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    Updated Multi-Family Investment Property Title is generated by Realmo AI

    83 Pleasant Street, Waterville, ME 04901

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    For Sale
    $380,000

    Updated multi-family property near schools, parks, and Colby College.

    Type:Multi-Family
    Property size:
    2,796 SF
    Price / SF:
    $135/SF
    Added:
    Jan 19, 2026
    Days on Market:
    133
    Last Refresh:
    Mar 17 at 6:25 am

    Property Features for 83 Pleasant Street

    General Information

    Standard status
    Active
    Size
    2,796 SF
    Property subtype
    Multi-Family

    Building Details

    Year Built
    1850

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    Listing Contact
    Hiedi Laliberte

    Listing agent Hiedi Laliberte

    Listing office Your Home Sold Guaranteed Realty

    Listing date Jan 19, 2026

    Source Compass

    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

    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.
    • Updated kitchens and bathrooms in each unit.
    • Benefit from two garages and ample dedicated parking.
    • Large backyard.

    Overview

    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.

    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 (±1% cap)
    NOI $31,225 @ 7.0% cap · market cap 8.22%
    Second Best
    Apartment 5plus
    $389.1K
    $340.5K – $454.0K (±1% cap)
    NOI $27,238 @ 7.0% cap · market cap 7.17%
    Theoretical Best
    Warehouse
    $4.17M
    $3.65M – $4.87M (±1% cap)
    NOI $291,995 @ 7.0% cap · market cap 76.84%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Peter Pavia Gun ... Gun Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waterville
    County
    Kennebec
    State
    Maine
    Longitude
    -69.6335664
    Latitude
    44.5541163

    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 $380,000.
    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.
    More about this property
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