$1,289,900

Estimated payment $7,411/month

Total Views 3,503
-- Bed
8 Baths
12,418 Sq Ft
$104 Price per Sq Ft

Highlights

  • Wood Flooring
  • No HOA
  • Baseboard Heating
  • 3 Fireplaces
  • Cooling Available
  • 5-minute walk to Second Street Park

About This Home

A rare and impressive opportunity to own an 8-unit multi-family in the historic heart of Bangor, offering strong upside for either an investor or future owner-occupant. This stately brick property features a well-balanced unit mix — five 1-bedroom units, one 2-bedroom unit, and two expansive 3-bedroom penthouse-style apartments — providing excellent versatility and strong market demand across multiple rental demographics. Inside, the building showcases a thoughtful combination of preserved period details and modern enhancements. Original woodwork and architectural character remain intact, complemented by beautifully updated interiors. Each unit features granite-appointed kitchens with stainless-steel appliances, custom-tiled baths with quality finishes, solid oak flooring, and newer windows, creating a warm and refined living environment that sets the building apart from typical rental stock. Behind the scenes, all major building systems have been responsibly upgraded — including new plumbing throughout, a complete electrical overhaul with upgraded service entrance, and a full roof system replacement in 2019. Additionally, extensive repointing of the brick exterior enhances structural longevity and curb appeal. The property also offers a generous off-street parking area to the rear of the building, accommodating all units — a significant advantage in an in-town location. With 100% occupancy, long-term responsible tenants, and a very strong rental history, this building represents a stable and turnkey addition to any real estate portfolio. Its proximity to downtown Bangor provides walkable access to shops, restaurants, entertainment, public transportation, and employment centers — supporting ongoing tenant retention and future rental rate potential. This property truly delivers the best of both worlds: architectural charm and durability, coupled with modern amenities and secure income performance. Rent roll and financials available upon request.

Listing Agent

Kortnie Mullins

Realty of Maine Listed on: 12/02/2025

Realty of Maine

Co-Listing Agent

Renee Hudgens Kortnie Mullins

Realty of Maine

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,080

Year Built

  • Built in 1880

Lot Details

  • 9,148 Sq Ft Lot

Home Design

  • Shingle Roof
  • Tar and Gravel Roof
  • Fiberglass Roof

Interior Spaces

  • 8 Full Bathrooms
  • 3-Story Property
  • 3 Fireplaces
  • Exterior Basement Entry

Flooring

  • Wood
  • Tile
  • Vinyl

Utilities

  • Cooling Available
  • Heat Pump System
  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Tax Lot 209
  • Assessor Parcel Number 72-74ThirdStreetBangor04401

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Building Details

  • Operating Expense $26,864
  • Gross Income $137,340

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,080

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.21
  • Co List Office Phone: 207-942-6310
  • MLS Status: Active
  • Directions: GPS
  • Above Grade Finished Sq Ft: 10758.0
  • Architectural Style: Other
  • Garage Yn: No
  • Unit Levels: Multi-Level
  • Building Stories: 3
  • Year Built: 1880
  • Contract Information:List PriceSqFt: 119.9
  • Property Information:Seasonal: No
  • Water Info:Water View2: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Exterior Entry
  • Full Bathrooms: 8
  • Below Grade Sq Ft: 1660.0
  • Fireplaces: 3
  • Fireplace: Yes
  • Flooring: Tile, Vinyl, Wood
  • Stories: 3

Exterior Features

  • Waterfront: No
  • Roof: Fiberglass, Shingle, Tar/Gravel

Garage/Parking

  • Attached Garage: No

Utilities

  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Baseboard, Heat Pump, Hot Water
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On, Pole
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 9147.6
  • Parcel #: 72-74ThirdStreetBangor04401
  • Zoning: 14 Urban Res Dist 2

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 137340.0
  • Annual Operating Expense: 26864.0

Tax Info

  • Tax Annual Amount: 8080.0
  • Tax Lot: 209

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 $8,299 $447,400 $18,800 $428,600
2023 $7,470 $390,100 $18,800 $371,300
2022 $7,438 $364,600 $18,800 $345,800
2021 $7,520 $337,200 $17,500 $319,700
2020 $7,269 $313,300 $16,600 $296,700
2019 $7,130 $310,000 $16,600 $293,400
2018 $6,717 $292,700 $16,200 $276,500
2017 $6,197 $271,600 $14,800 $256,800
2016 $6,269 $278,600 $14,800 $263,800
2015 $5,953 $271,200 $14,800 $256,400
2014 $5,821 $267,000 $14,800 $252,200
2013 $5,129 $246,600 $14,300 $232,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/02/2025 12/02/25 For Sale $1,289,900 -- $104 / Sq Ft
Source: Maine Listings

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Warranty Deed -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $919,200 Stand Alone Refi Refinance Of Original Loan
Closed $919,200 Stand Alone Refi Refinance Of Original Loan
Previous Owner $275,000 Commercial
Source: Public Records

Source: Maine Listings

MLS Number: 1644615

Maine Listings

APN: BANG-000034-000000-000209