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About the Listing 2165 - 016048,024202
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.
Listing Highlights
Status
Active
Days on Site
19
Property Type
Commercial Sale
MLS ®
1644945
Year Built
1880
Total Square Footage
12,418
Lot/Acreage
0.21
County
Penobscot
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Heat Pump
- Heating: Hot Water,Heat Pump,Baseboard
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Walk-Out Access,Finished,Full
- Other:
- Water: Public
Exterior Details
- Lot Description: Public Transport Access,Near Turnpike/Interstate,Bus Line,Near Shopping
- Garage Capacity: N/A
- Zoning: 14 Urban Res Dist 2
- Roof: Fiberglass,Shingle,Tar/Gravel
- Others:
- Sewer: Public Sewer
- Parking Features: 5 - 10 Spaces,On Site,Off Street
Financial Details
- Tax Amount: $8,080
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
Monthly Payment
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- in Taxes
Years
% Down Payment
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Questions About..
7274 72-74 Third St Bangor, ME 04401
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