Bath Multi-Family

Multi-Family for Sale
Catylist Listing ID: 30843696
Property Subtypes: Duplex/Fourplex, Other
Number of Units: 4 Units
Building Size (RSF): 3,902 SF
Gross Building Area: See Agent
Sale Price: $1,350,000
Unit Price: $337,500 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/22/2023

Overview / Comments

50 Elm Street, Bath, Maine, offers an excellent downtown location, with its close proximity to Front Street, and the historic Bath Iron Works ship building yard. The property has undergone a complete interior / exterior renovation and was completed in 2017-2018. This 3,900s/f property was converted into four new apartments, with separate meters and heating systems, it consists of three 2-Bedroom - 1.5-Bathroom , and one 3-Bedroom - 1.5 Bathroom. The building features eight off street parking places, additionally the garage has two off street parking spaces and storage area.


Finance Data Year 2023
Real Estate Taxes - Annual($) $6,065 (Annual)
Gross Operating Income $100,200 (Annual)
Net Operating Income $81,000 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Portland-South Portland
County: Sagadahoc
Tax ID/APN: BTTH-000026-000000-000237
Zoning: C1 & C2
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 2
Year Built: 1890
Year Renovated: 2018
Laundry: In Each Unit
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,489 9,695 19,121
Median Age: 38.55 41.5 43.38
Households: 2,057 4,446 8,371


Photograph of Listing Agent

Ed Herczeg

Bean Group Commercial Real Estate Brokerage
NECPE Member
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