11 Water Street, Damariscotta, ME 04543

$895,000
Property Type: Multi-Family Baths: 5 Square Footage: 2,925 Lot Size (sq. ft.): 9,583 Status: Active
Current Price: $895,000 List Date: 5/21/2026 Last Modified: 10/05/2026

Overview

Description

A rare opportunity to own a waterfront income-producing property in the heart of downtown Damariscotta. 11 Water Street combines four residential rental units, established income, significant recent improvements, on-site parking, and approximately 70 feet of frontage on the Damariscotta River. Situated directly in downtown Damariscotta, it is within easy walking distance of restaurants, shops, and galleries, offering an option that is exceptionally difficult to find. The building's layout and commercial zoning offer flexibility for an owner who may ultimately envision a different mix of residential, commercial, or mixed-use occupancy, creating the opportunity to acquire an established income-producing property today while retaining options for tomorrow. The significant work required to maintain and modernize an older property has already been completed, including updated electrical and plumbing systems, insulation, heat pumps, roofing and gutters, and a sprinkler system. The building h ...

Listing Details MLS# 1663212

Location Information

Street #
11
Street Name
Water
Street Type
Street
County
Lincoln
Town
Damariscotta
State/Province
ME
Zip Code
04543
Zip +4
4061
Leased Land
No
Book
4369
Page
158
Map
6
Lot
6
Zoning
C-1
Zoning Overlay
Unknown
Association
No
Full Tax Amount $
8197
Tax Year
2025
Tree Growth Y/N
No

Contract Information

Original List Price
1050000

Property Information

Surveyed
Yes
Seasonal
No
Owner Occupied
No
Deed/Conveyance Type Offered
Warranty
Deed
All
Number of Units
4
Total Baths
5
Total Full Baths
4
Total Half Baths
Yes
Color
White
Year Built
1803
SqFt Finished Above Grade
1993
SqFt Finished Below Grade
932
SqFt Finished Total
2925
SqFt Source
Other
Other Source of Square Footage
Sprinkler System Floor Plan
Furniture
Partially
Garage
No
Lot Size Acres +/-
0.22
Source of Acreage
Public Records
Road Frontage
Yes
Road Frontage +/-
63
Source of Road Frontage
Public Records

Water Info

Water Frontage
Yes
Waterfront Amount
70
Water Frontage Owned
70
Water View
Yes
Water Body Name
Damariscotta River
Water Frontage Shared
0

Units

# of 1 BD Units
4

Unit 1

Lease
Yes
Level
Basement
Security Deposit
Yes
Monthly Rent
1600
# Full Baths
Yes
# of Half Baths
Yes
# of Rooms
3
# of Bedrooms
Yes
Dedicated Electric Meter
No
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
Yes
Heat
Yes
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes

More Information

Unit 2

Lease
Yes
Level
First
Security Deposit
Yes
Monthly Rent
2315
# Full Baths
Yes
# of Rooms
2
# of Bedrooms
Yes
Dedicated Electric Meter
No
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
Yes
Heat
Yes
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes

Unit 3

Lease
Yes
Level
First
Security Deposit
No
Monthly Rent
1275
# Full Baths
Yes
# of Rooms
Yes
Dedicated Electric Meter
No
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
Yes
Heat
Yes
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes

Unit 4

Lease
Yes
Level
Second
Security Deposit
Yes
Monthly Rent
2005
# Full Baths
Yes
# of Rooms
4
# of Bedrooms
Yes
Dedicated Electric Meter
No
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
Yes
Heat
Yes
Range
Yes
Refrigerator
Yes
Water
Yes
Sewer
Yes

Levels

Multi-Level
Yes

Site

Corner Lot
Yes
Open
Yes
Rolling/Sloping
Yes

Location

Business District
Yes
Intown
Yes
Near Shopping
Yes

Roads

Paved
Yes
Public
Yes

Transportation

Major Road Access
Yes
Public Transport Access
Yes

Source of Water Frontage

Survey
Yes

Water Body Type

River
Yes

Style

Federal
Yes

Construction

Wood Frame
Yes

Structure Type

Post & Beam
Yes

Basement

Finished
Yes
Full
Yes
Walk-Out Access
Yes

View

Scenic
Yes

Foundation Materials

Poured Concrete
Yes

Exterior

Vinyl Siding
Yes

Roof

Shingle
Yes

Heat System

Baseboard
Yes
Heat Pump
Yes

Energy Efficiency

Tankless Water Heater
Yes

Heat Fuel

Electric
Yes

Income & Expenses

Gross Income
94421.48
Operating Expenses
24858.84

Cooling

Heat Pump
Yes

Floors

Carpet
Yes
Ceramic Tile
Yes
Vinyl
Yes
Wood
Yes

Parking

5 - 10 Spaces
Yes
On Site
Yes

Electric

Circuit Breakers
Yes

Gas

Bottled
Yes

Sewer

Public Sewer
Yes

Water

Public
Yes

Driveway

Common
Yes

Basement Entry

Interior
Yes

Water Heater

Gas
Yes
On Demand
Yes

Patio and Porch Features

Deck
Yes
Patio
Yes

Equipment

Internet Access Available
Yes

Vehicle Storage

No Vehicle Storage
Yes

Property Features

Site: Corner Lot; Open; Rolling/Sloping Location: Business District; Intown; Near Shopping Roads: Paved; Public Transportation: Major Road Access; Public Transport Access Source of Water Frontage: Survey Water Body Type: River View: Scenic Style: Federal Structure Type: Post & Beam Levels: Multi-Level Construction: Wood Frame Basement: Finished; Full; Walk-Out Access Basement Entry: Interior Foundation Materials: Poured Concrete Exterior: Vinyl Siding Roof: Shingle Heat System: Baseboard; Heat Pump Water Heater: Gas; On Demand Cooling: Heat Pump Floors: Carpet; Ceramic Tile; Vinyl; Wood Patio and Porch Features: Deck; Patio Equipment: Internet Access Available Energy Efficiency: Tankless Water Heater Driveway: Common Parking: 5 - 10 Spaces; On Site Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: Bottled Sewer: Public Sewer Water: Public

Documents

IDX
Listing Office: Newcastle Realty
Last Updated: October - 05 - 2026
Broker Attribution: 207-563-1003
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.
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