226 Washington Street
More Than Just a Property
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Nearby Schools
Educational options and performance ratings in the area.
Fisher-Mitchell School
Bath Middle School
Morse High School
Property Overview
A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.
Features & Amenities
Haven AI Verdict
Data provided by Haven AI. Disclaimer
Haven AI
The property at 226 Washington Street represents a severe financial risk from a conservative investment standpoint. A monthly cash flow deficit of -$5,737.95 indicates a total disconnect between the $1.2M acquisition price and the prevailing market rents in Bath, ME. With a nominal rental yield of approximately 0.33%, the asset fails to meet basic debt service coverage requirements, necessitating massive monthly capital infusions to sustain ownership. While the 4% annual appreciation is consistent with regional trends, it is insufficient to offset the immediate and compounding liquidity drain. This investment is highly speculative and lacks the fundamental income-producing characteristics required for a stable multi-family portfolio.
- • Favorable 1:1 bed-to-bath ratio across 6 units
- • Stable 4% projected annual appreciation for the Maine mid-coast region
- • Located in a historic district with high demand for multi-family housing
- • Profoundly negative cash flow exceeding $68,000 in annual losses
- • Yield of 0.33% is significantly below the risk-free rate of return
- • High acquisition cost of $533 per square foot for the local market
- • Inability to service a standard mortgage without massive out-of-pocket subsidies
- • Valuation appears disconnected from the income-producing potential of the asset
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-08-01 | Listing removed | $1,200,000 | – |
| 2026-02-10 | Listed for sale | $1,200,000 | – |
Investment Numbers & Operating Model
Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.
Multi-factor yield grade
NOI: $-2,826/yr
On $276,000 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
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