'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.
Active
$695,000
415 Bath Road, Brunswick, ME 04011
7beds
2,851sqft
Multi Family
Built in 1900
-- sqft lot
$660,500 Zestimate®
$244/sqft
$-- HOA
What's special
New roofUpdated flooringNew kitchenIn-unit laundry
- 52 days
- 341
- 9
Zillow last checked:
Listing updated:
Listed by:
Blue Lobster Real Estate
Source: Maine Listings,MLS#: 1672025
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Direct Vent Heater, Forced Air, Hot Water
Cooling
- None
Features
- Bathtub, Shower
- Flooring: Carpet, Tile, Vinyl
- Basement: Bulkhead,Interior Entry,Full,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 2,851
- Total interior livable area: 2,851 sqft
- Finished area above ground: 2,851
- Finished area below ground: 0
Property
Parking
- Parking features: Common, Gravel, 5 - 10 Spaces
Features
- Levels: Multi/Split
- Patio & porch: Deck
Lot
- Size: 1.5 Acres
- Features: Near Country Club, Near Golf Course, Near Shopping, Near Railroad, Corner Lot, Level, Pasture
Details
- Parcel number: BRUNM046L020
- Zoning: RP1
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Farmhouse
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Foundation: Block, Stone
- Roof: Shingle
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Private
Green energy
- Energy efficient items: Ceiling Fans
Community & HOA
Location
- Region: Brunswick
Financial & listing details
- Price per square foot: $244/sqft
- Tax assessed value: $227,500
- Annual tax amount: $5,426
- Date on market: 7/15/2026
- Road surface type: Paved
Estimated market value
$660,500
$627,000 - $694,000
$2,077/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/15/2026 | Listed for sale | $695,000+98.6%$244/sqft |
Source:  Maine Listings #1672025 Report a problem | ||
| 10/7/2020 | Sold | $349,900$123/sqft |
Source: Maine Listings #1458914 Report a problem | ||
| 9/15/2020 | Pending sale | $349,900$123/sqft |
Source: NextHome Experience #1458914 Report a problem | ||
| 9/14/2020 | Price change | $349,900-6.7%$123/sqft |
Source: NextHome Experience #1458914 Report a problem | ||
| 7/5/2020 | Listed for sale | $374,900+41.5%$131/sqft |
Source: NextHome Experience #1458914 Report a problem | ||
| 5/8/2012 | Listing removed | $265,000$93/sqft |
Source: Fontaine Family - The Real Estate Leader #1044145 Report a problem | ||
| 4/13/2012 | Price change | $265,000-1.9%$93/sqft |
Source: Fontaine Family - The Real Estate Leader #1044145 Report a problem | ||
| 3/10/2012 | Price change | $270,000-20.6%$95/sqft |
Source: Fontaine Family - The Real Estate Leader #1044145 Report a problem | ||
| 12/18/2011 | Price change | $339,999-2.9%$119/sqft |
Source: Century 21 Shore and Country #1020368 Report a problem | ||
| 12/16/2011 | Price change | $350,000+2.9%$123/sqft |
Source: Century 21 Shore and Country #1020368 Report a problem | ||
| 11/18/2011 | Price change | $339,999-2.9%$119/sqft |
Source: Century 21 Shore and Country #1020368 Report a problem | ||
| 11/17/2011 | Price change | $350,000+2.9%$123/sqft |
Source: Century 21 Shore and Country #1020368 Report a problem | ||
| 10/19/2011 | Price change | $339,999-2.9%$119/sqft |
Source: Century 21 Shore and Country #1020368 Report a problem | ||
| 7/1/2011 | Listed for sale | $350,000$123/sqft |
Source: Century 21 Shore and Country #1020611 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,426 +2.4% | $227,500 |
| 2023 | $5,298 +7.4% | $227,500 |
| 2022 | $4,934 +6.5% | $227,500 |
| 2020 | $4,634 +11.7% | $227,500 +1.2% |
| 2019 | $4,150 -2.4% | $224,800 |
| 2018 | $4,253 +3% | $224,800 |
| 2017 | $4,130 -11.2% | $224,800 +41.9% |
| 2016 | $4,649 +3.5% | $158,400 |
| 2015 | $4,492 +8.3% | $158,400 |
| 2014 | $4,148 -1.3% | $158,400 |
| 2013 | $4,204 +6.6% | $158,400 |
| 2012 | $3,944 +5.1% | $158,400 |
| 2011 | $3,751 +10.5% | $158,400 +5.2% |
| 2009 | $3,395 | $150,600 |
| 2008 | $3,395 +4.1% | $150,600 +0.4% |
| 2006 | $3,261 | $149,950 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 04011
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