11 Water Street, Damariscotta, ME 04543

Damariscotta
Local realty services provided by:ERA Dawson-Bradford Co., REALTORS
11 Water Street,Damariscotta, ME 04543
$895,000
  • - Beds
  • 5 Baths
  • 2,925 sq. ft.
  • Multi-family
  • Active
Office: newcastle realty207-563-1003
MLS#:1663212
Source:ME_MREIS

Price summary

  • Price:$895,000
  • Price per sq. ft.:$305.98

About this home

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...

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Home facts

  • Year built:1803
  • Listing ID #:1663212
  • Updated:October 06, 2026 at 10:10 AM

Rooms and interior

  • Total bathrooms:5
  • Full bathrooms:4
  • Flooring:Carpet, Ceramic Tile, Vinyl, Wood
  • Basement Description:Finished, Full, Interior Entry, Walk-Out Access
  • Living area:2,925 sq. ft.

Heating and cooling

  • Heating:Baseboard, Electric, Heat Pump, Heating

Structure and exterior

  • Roof:Shingle
  • Year built:1803
  • Building area:2,925 sq. ft.
  • Lot area:0.22 Acres
  • Lot Features:Business District, Corner Lot, Intown, Near Public Transit, Near Shopping, Open Lot, Rolling Slope
  • Architectural Style:Federal
  • Construction Materials:Vinyl Siding, Wood Frame
  • Exterior Features:Deck, Patio
  • Foundation Description:Poured Concrete
  • Levels:Multi Level

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$895,000
  • Price per sq. ft.:$305.98
  • Tax amount:$8,197 (2025)

Parking

  • Parking description:5 - 10 Spaces, Common, On Site
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