, Waterville, ME 04901 (MLS# 1658638)

Waterville, ME 04901

New Listing

$1,900,000

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Property Type: Multi-Family Baths: 22 Square Footage: 9,829 Lot Size (sq. ft.): 38,768 Status: Active

Current Price: $1,900,000 List Date: 4/21/2026 Last Modified: 4/22/2026

Overview

Description

80 to 88 Elm Street in Waterville offers an outstanding multifamily and commercial opportunity with scale. The property includes three buildings totaling 22 apartment units, plus approximately 2,000 square feet of commercial warehouse space, and a standalone laundromat with a long term lease in place. Located just off downtown Waterville and within Waterville's Opportunity Zone, this asset provides multiple paths to increase income and long term value. Significant recent capital improvements have already been completed, including new separately metered natural gas Rinnai heaters in all 22 apartments, a new roof on 88 Elm St, new gas commercial hot water heaters, and approximately half of the residential units have been recently renovated. Separate electrical meters are also in place. With separate heat and electric metering, a buyer may be able to transition the apartments toward resident paid utilities over time, improving expense control and net operating income. A large shared p ... (Read more)

Listing Details MLS# 1658638

Location Information

County: Kennebec
Town: Waterville
State/Province: ME
Zip Code: 04901
Leased Land: No
Book: 15269
Page: 151
Map: 48
Lot: 249
Zoning: CA
Zoning Overlay: Unknown
Association: No
Full Tax Amount $: 14321
Tax Year: 2025
Tree Growth Y/N: No

Contract Information

Original List Price: 1900000

Property Information

Surveyed: Unknown
Seasonal: No
Number of Units: 22
Total Baths: 22
Total Full Baths: 22
Year Built: 1900
SqFt Finished Above Grade: 9829
SqFt Finished Total: 9829
SqFt Source: Public Records
Garage: No
Lot Size Acres +/-: 0.89
Source of Acreage: Public Records
Total Half Baths: 0
SqFt Finished Below Grade: 0

Water Info

Water Frontage: No
Water View: No

Units

# of 1 BD Units: 22

Unit 1

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 900
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

More Information

Unit 2

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 900
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 3

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 900
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 4

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 900
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Water: Yes
Sewer: Yes

Unit 5

Lease: No
Level: Second
Security Deposit: No
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Monthly Rent: 0

Unit 6

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 900
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: Yes
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 7

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 700
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: Yes
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 8

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 800
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: Yes
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 9

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 850
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: Yes
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 10

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 860
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 11

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 930
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 12

Lease: No
Level: Second
Security Deposit: No
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Monthly Rent: 0

Unit 13

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 1100
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 14

Lease: Yes
Level: Third
Security Deposit: Yes
Monthly Rent: 760
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: Yes
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 15

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1000
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 16

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 991
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 17

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 900
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 18

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 991
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: Yes
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 19

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 1000
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 20

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 1000
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 21

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 1075
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: Yes
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 22

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 834
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Utilities

Utilities On: Yes

Site

Level: Yes
Open: Yes

Location

Intown: Yes
Near Shopping: Yes

Roads

Paved: Yes

Style

Other: Yes

Construction

Wood Frame: Yes

Basement

Full: Yes
Unfinished: Yes
Walk-Out Access: Yes

Exterior

Vinyl Siding: Yes

Roof

Flat: Yes
Metal: Yes
Shingle: Yes

Heat System

Direct Vent Heater: Yes
Zoned: Yes

Heat Fuel

Gas Natural: Yes

Income & Expenses

Gross Income: 270984
Operating Expenses: 88875

Cooling

None: Yes

Floors

Carpet: Yes
Luxury Vinyl: Yes
Vinyl: Yes
Wood: Yes

Parking

21+ Spaces: Yes

Electric

Circuit Breakers: Yes
Fuses: Yes
Other Electric: Yes

Gas

Natural - On Site: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

Driveway

Common: Yes
Paved: Yes

Basement Entry

Exterior Only: Yes
Interior: Yes

Water Heater

Gas: Yes

Vehicle Storage

No Vehicle Storage: Yes

Property Features

Site: Level; Open Location: Intown; Near Shopping Roads: Paved Style: Other Construction: Wood Frame Basement: Full; Unfinished; Walk-Out Access Basement Entry: Exterior Only; Interior Exterior: Vinyl Siding Roof: Flat; Metal; Shingle Heat System: Direct Vent Heater; Zoned Heat Fuel: Gas Natural Water Heater: Gas Cooling: None Floors: Carpet; Luxury Vinyl; Vinyl; Wood Driveway: Common; Paved Parking: 21+ Spaces Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers; Fuses; Other Electric Gas: Natural - On Site Sewer: Public Sewer Water: Public

IDX

Listing Office: New England Realty Group LLC

Last Updated: April - 22 - 2026

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.