Seller's Agent in 2025
Lewis Morrison Nicole Drake
NextHome Experience
(207) 343-0143
36 in this area
385 Total Sales
16 Kossuth St Bangor, ME 04401
West Bangor Neighborhood
--
Bed
2
Baths
2,000
Sq Ft
4,792
Sq Ft Lot
Highlights
- Colonial Architecture
- No HOA
- 1 Car Attached Garage
- Deck
- Porch
- Bathtub
About This Home
As of April 2025Affordable Investment Opportunity - Fully Rented 2-Unit Multi-Family Property!
Discover a fantastic income-generating opportunity with this fully leased, two-unit multi-family property conveniently located near downtown Bangor and all essential amenities. Each unit features 2 spacious bedrooms and 1 full bathroom, offering comfortable living spaces for tenants.
Key features include:
✅ Steady Rental Income - Both units are occupied with leases in place
✅ Off-Street Parking - Hassle-free parking for tenants
✅ Convenient Location - Minutes from shopping, dining, hospitals, and entertainment
✅ New Roof (2022) - Recently updated for added durability, and value
✅ 1st Floor Washer & Dryer Hookup - Added convenience for tenants on the first floor
✅ One Car Garage- Ideal for seasonal storage
✅ Unfinished Space Above Garage - A blank canvas with potential to be converted into a 3rd unit (town approval needed)
✅ Great Investment Potential - Ideal for new and seasoned investors alike
With strong rental demand in the area and proximity to major conveniences, this property is a smart addition to any portfolio. Don't miss out on this turnkey investment opportunity!
📞 Contact us today for more details!
Last Agent to Sell the Property
NextHome Experience Listed on: 02/14/2025
Last Buyer's Agent
NON-MREIS AGENT
Non MREIS Agency
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,397
Year Built
- Built in 1900
Lot Details
- 4,792 Sq Ft Lot
- Level Lot
- Open Lot
Parking
- 1 Car Attached Garage
- Gravel Driveway
Home Design
- Duplex
- Colonial Architecture
- New Englander Architecture
- Farmhouse Style Home
- Brick Foundation
- Concrete Foundation
- Stone Foundation
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 2,000 Sq Ft Home
- Unfinished Basement
- Interior Basement Entry
- Laundry on main level
Flooring
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 2 Full Bathrooms
- Bathtub
- Shower Only
Outdoor Features
- Deck
- Porch
Location
- City Lot
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Baseboard Heating
- Hot Water Heating System
- Electric Water Heater
Listing and Financial Details
- Tax Lot 5
- Assessor Parcel Number BANG-000030-000000-000005
Community Details
Overview
- No Home Owners Association
- 2 Units
Amenities
- Community Storage Space
Building Details
- Operating Expense $746
- Gross Income $13,912
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 14, 2025
Closed on
Apr 18, 2025
Sold by
Sclass Homes Llc
Bought by
Loring Alexis J
Seller's Agent
Lewis Morrison Nicole Drake
NextHome Experience
Buyer's Agent
NON-MREIS AGENT
Non MREIS Agency
List Price
$219,000
Sold Price
$219,000
Views
59
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,418
Avg. Annual Appreciation
5.34%
Original Mortgage
$211,690
Outstanding Balance
$210,747
Interest Rate
6.63%
Mortgage Type
FHA
Estimated Equity
$15,671
Purchase Details
Closed on
Sep 29, 2022
Sold by
16 Kossuth Llc
Bought by
Sclass Homes Llc
Purchase Details
Closed on
Dec 14, 2021
Sold by
Boardwalk Prop Llc
Bought by
16 Kossuth Llc
Purchase Details
Closed on
Jun 17, 2009
Sold by
Roberts Mark William
Bought by
Boardwalk Properties Llc
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
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $219,000 | None Available | |
| Warranty Deed | $219,000 | None Available | |
| Warranty Deed | $130,000 | None Available | |
| Warranty Deed | $130,000 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Deed | -- | -- | |
| Quit Claim Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $211,690 | FHA | |
| Closed | $211,690 | FHA |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/18/2025 04/18/25 | Sold | $219,000 | 0.0% | $110 / Sq Ft |
| 02/14/2025 02/14/25 | For Sale | $219,000 | -- | $110 / 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 |
|---|---|---|---|---|
| 2024 | $3,397 | $183,100 | $13,400 | $169,700 |
| 2023 | $3,204 | $167,300 | $13,400 | $153,900 |
| 2022 | $2,917 | $143,000 | $13,400 | $129,600 |
| 2021 | $2,518 | $112,900 | $12,400 | $100,500 |
| 2020 | $2,431 | $104,800 | $12,200 | $92,600 |
| 2019 | $2,321 | $100,900 | $12,200 | $88,700 |
| 2018 | $2,166 | $94,400 | $12,200 | $82,200 |
| 2017 | $2,115 | $93,800 | $12,200 | $81,600 |
| 2016 | $2,068 | $91,900 | $12,200 | $79,700 |
| 2015 | $2,017 | $91,900 | $12,200 | $79,700 |
| 2014 | $1,979 | $90,800 | $12,200 | $78,600 |
| 2013 | $1,889 | $90,800 | $12,200 | $78,600 |
Source: Public Records
Agents Affiliated with this Home
-
Lewis Morrison Nicole Drake
-
N
Buyer's Agent in 2025
NON-MREIS AGENT
Non MREIS Agency
Map
Source: Maine Listings
MLS Number: 1614415
APN: BANG-000030-000000-000005
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