16 Walter St Bangor, ME 04401
West Bangor NeighborhoodEstimated payment $1,686/month
Highlights
- Colonial Architecture
- Property is near golf course, public transit, and shops
- Forced Air Heating System
- Deck
- Wood Flooring
- Level Lot
About This Home
This premier multi-unit property offers a strategic blend of stable cash flow and significant value-add potential in the heart of Bangor. The upper level features a reliable, long-term tenant with an exemplary history, while the recently renovated lower level, requiring only minor finishing touches, is perfect for immediate owner-occupancy or a premium rental. Investors will benefit from day-one equity growth as current rents are well below market value and already feature approval for Section 8 increases. Beyond the interior's potential for forced appreciation, the property is situated directly on the natural gas line; converting the current oil-fired boiler to natural gas allows a free hookup from Bangor Gas, drastically reducing overhead and maximizing monthly margins. Unrivaled in convenience, this asset is within walking distance of the Waterfront, the Cross Center, and downtown dining, while sitting on a major bus route. Do not miss this chance to secure a high-performance asset in an optimal location.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,024
Year Built
- Built in 1900
Lot Details
- 3,920 Sq Ft Lot
- Property fronts a freeway
- Level Lot
Home Design
- Colonial Architecture
- Brick Foundation
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 2 Full Bathrooms
- 2,008 Sq Ft Home
- 2-Story Property
- Washer Hookup
Flooring
- Wood
- Linoleum
Unfinished Basement
- Basement Fills Entire Space Under The House
- Brick Basement
- Interior Basement Entry
- Sump Pump
- Dirt Floor
Parking
- Common or Shared Parking
- Gravel Driveway
Outdoor Features
- Deck
Location
- Property is near golf course, public transit, and shops
- City Lot
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Oil
Listing and Financial Details
- Tax Lot 141
Community Details
Overview
- 2 Units
Pet Policy
- Pets Allowed
Building Details
- Operating Expense $17,044
- Gross Income $29,210
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $3,089 | $167,700 | $9,300 | $158,400 |
| 2024 | $3,024 | $157,500 | $9,300 | $148,200 |
| 2023 | $2,735 | $142,800 | $9,300 | $133,500 |
| 2022 | $2,444 | $119,800 | $9,300 | $110,500 |
| 2021 | $2,310 | $103,600 | $8,600 | $95,000 |
| 2020 | $2,269 | $97,800 | $8,600 | $89,200 |
| 2019 | $2,157 | $93,800 | $8,600 | $85,200 |
| 2018 | $2,017 | $87,900 | $8,600 | $79,300 |
| 2017 | $2,034 | $90,200 | $8,600 | $81,600 |
| 2016 | $2,034 | $90,400 | $8,600 | $81,800 |
| 2015 | $1,984 | $90,400 | $8,600 | $81,800 |
| 2014 | $1,940 | $89,000 | $8,600 | $80,400 |
| 2013 | $1,851 | $89,000 | $8,600 | $80,400 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/19/2026 05/19/26 | For Sale | $259,900 | +126.0% | $129 / Sq Ft | |
| 07/09/2021 07/09/21 | Sold | $115,000 | -27.7% | $56 / Sq Ft | View Prior Sale |
| 06/17/2021 06/17/21 | Pending | -- | -- | -- | |
| 05/19/2021 05/19/21 | For Sale | $159,000 | -- | $77 / Sq Ft |
Source: Maine Listings
MLS Number: 1662774
APN: BANG-000025-000000-000141
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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