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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
5
Property Type
Multi-Family
MLS ®
1644615
Year Built
1880
Total Square Footage
12,418
Lot/Acreage
0.21
County
Penobscot
Interior Details
- Bedrooms: 0
- Bathrooms: 8 Full
- Appliances:
- Air Cond: Heat Pump
- Heating: Hot Water,Heat Pump,Baseboard
- Fireplaces: 3
- Floor:
- Above Ground Sq Ft: 10758
- Below Ground Sq Ft: 1660
- Basement: Walk-Out Access,Finished,Full,Exterior Only
- Other: 1st Floor Bedroom,1st Floor Primary Bedroom w/Bath,Shower
- Water: Public
Exterior Details
- Lot Description: Open,Level,Intown,Near Golf Course,Near Shopping,Near Turnpike/Interstate,Neighborhood,Near Public Transit
- Garage Capacity: N/A
- Zoning: 14 Urban Res Dist 2
- Roof: Fiberglass,Shingle,Tar/Gravel
- Others:
- Sewer: Public Sewer
- Parking Features: 5 - 10 Spaces,Gravel,Common,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
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Questions About..
7274 72-74 Third St Bangor, ME 04401
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