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    Historic Mixed-Use Building with Apartments
    Updated: Jul 14
    Historic Mixed-Use Building with Apartments

    11 Water Street, Damariscotta, ME 04543

    $995,000
    2,364 sqft 0.22 AC lot
    Built in 1803 as the schoolhouse in Sheepscot Village, Maine; relocated to Damariscotta riverfront in the 1950s
    Currently configured as 4 separate units: three 1‑bedroom apartments and one studio
    Extensive renovation and updates in 2011 for restaurant Savory Maine, including dormer and two skylights to create a bright 1‑bedroom apartment
    Upgrades include replaced electrical wiring and plumbing, Airkrete insulation (exterior walls, roof, and between floors), and mini‑split heat pumps in all units
    Heating and cooling include electric/baseboard heat and heat pump HVAC with a heat pump cooling system
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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

    $1,050,000
    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 Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Damariscotta, ME, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Multi-Unit Residential Income Property
    Multi-Unit Residential Income Property

    147-151 Dirigo Road, China, ME 04358

    $849,900
    2,806 sqft 6.00 AC lot

    Four rental units are set on one property in China, Maine, including a ranch home with attached two-car garage.

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    Multi-Unit Income Compound
    Multi-Unit Income Compound

    147-151 Dirigo Road, China, ME 04358

    $849,900
    2,806 sqft

    Four income-producing units sit on one compound, including a ranch home, a garage apartment above, and a separate two-unit building.

    View details
    Furnished Fourplex Residential Income
    Furnished Fourplex Residential Income

    226 Washington Street, Bath, ME 04530

    $1,200,000
    2,250 sqft 0.26 AC lot

    Fully furnished fourplex with a mix of one- and two-bedroom units plus on-site off-street parking.

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    Waterfront Mixed-Use Building
    Waterfront Mixed-Use Building

    99 Commercial Street, Bath, ME 04530

    $1,899,000
    11,683 sqft

    Mixed-use building with condo-style apartments and retail, restaurant, and office space, situated waterfront on the Kennebec River.

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    Damariscotta, ME Quadplexes Market Trends and Statistics

    Explore 2 quadplexes 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 $2,045,000.

    Sale prices for four-unit buildings in Damariscotta, ME start at $995,000, averaging $1,022,500, 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 $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)

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