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    Damariscotta, ME Multifamily Properties for Sale

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    Newcastle, ME Bristol, ME Nobleboro, ME
    Historic Mixed-Use Building with Waterfront Decks
    $1,050,000
    2,364 SF
    Historic Mixed-Use Building with Waterfront Decks

    11 Water Street, Damariscotta, ME 04543

    Four-unit mixed-use building with waterfront decks, updated mechanicals, and C-1 zoning for flexible operating options.
    • Historic building built in 1803, originally as a schoolhouse in Sheepscot Village, later relocated to riverfront Damariscotta in the 1950s
    • Renovated and updated in 2011 with improvements including electrical wiring and plumbing replacement, plus Airkrete insulation throughout exterior walls, roof, and between floors
    • 4 separate units: three 1‑bedroom apartments and one studio (includes a church office studio apartment)
    • Added dormer and two skylights during 2011 renovation to convert an unfinished attic into a bright one‑bedroom apartment
    • Comfort systems include mini‑split heat pumps in all units and cooling via heat pump
    Updated: Jun 5
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    Mixed-Use Building with Four Units
    $1,050,000
    2,364 SF
    Mixed-Use Building with Four Units

    11 Water Street, Damariscotta, ME 4543

    Four upgraded rental units with waterfront decks, positioned for restaurant and mixed-use flexibility in downtown Damariscotta.
    • Four separate rental units: three 1‑bedroom apartments and one studio in a building originally built as a schoolhouse in 1803
    • 2011 renovation for restaurant use, including dormer and two skylights to create a bright 1‑bedroom apartment and converting the church office to a studio apartment
    • Two expansive waterfront decks plus all electrical wiring and plumbing replaced during the renovations
    • Upgrades include Airkrete insulation (exterior walls, roof, and between floors), mini‑split heat pumps in all units, and a full sprinkler system
    • New roof, fascia boards, and gutters; adjacent to a large public parking lot in downtown Damariscotta
    Updated: Jun 10
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    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Damariscotta, ME, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Three-Unit Residential Property with Fireplace
    $550,000
    3,208 SF
    Three-Unit Residential Property with Fireplace

    Three residential units with separate metering and in-unit laundry hookups, convenient just off Route 1.

    7 Cross Road, Edgecomb, ME 04556

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    Renovated Mixed-Use Property, Bristol, ME
    $725,000
    2,700 SF
    Renovated Mixed-Use Property, Bristol, ME

    Fully renovated mixed-use property on 5.1 acres in Bristol, ME.

    710 Bristol Road, Bristol, ME 04539

    View details
    Waterfront Efficiencies at Sheepscot Resort
    $345,000
    891 SF
    Waterfront Efficiencies at Sheepscot Resort

    Two waterfront efficiencies at Sheepscot Harbour Village & Resort.

    306 Eddy Road, Edgecomb, ME 04556

    View details
    Mixed-Use Property with Garage Workshop
    $725,000
    2,700 SF
    Mixed-Use Property with Garage Workshop

    Fully renovated two-unit living space over a large garage/workshop with independent utility systems and durable finishes.

    710 Bristol Road, Bristol, ME 4539

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Augusta Land For Sale
    $99,000
    14.63 Acres
    Augusta Land For Sale

    14.63 acre lot in Augusta's Rural Village Zoning.

    Map 15 Lot 6C Spring Road, Augusta, ME 04330

    View details
    Augusta Buildable Lot For Sale
    $49,900
    0.36 Acres
    Augusta Buildable Lot For Sale

    0.36 acre lot with public utilities, mobile homes allowed.

    214 Mount Vernon Avenue, Augusta, ME 04330

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    Commercial Land Parcel with Route Frontage
    $69,000
    6.20 Acres
    Commercial Land Parcel with Route Frontage

    6.2-acre commercial parcel on Route 3 with shared driveway, suited for homes, lots, or business development.

    2680 Route 3, Palermo, ME 04354

    View details
    Residential Land in Rural Setting
    $69,000
    307,098.00 Acres
    Residential Land in Rural Setting

    7.05-acre lot in Leeds, Maine, ready for home plans.

    Lot 26C Jennings Road, Leeds, ME 04263

    View details

    Damariscotta, ME Multifamily Properties Market Trends and Statistics

    Explore 2 multifamily properties for sale in Damariscotta, ME on our real estate platform. These investment opportunities span a total of 4,728 square feet of properties for sale, with an estimated market value of $2,100,000.

    Sale prices for multifamily properties in Damariscotta, ME start at $1,050,000, averaging $1,050,000, and reaching up to $1,050,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Quadplexes 2
    Short term rental properties 2

    Demographics Overview

    Population 2,249
    Population Growth (5Y) +10.9%
    Median Household Income $59,659
    College Educated 58.8%

    High-Yield Neighborhoods for Investment

    Identify Damariscotta submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    04543 $1.1M

    Taxes & Financing

    Tax Rate (average for all types) 1.66%
    Property Tax per SF $31.33 per SF
    Tax Rate vs County Average 0.39 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lincoln County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Lincoln County

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