372 Old County Rd Hampden, ME 04444
Hampden AreaEstimated payment $2,936/month
Highlights
- Contemporary Architecture
- Double Pane Windows
- Property is near shops
- No HOA
- Cooling Available
- Coin Laundry
About This Home
A rare opportunity to own a completely transformed income-producing property just minutes from Bangor's vibrant Waterfront Concerts and Hollywood Casino. Formerly an industrial building, this property has been meticulously converted into an upscale, single-level three-unit apartment complex with virtually every major component replaced or upgraded.
The extensive renovation includes all new radiant heating, natural gas boiler, plumbing, electrical systems, sewer line, roof, siding, windows, kitchens bath and much more, creating a low-maintenance, simple turnkey investment for years to come without headaches. The thoughtfully designed units offer modern finishes, efficient layouts, and strong tenant appeal.
The property consists of:
One 1-bedroom unit renting for $950/month
One 1-bedroom unit renting for $1,100/month
One spacious 2-bedroom, 2-bath unit with in-unit laundry renting for $1,800/month
Additional income potential is generated through the on-site coin-operated laundry facility. Tenants pay their own electricity, helping keep operating expenses low. Natural gas runs at a very low cost, averaging around $1,000 a winter and each unit is equipped with its own heat pump!
Located just a short distance from Bangor's popular waterfront concerts, restaurants, breweries, and entertainment venues, this property presents excellent potential for continued long-term rental income or future short-term rental/Airbnb opportunities (subject to local regulations).
Whether you're an investor seeking strong cash flow, a portfolio addition with significant capital improvements already completed, or someone looking for a unique property with versatile income potential.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,258
Year Built
- Built in 1930
Lot Details
- 17,424 Sq Ft Lot
- Level Lot
- Open Lot
Home Design
- Contemporary Architecture
- Flat Roof Shape
- Slab Foundation
- Poured Concrete
- Steel Frame
- Wood Frame Construction
- Membrane Roofing
- Metal Siding
- Double Stud Wall
Interior Spaces
- 4 Full Bathrooms
- 2,400 Sq Ft Home
- 1-Story Property
- Double Pane Windows
- Concrete Flooring
- Laundry on main level
Parking
- Paved Parking
- On-Site Parking
- Off-Street Parking
Utilities
- Cooling Available
- Heating System Uses Natural Gas
- Heat Pump System
- Radiant Heating System
- High-Efficiency Furnace
- Three-Phase Power
Additional Features
- Energy-Efficient Lighting
- Property is near shops
Listing and Financial Details
- Tax Lot 9
Community Details
Overview
- No Home Owners Association
- 3 Units
Amenities
- Coin Laundry
Building Details
- Operating Expense $6,950
- Gross Income $45,000
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 | $2,258 | $127,940 | $47,070 | $80,870 |
| 2024 | $1,800 | $115,000 | $42,300 | $72,700 |
| 2023 | $1,815 | $94,300 | $34,700 | $59,600 |
| 2022 | $1,710 | $82,600 | $30,400 | $52,200 |
| 2021 | $1,710 | $82,600 | $30,400 | $52,200 |
| 2020 | $1,685 | $82,600 | $30,400 | $52,200 |
| 2019 | $1,667 | $81,700 | $29,500 | $52,200 |
| 2018 | $1,601 | $81,700 | $29,500 | $52,200 |
| 2017 | $1,503 | $81,700 | $29,500 | $52,200 |
| 2016 | $1,474 | $81,000 | $29,000 | $52,000 |
| 2015 | $1,418 | $81,000 | $29,000 | $52,000 |
| 2014 | $1,430 | $81,700 | $29,500 | $52,200 |
| 2013 | $1,360 | $81,700 | $29,500 | $52,200 |
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 |
|---|---|---|---|---|
| 06/17/2026 06/17/26 | For Sale | $499,900 | -- | $208 / Sq Ft |
Purchase 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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available |
Mortgage 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 | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $168,000 | Purchase Money Mortgage |
Source: Maine Listings
MLS Number: 1667547
APN: HAMN-000020-000000-000009
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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