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    Damariscotta, ME
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    Damariscotta, ME Multifamily Properties for Sale

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    Quadplex Building with Waterfront Decks
    Updated: Jul 14
    Quadplex Building with Waterfront Decks

    11 Water Street, Damariscotta, ME 04543

    $995,000
    2,364 sqft 0.22 AC lot
    Four separate units: three one‑bedroom apartments and one studio
    Built in 1803 and relocated to the riverfront in the 1950s
    2011 renovation for restaurant use; dormer and two skylights added
    Two expansive waterfront decks plus replacement of all electrical wiring and plumbing
    Airkrete insulation throughout exterior walls, roof, and between floors; mini‑split heat pumps in all units
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    Mixed-Use Building with Four Units
    Updated: Jun 10
    Mixed-Use Building with Four Units

    11 Water Street, Damariscotta, ME 04543

    Contact for pricing
    2,364 sqft
    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
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    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.

    Fully Renovated Duplex with Workshop
    Fully Renovated Duplex with Workshop

    710 Bristol Road, Bristol, ME 04539

    $725,000
    2,700 sqft 5.10 AC lot

    Two one-bedroom apartments above a large garage/workshop with separately metered utilities.

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    Mixed-Use Property With Barn
    Mixed-Use Property With Barn

    17 Dodge Road, Edgecomb, ME 04556

    $1,800,000
    20,979 sqft 10.00 AC lot

    Apartment income and a powered multi-level barn create a flexible live-work configuration in Edgecomb.

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    Renovated Barn with Three Apartments
    Renovated Barn with Three Apartments

    17 Dodge Road, Edgecomb, ME 04556

    $1,895,000
    17,756 sqft 10.00 AC lot

    Oversized renovated barn plus three-apartment residence on a corner lot with two entrances.

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    Mixed-Use Property with Garage Workshop
    Mixed-Use Property with Garage Workshop

    710 Bristol Road, Bristol, ME 04539

    Contact for pricing
    2,700 sqft 5.10 AC lot

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

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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
    Augusta Land For Sale

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

    $99,000
    14.63 AC lot

    14.63 acre lot in Augusta's Rural Village Zoning.

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    Augusta Buildable Lot For Sale
    Augusta Buildable Lot For Sale

    214 Mount Vernon Avenue, Augusta, ME 04330

    $49,900
    0.36 AC lot

    0.36 acre lot with public utilities, mobile homes allowed.

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    Commercial Land Parcel with Route Frontage
    Commercial Land Parcel with Route Frontage

    2680 Route 3, Palermo, ME 04354

    $69,000
    6.20 AC lot

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

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    Wooded Land in Gorham, Maine
    Wooded Land in Gorham, Maine

    30 Boreal Drive, Gorham, ME 04038

    $425,000
    5.46 AC lot

    5+ acre wooded parcel near Gorham's downtown.

    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 $995,000.

    Sale prices for multifamily properties in Damariscotta, ME average $995,000 — 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 $995K

    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)

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