Description
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.
Details
| MLS # | 1644615 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1880 |
| Days On Site | 299 |
| Listing Provided By | Realty of Maine | Kortnie Mullins |
Features
| Bath(s) | 8 Total |
|---|---|
| SQ Feet | 12,418 |
| Basement | Y |
| Story(s) | 3 |
| Units | 8 |
| Zoning | 14 Urban Res Dist 2 |
| Acreage | 0.21 |
| Golf Course | Yes |
Interior
| Interior Features | 1st Floor Bedroom, 1st Floor Primary Bedroom w/Bath, Shower |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Cooling | Heat Pump |
| Fireplaces Total | 3 |
| Fireplace Yes / No | Yes |
| Laundry Features | Laundry - Coin |
| Amenities Co Amenities | 1st Floor Bedroom, 1st Floor Primary Bedroom w/Bath, Laundry - Coin, Shower |
Exterior
| Roof | Fiberglass, Shingle, Tar/Gravel |
|---|---|
| Lot Features | Intown, Near Golf Course, Near Shopping, Near Turnpike/Interstate, Neighborhood, Level, Open Lot, Near Public Transit |
| Construction Materials | Wood Frame, Stone, Brick |
| Exterior Co Exterior | Brick |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | No |
| Parking Features | Common, Gravel, 5 - 10 Spaces, On Site, Off Street |
Utilities
| Sewer | Public Sewer |
|---|---|
| Electric | Circuit Breakers |
Taxes
| Tax Annual Amount | 8080 |
|---|---|
| Tax Book Number | 17356 |
| Tax Year | 2026 |
| Tax Lot | 209 |
| Tax Map Number | 34 |
Area Information
| State | ME |
|---|---|
| County | Penobscot |
| City | Bangor |
| Zip Code | 04401 |
| Area | Penobscot |
| Listing VS Median (in 04401) | |
Price: $1,279,900 low | high Med: $342,450 sqft: 12,418 low | high Med: 1,596 $ / sqft: $103 low | high Med: $215 On site: 299 low | high Med: 50 | |
Market Activity 04401
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Learn More About This Property
| State | ME |
|---|---|
| County | Penobscot |
| City | Bangor |
| Zip Code | 04401 |
| Area | Penobscot |
| Listing VS Median (in 04401) | |
Price: $1,279,900 low | high Med: $342,450 sqft: 12,418 low | high Med: 1,596 $ / sqft: $103 low | high Med: $215 On site: 299 low | high Med: 50 | |