Description
See child listing as single family residence: 1671323 Unlock substantial value with this versatile 3-unit multi-family property located in the heart of Bangor. Whether you are looking for a savvy owner-occupied residence to offset your mortgage or a turnkey addition to your investment portfolio, this property offers strong economic potential in a high-demand rental market. Unit Composition: 3 residential units totaling 3 bedrooms and 3 full baths. The owner chose not to fill 3rd unit for listing, but has had all 3 units filled and had interest in the current unit. At 700 USD per unit, leases are currently below market value and generate roughly ~25000 USD, gross, per year. Turnkey Portfolio Addition: Benefit from established rental history and the opportunity to optimize the 3rd unit for maximum economic performance. Expenses for 2025 were 6,787.63 USD (natural gas for heat and hot water for all tenants, the building share of water/sewer/electric, insurance and property taxes)--NOI of over 18000! Owner-Occupied Advantage: Use the rental income from two units to significantly offset your mortgage while building equity in a competitive Maine market.
Details
| MLS # | 1662790 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1900 |
| Days On Site | 124 |
| Listing Provided By | Realty of Maine | Zachary Arnold |
Features
| Bath(s) | 3 Total |
|---|---|
| SQ Feet | 1,144 |
| Basement | Y |
| Story(s) | 3 |
| Units | 3 |
| Zoning | URD-1 |
| Acreage | 0.07 |
Interior
| Interior Features | 1st Floor Bedroom |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Cooling | None |
| Furnished | Unfurnished |
| Accessibility Features | 32 - 36 Inch Doors |
| Amenities Co Amenities | 1st Floor Bedroom |
Exterior
| Roof | Shingle |
|---|---|
| Foundation Details | Stone, Poured Concrete, Brick/Mortar |
| Lot Features | Near Shopping, Near Town, Shopping Mall, Rolling Slope |
| Waterfront Features | Nearby, River/Brook/Stream |
| Construction Materials | Wood Frame, Vinyl Siding |
| Patio And Porch Features | Deck, Porch |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | No |
| Parking Features | Paved, 1 - 4 Spaces |
Utilities
| Sewer | Public Sewer |
|---|---|
| Electric | On Site, Circuit Breakers |
Taxes
| Tax Annual Amount | 2669 |
|---|---|
| Tax Book Number | 9456 |
| Tax Year | 2025 |
| Tax Lot | 38 |
| Tax Map Number | 30 |
Area Information
| State | ME |
|---|---|
| County | Penobscot |
| City | Bangor |
| Zip Code | 04401 |
| Area | Penobscot |
| School District | Bangor Public Schools |
| Listing VS Median (in 04401) | |
Price: $249,900 low | high Med: $349,500 sqft: 1,144 low | high Med: 1,294 $ / sqft: $218 low | high Med: $272 On site: 124 low | high Med: 53 | |
Market Activity 04401
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Learn More About This Property
| State | ME |
|---|---|
| County | Penobscot |
| City | Bangor |
| Zip Code | 04401 |
| Area | Penobscot |
| School District | Bangor Public Schools |
| Listing VS Median (in 04401) | |
Price: $249,900 low | high Med: $349,500 sqft: 1,144 low | high Med: 1,294 $ / sqft: $218 low | high Med: $272 On site: 124 low | high Med: 53 | |