Street-level commercial spacesOutstanding main street exposure
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.
43 days
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198
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6
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Zillow last checked:
Listing updated:
Listed by:
Berkshire Hathaway HomeServices Northeast Real Estate
Source: Maine Listings,MLS#: 1646269
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 7
Bathrooms: 5
Full bathrooms: 5
Heating
Forced Air, Heat Pump, Hot Water
Cooling
Central Air, Other, Heat Pump
Features
Flooring: Concrete, Other
Basement: Interior Entry,Walk-Out Access,Full
Interior area
Total structure area: 9,854
Total interior livable area: 9,854 sqft
Finished area above ground: 9,854
Finished area below ground: 0
Property
Parking
Parking features: No Driveway, 1 - 4 Spaces, Other, Paved, On Street
Has uncovered spaces: Yes
Accessibility
Accessibility features: Other Accessibilities
Features
Levels: Multi/Split
Stories: 2
Has view: Yes
View description: Scenic
Lot
Size: 2,613 Square Feet
Features: Business District, City Lot, Near Shopping, Near Turnpike/Interstate, Near Town, Other, Level, Sidewalks