Multifamily and Commercial
Waterville, ME 04901, Waterville, ME 04901
MULTI_FAMILY - Waterville, ME
Property size:
9,829 SFLot size:
0.89 AcresPrice / SF:
$193/SF- Added:
- Apr 22, 2026
- Days on Market:
- 28
- Last Refresh:
- May 19 at 11:06 am
Property Features
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- CA
- Bathrooms
- 22
- Rooms
- Bathroom 2, Bathroom 15, Bathroom 20, Bathroom 9, Bathroom 13, Bathroom 14, Bathroom 10, Bathroom 18, Bathroom 4, Bathroom 19, Bathroom 5, Bathroom 16, Bathroom 1, Bathroom 11, Bathroom 8, Bathroom 7, Bathroom 6, Bathroom 3, Bathroom 12, Bathroom 22, Bathroom 21, Basement, Bathroom 17
- Basement
- Unfinished, Walk-Out Access, Full
- Standard status
- Active
- Size
- 9,829 SF
- Lot size
- 0.89 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 14321
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Zoned
- Water source
- Public
Building Details
- Year built
- 1900
- Number of units
- 22
- Flooring type
- Vinyl, Wood, Carpet
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle, Flat, Metal
Listing agent Matthew Boulerice (207) 714-0435
Listing office New England Realty Group LLC 319 Main Street Suite 6, Scarborough, ME (207) 714-0435
Listing date Apr 22, 2026
MLS# 1658638
Listing URL
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.
HighLights
- Multifamily and commercial property featuring 22 apartment units, 2,000 sq ft of commercial warehouse space, and a laundromat with a long‑term lease.
- Located in Waterville's Opportunity Zone, offering potential tax benefits and investment incentives.
- Significant recent capital improvements, including new Rinnai heaters and a new roof on 88 Elm St.
- Renovated residential units.
- Separate heat and electric meters in place, allowing for potential transition to resident‑paid utilities.
- Large shared parking lot for residential and commercial tenants.
Overview
Located in Waterville, Maine, the property at 80 to 88 Elm Street presents a multifamily and commercial opportunity. It comprises three buildings with a total of 22 apartment units, approximately 2,000 square feet of commercial warehouse space, and a standalone laundromat with a long-term lease. Situated just off downtown Waterville and within Waterville's Opportunity Zone, the property offers multiple avenues for increasing income and long-term value. Significant capital improvements have been completed recently, including new separately metered natural gas Rinnai heaters in all 22 apartments, a new roof on 88 Elm St, new gas commercial hot water heaters, and renovations to approximately half of the residential units. Separate electrical meters are also in place. The property includes a large shared parking lot that supports the residential and commercial components. A TIF is in place and may be transferable with municipal approval and verification if the buyer assumes the current entity. The property, which totals 9,829 square feet on a 0.89-acre lot, may also be a strong candidate for bonus depreciation through a cost segregation study. Existing management is in place.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Storefront properties
Map
- City
- Waterville
- County
- Kennebec
- State
- Maine
- Longitude
- -69.632645
- Latitude
- 44.551991
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Multifamily and commercial property with 22 units and warehouse space.
Where is this apartment building located?
The property is located at Waterville, ME.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Multifamily and commercial property featuring 22 apartment units, 2,000 sq ft of commercial warehouse space, and a laundromat with a long‑term lease.; Located in Waterville's Opportunity Zone, offering potential tax benefits and investment incentives.; Significant recent capital improvements, including new Rinnai heaters and a new roof on 88 Elm St.
