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    Damariscotta, ME
    Multifamily

    Damariscotta, ME Multifamily Properties for Sale

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    Newcastle, ME Bristol, ME Bremen, ME Edgecomb, ME Nobleboro, ME Alna, ME Waldoboro, ME Jefferson, ME
    Waterfront Quadplex
    Updated: Jul 14
    Waterfront Quadplex

    11 Water Street, Damariscotta, ME 04543

    $995,000
    2,364 sqft 0.22 AC lot
    Four residential rental units in a 2,364‑square‑foot building
    Approximately 70 feet of frontage on the Damariscotta River
    C‑1 commercial zoning in downtown Damariscotta
    Constructed in 1803 with retained architectural character
    Recent electrical, plumbing, insulation, heat pump, roofing, gutter, and sprinkler improvements
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    Mixed-Use Building with Four Units
    Updated: Jun 16
    Mixed-Use Building with Four Units

    11 Water St, Damariscotta, ME 04543

    $995,000
    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 7 Potential Opportunities for your consideration. Besides 2 Active listings in Damariscotta, ME, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 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.

    Renovated Mixed-Use Property
    Renovated Mixed-Use Property

    710 Bristol Road, Bristol, ME 04539

    $725,000
    2,700 sqft 5.10 AC lot

    Two residential apartments sit above a versatile garage and workshop with independent building systems.

    View details
    Renovated Mixed-Use Property with Workshop
    Renovated Mixed-Use Property with Workshop

    710 Bristol Rd, Bristol, ME 04539

    $725,000
    2,700 sqft 5.10 AC lot

    Two one-bedroom apartments sit above a high-ceiling garage/workshop with separate building systems.

    View details
    Renovated Barn Mixed-Use Property
    Renovated Barn Mixed-Use Property

    17 Dodge Road, Edgecomb, ME 04556

    $1,700,000
    20,979 sqft 10.00 AC lot

    Includes a renovated barn, three apartments, and two entrances supporting varied commercial and residential uses.

    View details
    Waterfront Short-Term Rental Efficiencies
    Waterfront Short-Term Rental Efficiencies

    306 Eddy Road, Edgecomb, ME 04556

    $335,000
    891 sqft

    Two furnished efficiency units offer private balconies, river views, and shared waterfront and dock access.

    View details

    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 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.

    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 $1,990,000.

    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 1

    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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