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'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.
Property Type(s):
Multi Family
| Last Updated | 7/15/2026 | Year Built | 1900 |
|---|---|---|---|
| County | Cumberland |
Additional Details
| AIR | None |
|---|---|
| BASEMENT | Full, Interior Entry, Unfinished, Yes |
| CONSTRUCTION | Frame, Vinyl Siding |
| HEAT | Forced Air, Hot Water, Oil, Propane |
| LOT | 1.5 acre(s) |
| LOT DESCRIPTION | Corner Lot, Level, Near Golf Course, Pasture |
| LOT DIMENSIONS | 1.5 |
| MLS STATUS | Active |
| PARKING | Common, Gravel |
| SEWER | Public Sewer |
| STYLE | Farmhouse |
| TAXES | 5426 |
| UTILITIES | Natural Gas Not Available |
| WATER | Private |
Listing provided by Blue Lobster Real Estate
Listing data is derived in whole or in part from the Maine IDX & is for consumers'' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.© 2026 Maine Real Estate Information System, Inc. All Rights Reserved. 
Additional school data provided by Onboard Informatics © 2026 Onboard Informatics. Information deemed reliable but not guaranteed.
Mortgage Calculator provided by Diverse Solutions © 2026
IDX data provided by Market Leader, courtesy of Maine Listings.
This IDX solution is (c) Diverse Solutions 2026.
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