Seller's Agent in 2025
Tricia Largay
Realty of Maine
(207) 852-0397
21 in this area
177 Total Sales
74 Court St Bangor, ME 04401
West Bangor Neighborhood
--
Bed
16
Baths
2,300
Sq Ft
0.26
Acres
Highlights
- Colonial Architecture
- Tile Flooring
- Open Lot
- No HOA
- Hot Water Heating System
- 3-minute walk to Coe Park
About This Home
As of September 2025This 16-unit residential apartment building, located in Bangor, Maine, offers a remarkable investment opportunity in a desirable area. The property is conveniently situated on a bus route and is within walking distance to downtown Bangor, where residents can enjoy shopping, restaurants, and various amenities. Featuring off-street parking, the building has undergone numerous updates, including upgraded wiring, new Brewer vinyl siding, and fresh flooring and paint in all common areas. Additionally, new fire-rated exterior doors were installed, and the front roof was replaced in 2024, ensuring structural integrity and safety.
The property consists of 16 total units, with 8 of them equipped with high-output baseboard heaters. Many units have also been enhanced with updated kitchenettes and appliances, making them appealing to prospective tenants. The building maintains a low vacancy rate and generates strong cash flow, making it a rare find in the market with 16 units contained within a single structure.
Situated in the heart of Penobscot County, Bangor is a vibrant city known for its rich history and cultural significance. The area provides a blend of urban conveniences and natural beauty, featuring a variety of shopping venues, diverse dining options, and ample access to outdoor activities. This strong community atmosphere, along with Bangor's strategic location, positions it as an attractive market for multi-family investments.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,796
Year Built
- Built in 1880
Lot Details
- 0.26 Acre Lot
- Open Lot
Parking
- Gravel Driveway
Home Design
- 2,300 Sq Ft Home
- Colonial Architecture
- Wood Frame Construction
- Metal Roof
- Vinyl Siding
Flooring
- Tile
- Vinyl
Unfinished Basement
- Walk-Out Basement
- Exterior Basement Entry
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Hot Water Heating System
- Electric Water Heater
Additional Features
- 16 Full Bathrooms
- City Lot
Listing and Financial Details
- Tax Lot 036
- Assessor Parcel Number 7476courtstreetbangor04401
Community Details
Overview
- No Home Owners Association
- 16 Units
Building Details
- Operating Expense $60,665
- Gross Income $167,972
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 13, 2025
Closed on
Sep 30, 2025
Sold by
Mccue Jesse and Cook Paul
Bought by
Walnut Street Co Llc
Seller's Agent
Tricia Largay
Realty of Maine
Buyer's Agent
Tricia Largay
Realty of Maine
List Price
$1,095,000
Sold Price
$1,023,500
Premium/Discount to List
-$71,500
-6.53%
Views
10
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-87.17%
Purchase Details
Closed on
Dec 31, 2012
Sold by
Jwc Props Llc
Bought by
C & M Invst Group Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,000
Interest Rate
3.38%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 19, 2008
Sold by
R & A Cross Llc
Bought by
Jwc Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Interest Rate
5.75%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 15, 2007
Sold by
Kirkpatrick Gertrude L
Bought by
R & A Cross Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
6.19%
Mortgage Type
Commercial
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 |
|---|---|---|---|
| Quit Claim Deed | $1,023,500 | -- | |
| Warranty Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $335,000 | Commercial | |
| Previous Owner | $352,000 | Commercial | |
| Previous Owner | $15,000 | Commercial | |
| Previous Owner | $110,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/30/2025 09/30/25 | Sold | $1,023,500 | -6.5% | $445 / Sq Ft |
| 08/13/2025 08/13/25 | For Sale | $1,095,000 | -- | $476 / 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 | $5,758 | $310,400 | $20,900 | $289,500 |
| 2023 | $5,473 | $285,800 | $20,900 | $264,900 |
| 2022 | $5,173 | $253,600 | $20,900 | $232,700 |
| 2021 | $5,158 | $231,300 | $19,300 | $212,000 |
| 2020 | $5,027 | $216,700 | $18,400 | $198,300 |
| 2019 | $4,931 | $214,400 | $18,400 | $196,000 |
| 2018 | $4,668 | $203,400 | $17,900 | $185,500 |
| 2017 | $4,289 | $190,200 | $16,400 | $173,800 |
| 2016 | $4,370 | $194,200 | $16,400 | $177,800 |
| 2015 | $4,155 | $189,300 | $16,400 | $172,900 |
| 2014 | $4,059 | $186,200 | $16,400 | $169,800 |
| 2013 | $3,852 | $185,200 | $15,800 | $169,400 |
Source: Public Records
Agents Affiliated with this Home
-
Tricia Largay
-
Paul Cook
Seller Co-Listing Agent in 2025
Paul Cook
Realty of Maine
(207) 942-8003
7 in this area
30 Total Sales
Map
Source: Maine Listings
MLS Number: 1634182
APN: BANG-000041-000000-000036
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