Seller's Agent in 2022
Jeffrey Mateja
Keller Williams Realty
(207) 879-9800
9 in this area
867 Total Sales
--
Bed
4
Baths
2,904
Sq Ft
8,276
Sq Ft Lot
Highlights
- Nearby Water Access
- Corner Lot
- Vinyl Flooring
- Deck
- No HOA
- Heating System Uses Gas
About This Home
As of August 2022Excellent investment opportunity in this 4 unit multi-family home in Bath! Positive cash flow, gross rent multiplier of 9, and a cap rate of 9, this property is performing better than many on the market. Well maintained with a low vacancy rate. Plenty of off street parking for tenants. Located on the northern side of Bath, this property is walking distance to downtown, but an easy commute to Bath Iron Works. You won't want to miss this!
Last Buyer's Agent
Rick Meisenbach
Engel & Volkers Casco Bay
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,578
Year Built
- Built in 1890
Lot Details
- 8,276 Sq Ft Lot
- Corner Lot
Home Design
- Stone Foundation
- Wood Frame Construction
- Composition Roof
- Vinyl Siding
Interior Spaces
- 4 Full Bathrooms
- 2,904 Sq Ft Home
- 2-Story Property
- Washer and Dryer Hookup
Flooring
- Laminate
- Vinyl
Basement
- Walk-Out Basement
- Partial Basement
- Exterior Basement Entry
- Sump Pump
- Dirt Floor
- Crawl Space
Parking
- Gravel Driveway
- Off-Street Parking
Outdoor Features
- Nearby Water Access
- Deep Water Access
- River Nearby
- Deck
Location
- City Lot
Utilities
- No Cooling
- Heating System Uses Gas
- Heating System Mounted To A Wall or Window
- Electric Water Heater
Listing and Financial Details
- Tax Lot 47
- Assessor Parcel Number BTTH-000026-000000-000047
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- Operating Expense $9,858
- Gross Income $37,500
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/12/2022 08/12/22 | Sold | $490,000 | +3.2% | $169 / Sq Ft | |
| 06/05/2022 06/05/22 | Pending | -- | -- | -- | |
| 02/28/2022 02/28/22 | For Sale | $475,000 | +46.2% | $164 / Sq Ft | |
| 08/06/2019 08/06/19 | Sold | $325,000 | 0.0% | $112 / Sq Ft | View Prior Sale |
| 06/18/2019 06/18/19 | Pending | -- | -- | -- | |
| 05/18/2019 05/18/19 | For Sale | $325,000 | +89.8% | $112 / Sq Ft | |
| 05/31/2012 05/31/12 | Sold | $171,250 | -4.8% | $59 / Sq Ft | View Prior Sale |
| 04/02/2012 04/02/12 | Pending | -- | -- | -- | |
| 03/26/2012 03/26/12 | For Sale | $179,900 | -- | $62 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,187 | $508,500 | $79,900 | $428,600 |
| 2024 | $7,745 | $469,400 | $79,100 | $390,300 |
| 2023 | $6,456 | $382,000 | $64,300 | $317,700 |
| 2022 | $4,600 | $225,500 | $50,600 | $174,900 |
| 2021 | $4,578 | $225,500 | $50,600 | $174,900 |
| 2020 | $4,510 | $225,500 | $50,600 | $174,900 |
| 2019 | $4,465 | $225,500 | $50,600 | $174,900 |
| 2018 | $4,377 | $200,800 | $24,900 | $175,900 |
| 2017 | $4,287 | $200,800 | $24,900 | $175,900 |
| 2016 | $4,237 | $200,800 | $24,900 | $175,900 |
| 2015 | $4,157 | $200,800 | $24,900 | $175,900 |
| 2014 | $4,056 | $200,800 | $24,900 | $175,900 |
| 2013 | $3,944 | $200,800 | $24,900 | $175,900 |
Source: Public Records
Agents Affiliated with this Home
-
Jeffrey Mateja
-
Katherine Azimi
K
Seller Co-Listing Agent in 2022
Katherine Azimi
Signature Homes Real Estate Group, LLC
(207) 205-5487
2 in this area
126 Total Sales
-
R
Buyer's Agent in 2022
Rick Meisenbach
Engel & Volkers Casco Bay
-
Richard Meisenbach
R
Buyer's Agent in 2022
Richard Meisenbach
Keller Williams Realty
(207) 841-9863
3 in this area
16 Total Sales
-
D
Seller's Agent in 2019
Douglas Boyden
Shore & Country Real Estate
-
K
Buyer's Agent in 2019
Kirk Kennedy
Armentrout Select Realty of Maine
Map
Source: Maine Listings
MLS Number: 1520570
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