$339,000
UNDER CONTRACT

26 Otis St Bangor, ME 04401

Central Bangor Neighborhood

Estimated payment $2,074/month

Total Views 11,060
-- Bed
3 Baths
1,948 Sq Ft
$174 Price per Sq Ft

Highlights

  • Colonial Architecture
  • No HOA
  • Coin Laundry
  • Fruit Street School Rated 10
  • Baseboard Heating
  • Level Lot

About This Home

Prime Investment Opportunity in Bangor! Unlock the potential of this well-maintained, income-generating property featuring three one-bedroom units in a desirable location. With two long-term tenants already in place, enjoy immediate rental income with room for future growth. Conveniently situated within walking distance to the hospital and near shopping, dining, and major employment centers, this property attracts tenants seeking accessibility and convenience. Whether you're expanding your portfolio or starting your investment journey, this multi-unit home is a smart choice. Don't miss out—schedule your private showing today!

Listing Agent

Tammy S. Shari G TammySmith ShariGarland

Signature Group Real Estate Listed on: 04/04/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,589

Year Built

  • Built in 1900

Lot Details

  • 10,454 Sq Ft Lot
  • Level Lot

Home Design

  • Colonial Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding
  • Clap Board Siding
  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 3 Full Bathrooms
  • 1,948 Sq Ft Home
  • Multi-Level Property

Flooring

  • Carpet
  • Laminate
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • Gravel Driveway
  • On-Site Parking

Location

  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Natural Gas Not Available
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 208
  • Assessor Parcel Number BANG-000054-000000-000208

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Ldr Subdivision

Amenities

  • Coin Laundry

Building Details

  • Operating Expense $13,254
  • Gross Income $28,261

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,589

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.24
  • Road Surface Type: Paved
  • MLS Status: Active Under Contract
  • Subdivision Name: LDR
  • Directions: From State Street in Bangor, turn onto Otis. Home is on the left. Sign is up.
  • Above Grade Finished Sq Ft: 1948.0
  • Architectural Style: Other, Colonial
  • Garage Yn: No
  • Unit Levels: Multi-Level
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.24
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 1948.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat System:Baseboard: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Roof:Metal: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 3
  • Exterior:Clapboard: Yes
  • Income Expenses Gross Income: 28261.0
  • Income Expenses Operating Expenses: 13254.48
  • Parking:On Site2: Yes
  • Exterior:Wood Siding: Yes
  • Style:Colonial: Yes
  • Property Information:Short Sale Continue to Show: No
  • Driveway:Gravel: Yes
  • Washer/Dryer Other Location: Yes
  • Amenities:Laundry - Coin: Yes
  • Levels:Multi-Level3: Yes
  • Special Features: 4224
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Interior, Full, Unfinished
  • Full Bathrooms: 3
  • Flooring: Vinyl, Laminate, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Other Location, Level, Intown
  • Waterfront: No
  • Construction Type: Wood Siding, Clapboard, Wood Frame
  • Foundation Details: Other, Concrete Perimeter
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Gravel, On Site

Utilities

  • Laundry Features: Laundry - Coin
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 10454.4
  • Parcel #: BANG-000054-000000-000208
  • Zoning: Urb Res

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 28261.0
  • Annual Operating Expense: 13254.48

Tax Info

  • Tax Annual Amount: 3589.0
  • Tax Lot: 208
  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $3,589 $193,500 $28,300 $165,200
2023 $3,397 $177,400 $28,300 $149,100
2022 $3,101 $152,000 $28,300 $123,700
2021 $3,084 $138,300 $26,200 $112,100
2020 $2,596 $111,900 $26,200 $85,700
2019 $2,466 $107,200 $26,200 $81,000
2018 $2,329 $101,500 $26,200 $75,300
2017 $2,289 $101,500 $26,200 $75,300
2016 $2,241 $99,600 $26,200 $73,400
2015 $2,186 $99,600 $26,200 $73,400
2014 $2,121 $97,300 $26,200 $71,100
2013 $2,122 $102,000 $26,200 $75,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/04/2025 04/04/25 For Sale $339,000 -- $174 / Sq Ft
Source: Maine Listings

Source: Maine Listings

MLS Number: 1618033

Maine Listings

APN: BANG-000054-000000-000208

Maine Penobscot County Bangor 04401 Central Bangor

26 Otis St, Bangor, ME

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Signature Group Real Estate
(207) 386-9031