11 Water Street, Damariscotta, ME 04543 ⋆

11 Water Street, Damariscotta, ME 04543

$895,000

With waterfront on the Damariscotta River

Lower portion of the living area, top floor apartment

Kitchen and laundry, top floor apartment

11 Water Street (MainFloorApt-Waterfront

Main floor apartment open concept living space

11 Water Street (MainFloor When it was a

Lower level apartment opens on to waterfront patio

Lower level apartment kitchen (was a commercial kitchen)

Water view from the main level studio apartment

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 ... (Read more)

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

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

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

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

Property Disclosure ›

Lead Paint Addendum Public Access ›

Deed Public Access ›

Survey ›

FIRMette ›

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.

11 Water Street, Damariscotta, ME 04543 (MLS# 1663212)