695,000

"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.