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Historic Apartment Building with Elevator
For Sale
$1,295,000

103 South Street, Bath, ME 04530

Multi-Family, Bath, ME

Property Size17,285 SF
Lot Size1.80 Acres
Price / SF$74.92
Days on Market67

Property Features for 103 South Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R1
Bathrooms 8
Full bathrooms 8
Rooms Bathroom 5, Bathroom 8, Bathroom 6, Bathroom 3, Bathroom 4, Basement, Bathroom 2, Bathroom 1, Bathroom 7
Interior features Elevator Passenger
Basement Unfinished, Walk-Out Access, Full
Accessibility Accessible Elevator Installed
Lot features Well Landscaped, Corner Lot, Level, Sidewalks, Intown
Standard status Active
Size 17,285 SF
Lot size 1.80 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 19601

Utilities

Sewer type Public Sewer
Heating system Hot Water(Heating), Pellet Stove, Zoned, Natural Gas, Baseboard
Water source Public

Amenities

in-ground swimming pool
off-street parking

Building Details

Year built 1830
Floors in Building 3
Number of units 6
Flooring type Wood, Carpet, Laminate
Building materials Wood Frame, Vinyl Siding, Other Exterior
Roof type Membrane, Rolled Hot Mop
Architectural style Federal
Listing Agency: Legacy Properties Sotheby's International Realty
Listed By: Carrie Martin
Added: Jul 11 Changed: Sep 13 Last Checked: Sep 15 at 2:06AM
MLS# 1661124

Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1830 in the Federal style, this apartment property combines a substantial main house with a connected wing containing rental units. The improvements total approximately 17,285 square feet, including a main house measuring 12,000+/- square feet. Interior features include an accessible passenger elevator, multiple bathrooms, wood and laminate flooring, carpet, zoned heating, baseboard and hot-water systems, natural gas service, and a pellet stove.

The property occupies a 1.8-acre corner lot at 103 South Street in Bath and is served by public water and public sewer. Covenants provide for potential development of up to 13 dwelling units within the existing structure, subject to City approval, with the possibility of one additional dwelling unit on the property. The covenants also allow bed and breakfast use.

Additional site and building features include an in-ground swimming pool, off-street parking, membrane and rolled hot-mop roofing, and a layout that is configured to accommodate two additional apartments.

Key Highlights

  • Approximately 17,285 square feet on a 1.8‑acre corner lot
  • Main house measures 12,000+/- square feet and connects to a wing with rental units
  • Covenants permit up to 13 dwelling units within the existing structure, plus 1 additional unit with City approval

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Auto Parts Store Daycare Center (Bike/Boat/Book/etc) Store Carpet & Flooring Store Storage Facility Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

746
Businesses Nearby

Demographics for 04530, ME

11,153
Population
6,162
Households
1.8
Avg Household Size
45
Median Age
43%
College-Educated
94%
High-School Grad
28.8 sq mi
ZIP Area
387
Density / Sq Mi
$78,482
Median Household Income
$42,793
Median Earnings
$980
Median Rent
$306,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - R1-zoned property includes a connected wing with rental units, public utilities, and an accessible passenger elevator.
Where is this apartment building located?
The property is located at 103 South Street Bath, ME.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Approximately 17,285 square feet on a 1.8‑acre corner lot; Main house measures 12,000+/- square feet and connects to a wing with rental units; Covenants permit up to 13 dwelling units within the existing structure, plus 1 additional unit with City approval
More about this property
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