Price Reduced29
$335,000
4 bd · 3 ba · 2,332 sqft
5 West Street, Waterville, ME
Coldwell Banker Plourde Real Estate
$1,900,000Active
Home in Waterville, ME 04901
Est. $11,677/mo$193/sqft · 136 days on Realty
—
Beds
22
Baths
9,829
Sqft
1900
Built
School ratings (A+ to F) from HJN community data.
Albert S Hall School
4-5 · Regular · Waterville
237 students · 11.6:1 student–teacher
Winslow High School
9-12 · Regular · Winslow
383 students · 12.3:1 student–teacher
Winslow Junior High School
7-8 · Regular · Winslow
178 students · 11.8:1 student–teacher
Waterville Senior High School
9-12 · Regular · Waterville
529 students · 12.8:1 student–teacher
Winslow Elementary School
PK-6 · Regular · Winslow
581 students · 11.9:1 student–teacher
Mid-Maine Technical Center
Vocational Education · Waterville
George J Mitchell School
PK-3 · Regular · Waterville
532 students · 12.6:1 student–teacher
Mount Merici Academy
PK-8 · Regular
126 students · 4.4:1 student–teacher
Within 2 miles of this home: 35+ restaurants and cafés, 6 grocery stores, 35+ parks and green spaces, and 12 transit stops.
Place data from OpenStreetMap.
Jorgensen's Cafe
Main Street
Holy Cannoli
Main Street
The Proper Pig
Common St
Last Unicorn
Silver Street
Silver Street Tavern
American restaurant · Silver Street
18 Below
Silver Street
Cheung Lee Express
Chinese restaurant · Concourse West
Villager Family Resturaunt
Concourse West
Save-A-Lot
Concourse West
Pleau's Market
China Road
Uncle Dean's Natural Market
Grove Street
Hannaford
Kennedy Memorial Drive
Walmart Supercenter
Waterville Commons Drive
Shaw's
Kennedy Memorial Drive
Castonguay Square
Head of Falls Park
Front Street
Levine’s Park
Kennebec River Reservoir
Veterans Memorial Park
Post Office Square
Children's Play Area
Park bench
Benton Avenue
Waterville Concourse
Elm Towers
Muskie Center/Durbin
Hazelwood
JFK Mall
MaineGeneral Thayer
Elm Plaza
Walmart
Est. $11,677/mo$193/sqft · 136 days on Realty
—
Beds
22
Baths
9,829
Sqft
1900
Built
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 parking lot supports the residential and commercial components. A TIF is in place and may be able to transfer with the property if the Buyer assumes the current entity, subject to municipal approval and verification. The property may also be a strong candidate for bonus depreciation through a cost segregation study. Exisitng management in place.
Listing agent
Matthew Boulerice
Courtesy of New England Realty Group LLC
Maine Listings · Listing 1658638
Maine ListingsCourtesy of New England Realty Group LLC
Listing agent: Matthew Boulerice · Listing 1658638
$380,000
Estimated monthly payment
$11,677/mo
Loan amount $1,520,000. Estimate only — your actual rate and payment depend on credit, location, and lender.
Maine ListingsMaine ListingsThis content last refreshed on 2026-09-04 11:54:09 UTC. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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