is located within walking distance of local schools, parks, shopping, restaurants, and Colby College. The building features a total of 7 bedrooms and 4 bathrooms, with approximately 2,796 square feet of living space. Each unit includes updated kitchens and bathrooms, dedicated dining rooms, comfortable living rooms, hardwood floors, enclosed porches, and laundry hookups. The property includes two garages, a large backyard, and ample dedicated parking for tenants. This property offers location, updates, and functionality.
Key Highlights
- Prime location: Walking distance to schools, parks, shopping, restaurants, and Colby College.
- Updated 2‑unit multi‑family with strong income potential.
- Spacious layout featuring 7 bedrooms and 4 bathrooms across approximately 2,800 sq ft.
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 | $45.3k | $16.20 |
| − Vacancy | −$688 | −$0.25 |
| EGI | $44.6k | $15.95 |
| − OpEx | −$13.4k | −$4.79 |
| NOI | $31.2k | $11.17 |
2,796 SF · lease $16.20/SF/yr · vacancy 1.52% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$446.1K
$390.3K – $520.4K
NOI $31,225 @ 7.0% cap · market cap 8.67%
Second Best
Apartment 5plus
$389.1K
$340.5K – $454.0K
NOI $27,238 @ 7.0% cap · market cap 7.57%
Theoretical Best
Warehouse
$4.17M
$3.65M – $4.87M
NOI $291,995 @ 7.0% cap · market cap 81.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Peter Pavia Gun ...
Gun Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Updated multi-family property near schools, parks, and Colby College.
Where is this duplex located?
The property is located at 83 Pleasant Street Waterville, ME.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Prime location: Walking distance to schools, parks, shopping, restaurants, and Colby College.; Updated 2‑unit multi‑family with strong income potential.; Spacious layout featuring 7 bedrooms and 4 bathrooms across approximately 2,800 sq ft.
