Triplex with Updated
415 Bath Road, Brunswick, ME 04011
For Sale
$575,000
The 1900 property includes three residential units, with one featuring in-unit laundry and a renovated kitchen.
Property Size2,851 SF
Price / SF$201.68
Days on Market28
Property Features for 415 Bath Road
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Bathtub
Shower
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Blue Lobster Real Estate
(207) 553-8125
Listed By:
Kathryn Winglass
(207) 798-9152
Source:
Hayesrealestate
Added: Oct 13
Changed: Nov 7
Last Checked: Nov 8 at 5:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Blue Lobster Real Estate
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Investment Insights
Based on property information with market context.
This 2,851-square-foot triplex contains three units and dates to 1900. One unit has a remodeled kitchen, refreshed flooring, and laundry facilities within the unit. Improvements also include a replacement roof and substantial tree and site work. The property is currently leased and zoned RP1.
The Brunswick location sits between Bath Iron Works, Mid Coast Hospital, and Bowdoin College.
The Brunswick location sits between Bath Iron Works, Mid Coast Hospital, and Bowdoin College.
Key Highlights
- Three residential units in 2,851 square feet
- One unit has a remodeled kitchen, updated flooring, and in‑unit laundry
- Recent roof replacement and extensive tree and site work
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,381
Cap Rate
8.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,007,620
$1.0M
Cap Rate 7%
$719,729
$719.7K
Cap Rate 9%
$559,789
$559.8K
Market Conditions
NOI Build-Up for 2,851 SF
Gross rent
$77.0K $27.00/SF
− Vacancy
−$5.0K −$1.76/SF
EGI
$72.0K $25.25/SF
− OpEx
−$21.6K −$7.57/SF
NOI
$50.4K $17.67/SF
Area
Cumberland County, ME
Vacancy
6.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,007,620
Cap Rate 7%
$719,729
Cap Rate 9%
$559,789
Alternative Uses
Best Use
Multifamily LT 5
$719.7K
$629.8K – $839.7K
NOI $50,381 @ 7.0% cap · market cap 8.76%
Second Best
Apartment 5plus
$669.6K
$585.9K – $781.2K
NOI $46,872 @ 7.0% cap · market cap 8.15%
Theoretical Best
Office A
$783.6K
$685.7K – $914.2K
NOI $54,852 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
85
Businesses Nearby
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Business Placement
Demographics for 04011, ME
21,756
Population
9,440
Households
2.3
Avg Household Size
44
Median Age
52%
College-Educated
96%
High-School Grad
46.8 sq mi
ZIP Area
465
Density / Sq Mi
$74,102
Median Household Income
$40,075
Median Earnings
$1,341
Median Rent
$343,600
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Cumberland County, ME
Properties on Market for Triplexes in Cumberland County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The 1900 property includes three residential units, with one featuring in-unit laundry and a renovated kitchen.
Where is this triplex located?
The property is located at 415 Bath Road Brunswick, ME.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Three residential units in 2,851 square feet; One unit has a remodeled kitchen, updated flooring, and in‑unit laundry; Recent roof replacement and extensive tree and site work
