114 &116.5 Elm St Bangor, ME 04401
Central Bangor NeighborhoodEstimated payment $2,849/month
Highlights
- Additional Residence on Property
- Colonial Architecture
- Main Floor Bedroom
- Abraham Lincoln School Rated 10
- Wood Flooring
- 5-minute walk to Chapin Park
About This Home
Don't miss your chance to own two properties on one lot in one of Bangor's most desirable neighborhoods. This unique package features four total units, providing instant scale for your portfolio. Located in the sought-after Tree Street District, the properties are surrounded by a vibrant, walkable community with strong rental demand.
Three of the four units are already rented long-term, delivering immediate cash flow and stability from day one. With one unit available for an owner-occupant or new tenant, you have flexibility to maximize returns. The Tree Street area's reputation for charm and convenience ensures ongoing demand, making vacancies rare and rent growth steady.
Opportunities like this rarely come on the market — especially with multiple units on a single lot in such a prime location. Whether you're looking to expand your existing holdings or make a smart entry into Bangor's multifamily market, this property checks all the boxes: location, cash flow, and future appreciation potential. Property is Broker Owned.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,572
Year Built
- Built in 1900
Lot Details
- 6,534 Sq Ft Lot
- Level Lot
- Open Lot
Home Design
- 3,442 Sq Ft Home
- Colonial Architecture
- Brick Foundation
- Concrete Foundation
- Wood Frame Construction
- Shingle Roof
- Metal Roof
- Asbestos Siding
- Vinyl Siding
- Asbestos
- Concrete Perimeter Foundation
Flooring
- Wood
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- Main Floor Bedroom
- 4 Full Bathrooms
- Bathtub
Basement
- Brick Basement
- Interior Basement Entry
Parking
- Gravel Driveway
- On-Site Parking
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Baseboard Heating
- Hot Water Heating System
- Internet Available
Additional Features
- Washer and Dryer Hookup
- Additional Residence on Property
- City Lot
Listing and Financial Details
- Tax Lot 166
- Assessor Parcel Number 114&116.5ElmStreetBangor04401
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- Operating Expense $17,777
- Gross Income $57,502
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/19/2025 10/19/25 | Pending | -- | -- | -- |
| 10/10/2025 10/10/25 | For Sale | $420,000 | 0.0% | $122 / Sq Ft |
| 09/25/2025 09/25/25 | Pending | -- | -- | -- |
| 09/24/2025 09/24/25 | For Sale | $420,000 | 0.0% | $122 / Sq Ft |
| 09/09/2025 09/09/25 | Pending | -- | -- | -- |
| 09/06/2025 09/06/25 | For Sale | $420,000 | -- | $122 / Sq Ft |
Source: Maine Listings
MLS Number: 1636637
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