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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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145147 145-147 Main St , Waterville, ME 04901
$1,300,000
Est. Payment: $6,707.44/mo
0 Bed
5 Bath
9854 Sqft
Status: active | Days on site: 87
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

Excellent investment opportunity featuring **four residential apartments and two commercial rental spaces** in the heart of downtown Waterville. With six income-producing units under one roof, this well-maintained mixed-use property offers diversified cash flow, long-term appreciation potential, and flexibility for a variety of investment strategies. The residential portion includes **two 1-bedroom apartments, one 3-bedroom apartment, and a spacious 2-bedroom owner's unit overlooking Main Street**. The owner's unit can continue to serve as an owner-occupied residence or be converted into an additional income-producing rental, maximizing revenue potential. The street-level commercial spaces are occupied by **Waterville House of Pizza** and **Soul Revival**, two established businesses that benefit from outstanding Main Street exposure and consistent traffic. The combination of residential and commercial tenants provides multiple income streams while helping reduce investment risk. Ideally located near Colby College, downtown shopping, restaurants, healthcare, and major transportation routes, this property is well positioned to benefit from Waterville's continued growth and revitalization. Investors will appreciate the strong location, established tenancy, and opportunity for future rental income growth. Whether you're adding to an investment portfolio, completing a 1031 exchange, or searching for a mixed-use property with proven income potential, this property deserves your attention. **Possible owner financing may be available to qualified buyers**, providing added flexibility for acquisition. Opportunities to purchase a property offering **four residential rental units, two commercial spaces, diversified income, and a prime downtown location** are increasingly rare.

Highlights

Listed by Elisha Hardy , 207-314-2574 Berkshire Hathaway HomeServices Northeast Real Estate , 207-942-8261. Maine Real Estate Information System, Inc. mls logo

Property Type

Multi-Family

Lot/Acreage
0.06

Year Built

1870

County

Kennebec

Listing ID

1646269

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:5
  • Full Bathrooms:5
Appliances:Internet Access Available
Air Cond:Central Air,Heat Pump
Fireplaces:
Floor:Concrete
Above Ground Sq Ft:9854
Below Ground Sq Ft:0
Basement:Interior Entry,Walk-Out Access,Full
Other:Public

Exterior Features

Lot:Business District,Intown,Near Shopping,Near Turnpike/Interstate,Near Town,Level,Sidewalks,Near Public Transit
Zoning:CA
Roof:Membrane
Sewer:Public Sewer
Parking Features:No Driveway,1 - 4 Spaces,Other Parking,Paved,On Street
Principal Interest
$6,707
Taxes
$500

Home Price

$1,300,000

Loan Details

30 yrs
6.695%

Down Payment

20%
$260,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$6,707.44

Principal

Taxes

Principal Taxes HOA Total
Monthly $6,707.44 $499.50 $0.00 $7,206.94
Yearly $80,489.30 $5,994.00 $0.00 $86,483.30
Total $2,414,679.14 $179,820.00 $0.00 $2,594,499.14

Today's Rates

30 Year

6.7%

20 Year

6.21%

15 Year

6.15%

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Market insight data is pulled from the same city as the listing being viewed (Waterville, ME).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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


IDX service by Blueroof 360

Data last updated: 2026-08-02T05:33:23.000Z

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