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Commercial SaleMulti FamilyMEBangor0440172-74 Third Street, Bangor, ME, 04401

72-74 Third Street, Bangor, ME, 04401

72-74 Third Street, Bangor, ME, 04401
$1,289,900
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Basics

  • Date added: Added 2 months ago
  • Category:
  • Type:
  • Status:
  • Bathrooms: 0
  • Lot size: 0.21 sq ft
  • Year built: 1880
  • Lot Size Acres: 0.21 acres
  • Zoning: 14 Urban Res Dist 2
  • Business Type: Commercial
  • County: Penobscot
  • MLS ID: 1644945

Description

  • 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.

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Location

Building Details

  • Building Area Total: 12418 sq ft
  • Construction Materials: Stone, Brick, Wood Frame
  • Sewer: Public Sewer
  • Heating: Hot Water, Heat Pump, Baseboard
  • Stories: 3
  • Roof: Fiberglass, Shingle, Tar/Gravel
  • Levels: Multi-Level
  • Basement: , ,

Amenities & Features

  • Electric: Circuit Breakers
  • Flooring: Wood, Vinyl, Tile
  • Parking Features: 5 - 10 Spaces, On Site, Off Street
  • WaterSource: Public
  • Lot Features: Public Transport Access, Near Turnpike/Interstate, Bus Line, Near Shopping
  • Cooling: Heat Pump

Fees & Taxes

  • Gross Income: $137,340

Courtesy of

  • List Office Name: Realty of Maine

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Mobile: 207-404-3368
Office: 207-942-6310

458 Main Street
Bangor, ME
LICENSE #BA928013
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