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This premier multi-unit property offers a strategic blend of stable cash flow and significant value-add potential in the heart of Bangor. The upper level features a reliable, long-term tenant with an exemplary history, while the recently renovated lower level, requiring only minor finishing touches, is perfect for immediate owner-occupancy or a premium rental. Investors will benefit from day-one equity growth as current rents are well below market value and already feature approval for Section 8 increases. Beyond the interior's potential for forced appreciation, the property is situated directly on the natural gas line; converting the current oil-fired boiler to natural gas allows a free hookup from Bangor Gas, drastically reducing overhead and maximizing monthly margins. Unrivaled in convenience, this asset is within walking distance of the Waterfront, the Cross Center, and downtown dining, while sitting on a major bus route. Do not miss this chance to secure a high-performance asset in an optimal location.
Property Type(s):
Multi Family
| Last Updated | 5/19/2026 | Year Built | 1900 |
|---|---|---|---|
| County | Penobscot |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Water Heater |
| BASEMENT | Dirt Floor, Full, Interior Entry, Sump Pump, Unfinished, Yes |
| CONSTRUCTION | Frame, Vinyl Siding |
| HEAT | Forced Air, Oil |
| LOT | 3920 sq ft |
| LOT DESCRIPTION | Level, Near Golf Course, Near Public Transit |
| LOT DIMENSIONS | 0.09 |
| MLS STATUS | Active |
| PARKING | Common, Gravel |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Colonial |
| TAXES | 3024 |
| UTILITIES | Propane |
| WATER | Public |
Listing provided by ERA Dawson-Bradford Co.
Listing data is derived in whole or in part from the Maine IDX & is for consumers'' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.© 2026 Maine Real Estate Information System, Inc. All Rights Reserved. 
Additional school data provided by Onboard Informatics © 2026 Onboard Informatics. Information deemed reliable but not guaranteed.
Mortgage Calculator provided by Diverse Solutions © 2026
IDX data provided by Market Leader, courtesy of Maine Listings.
This IDX solution is (c) Diverse Solutions 2026.
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