White Bark Property expands portfolio: bath, maine

At White Bark Property Management, investing in real estate is about more than buildings – it’s about supporting the people, history, and communities that bring them to life. That mission is at the heart of our latest acquisition: 832 Washington Street, a five-unit mixed-use property in the historic shipbuilding city of Bath, Maine.

This latest addition brings White Bark’s total footprint in Bath to 56 units, marking another step forward in our commitment to revitalizing neighborhoods while supporting the local workforce.

At White Bark Property Management, we believe there’s a better way to grow — one rooted in stewardship, thoughtful investment, and a genuine love of New England communities.

Located just a few blocks from downtown Bath and Bath Iron Works (BIW), the city’s largest employer and a nationally critical shipbuilder, 832 Washington Street offers a mix of commercial and residential use. It includes four rental apartments and one commercial unit occupied by a local accountant who has served the community from this very spot for over 20 years.

In keeping with our mission of preserving stability for tenants, all current residents and the commercial tenant will remain in place. This approach reflects a core belief at White Bark: that revitalization doesn’t require displacement, and thoughtful investment can strengthen the fabric of a neighborhood without disrupting it.

We’ve already begun a full rehabilitation of the building, upgrading infrastructure and aesthetics to improve long-term livability and efficiency. Planned improvements include:

These enhancements will modernize the property while lowering long-term operational costs – allowing us to provide clean, safe, and cost-effective housing for years to come.

Housing near Bath Iron Works remains in high demand. As one of Maine’s largest and most essential employers, BIW plays a vital role not just locally, but nationally, as a builder of U.S. Navy vessels and major driver of the regional economy.

That demand underscores the need for reliable, affordable housing within walking or commuting distance of the shipyard. White Bark’s growing portfolio helps meet that need with well-managed apartments that support BIW employees, professionals, and families who power the local economy.

“This building represents exactly the type of opportunity we’re passionate about – one that allows us to preserve housing, support small business continuity, and invest in the ongoing revitalization of Bath,” said Matthew Goldfine, White Bark Founder and Managing Director. “With Bath Iron Works at the heart of the local economy, it’s critical that the community has access to safe, well-managed, and conveniently located housing. We’re proud to continue that mission in Bath.”

White Bark has invested heavily in Bath over the past year, acquiring and rehabilitating four multi-family properties on Court Street, as well as the 24-unit Ledge View Apartments. These projects were carefully renovated to modern standards while maintaining occupancy for existing tenants – an approach that balances progress with community preservation.

With the addition of 832 Washington Street, we now manage 56 units across the city – and we’re not stopping there. Our goal is to increase that footprint in the coming years, continuing to provide quality housing for the people who keep Bath running.

We believe that real estate investment should serve people – not just portfolios. That means creating value through responsible stewardship, thoughtful design, and long-term relationships with the communities we serve.

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