Seller's Agent in 2025
Evelyn Conrad
Realty of Maine
(207) 944-9804
20 in this area
151 Total Sales
87 Cumberland St Bangor, ME 04401
Central Bangor Neighborhood
--
Bed
4.5
Baths
3,996
Sq Ft
4,792
Sq Ft Lot
Highlights
- Wood Flooring
- 3 Fireplaces
- Double Pane Windows
- Abraham Lincoln School Rated 10
- No HOA
- Cooling Available
About This Home
As of March 2025Spectacular 4-unit multi-family property, ideally located near NL EMMC and St. Joseph's hospitals. This well-maintained building offers high-end rental potential with a mix of furnished and unfurnished units, perfect for Airbnb, traveling nurses, or long-term tenants. A prime investment opportunity with excellent cash flow and strong return potential!
Unit 1 (First Floor): Spacious 3 BR, 1 BA with a private laundry room and granite countertops.
Unit 2 (Second Floor): 2 BR, 1.5 BA, unfurnished.
Units 3 & 4 (Third Floor): Each is a 1 BR, 1 BA unit, fully furnished and move-in ready.
Investment Highlights:
✔ High-income potential with a mix of short- and long-term rental options.
✔ Units 1, 3, and 4 are fully furnished—furnishings negotiable.
✔ Shared coin-operated laundry for Units 2, 3, and 4.
✔ Beautiful hardwood floors throughout most of the building.
✔ Two separate natural gas boilers & designated electric meters.
✔ Prime location within walking distance to downtown restaurants, theater, shopping, and both hospitals. A fantastic opportunity to own a turn-key, income-generating property in a thriving rental market! Schedule your showing today! This will not last long on the market!
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $5,068
Year Built
- Built in 1900
Lot Details
- 4,792 Sq Ft Lot
Home Design
- Flat Roof Shape
Interior Spaces
- 3,996 Sq Ft Home
- 3-Story Property
- 3 Fireplaces
- Double Pane Windows
- Interior Basement Entry
Flooring
- Wood
- Vinyl
Utilities
- Cooling Available
- Radiator
- Baseboard Heating
- Hot Water Heating System
Listing and Financial Details
- Tax Lot 130
- Assessor Parcel Number BANG-000040-000000-000130
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- Operating Expense $23,116
- Gross Income $53,500
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/21/2025 03/21/25 | Sold | $525,000 | 0.0% | $131 / Sq Ft |
| 02/06/2025 02/06/25 | Pending | -- | -- | -- |
| 02/06/2025 02/06/25 | For Sale | $525,000 | -- | $131 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
Agents Affiliated with this Home
-
Evelyn Conrad
-
Ashlee Grindle
Buyer's Agent in 2025
Ashlee Grindle
Realty of Maine
(207) 266-9994
1 in this area
52 Total Sales
Map
Source: Maine Listings
MLS Number: 1613996
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