'Unicorn' Investment property: triplex with 1.5 acres development potential with immediate cash flow and rare capability for expansion. This three-unit investment opportunity in a highly desirable location with both immediate income and long-term upside. Currently leasing below market rents, offering clear value-add potential. One unit has been completely remodeled with a new kitchen, updated flooring, and in-unit laundry, while recent capital improvements include a new roof and extensive tree and site work. Set on a 1.5-acre lot, this property goes beyond a typical triplex--featuring a fully entitled, municipal sewer-connected development component with flexibility for additional multifamily construction or multiple ADUs (buyer to verify). Stabilized taxes further enhance the investment profile. Ideally positioned between Bath Iron Works, Mid Coast Hospital, and Bowdoin College, this location supports strong rental demand and long-term growth.
Multi-familyProperty Type
1900Year Built
1.5 acresLot Size
$244Price/Sq.Ft.
5 spacesParking
Listed by Kathryn {Katie} Winglass• Blue Lobster Real Estate
Listed by Theresa Fasciana• Blue Lobster Real Estate
If you are looking for an Owner Occupied or an Investment Property, you can not go wrong here. The current owner has owned and cared for this property since 1983 and wishes to remain as Tenants to the new owner. All 3 units are in good repair and currently occupied with long term Tenants. Solid granite foundation and vinyl siding make for easy maintenance. Convenient location with a large yard and an over-sized one car garage. Plenty of parking and a circle driveway. This is a good one. Schedule a tour before it's gone!
MREIS #1045823
Mar 23, 2012
Listed
$265,000
$93/sq ft
MREIS #1044145
Mar 9, 2012
Listed
$265,000
$93/sq ft
MREIS #1020611
Jun 28, 2011
Listed
$339,999
$119/sq ft
MREIS #1020368
Jun 27, 2011
Listed
$339,999
$119/sq ft
MREIS #948638
Sep 2, 2009
Listed
$299,900
$105/sq ft
MREIS #715148
Jul 23, 2004
Listed
$330,000
$116/sq ft
Year
Property tax
Land + Additions
Assessment*
2024
$5,426 (+2.4%)
$44,600 + $182,900
$227,500
2023
$5,298 (+7.4%)
$44,600 + $182,900
$227,500
2022
$4,934 (+4.0%)
$44,600 + $182,900
$227,500
2021
$4,746 (+2.4%)
$44,600 + $182,900
$227,500
2020
$4,634 (+4.5%)
$44,600 + $182,900
$227,500
2019
$4,433 (+4.2%)
$44,600 + $180,200
$224,800
2018
$4,253 (+3.0%)
$44,600 + $180,200
$224,800
2017
$4,130 (−11.2%)
$44,600 + $180,200
$224,800
2016
$4,649 (+3.5%)
$28,800 + $129,600
$158,400
2015
$4,492 (+3.5%)
$28,800 + $129,600
$158,400
2014
$4,340
$28,800 + $129,600
$158,400
Public record
Beds
5
Baths
3
Stories
2
Lot width
—
Lot depth
—
Lot size
1.5 Acres
Year renovated
—
Finished Sq. Ft.
2,851
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,851
Year built
1900
Style
Multi-Family (2-4 Unit)
County
Cumberland County
APN
94355
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 27, 2026.
Historical weather
Brunswick, ME • 04011
Average low and high temperatures (°F)
28
12
32
11
43
25
53
35
64
46
75
55
79
61
77
57
72
51
61
41
48
31
34
17
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
96/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.9 hrs
6.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 415 Bath Rd
$681,059
$14K under list price of $695K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $425K to $665K.