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    Damariscotta, ME Residential Income 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

    View details
    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
    Pioneer Motel: Investment Opportunity Awaits
    $895,000
    9,962 SF
    Pioneer Motel: Investment Opportunity Awaits

    Turn-key hospitality venture on 5.75 acres along Route 1.

    400 US Route 1, 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

    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.

    Town-Approved Affordable Lot Parcels
    $335,000
    15.50 Acres
    Town-Approved Affordable Lot Parcels

    Three abutting, newly surveyed wooded parcels offer multiple building sites with convenient access to Midcoast amenities.

    Lewis Hill Road lot: 4,5,6, Newcastle, ME 04553

    View details
    Wooded Rural Buildable Lot
    $112,000
    5.34 Acres
    Wooded Rural Buildable Lot

    Newly surveyed rural lot with 250+ feet of road frontage and wooded setting near Route 1.

    Lewis Hill Road lot: #4, Newcastle, ME 04553

    View details
    Expansive Land in Mid-Coast Maine
    $650,000
    63.52 Acres
    Expansive Land in Mid-Coast Maine

    63+ acres in desirable Mid-Coast region, ideal for development.

    410, 452 Center Street, Nobleboro, ME 04555

    View details
    Wooded Acre Lot in Bristol
    $69,900
    1.04 Acres
    Wooded Acre Lot in Bristol

    One-acre wooded lot perfect for building a home.

    003-D Lakeview Drive, Bristol, ME 04539

    View details

    Damariscotta, ME Residential Income Properties Market Trends and Statistics

    Explore 2 residential income 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 residential income 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

    Multifamily properties 2
    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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