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Bangor Triplex: Investment Opportunity

15 Grace Court, Bangor, ME 04401

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For Sale

$249,900

MULTI_FAMILY - Other - Bangor, ME

Property size:

1,144 SF

Lot size:

0.07 Acres

Price / SF:

$218/SF

HighLights

3‑unit multi‑family property with 3 bedrooms and 3 full baths total
Current leases set at $700 per unit, generating roughly $25,000 gross per year
2025 expenses were $6,787.63 (natural gas heat/hot water; building share of water/sewer/electric; insurance; property taxes) with NOI over $18,000
Wood frame construction with vinyl siding and a shingle roof; year built 1900
Heating includes natural gas with baseboard and hot water; public water and public sewer
Includes porch and deck, plus a stream waterfront feature

We can help!

Contact an agent

Zachary Arnold

For Sale

$249,900

MULTI_FAMILY - Other - Bangor, ME

Property size:

1,144 SF

Lot size:

0.07 Acres

Price / SF:

$218/SF

Added:: Jun 18, 2026
Days on Market:: 21
Last Refresh:: Jul 8 at 12:06 pm

Property Features for 15 Grace Court

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: URD-1
Bathrooms: 3
Rooms: Bathroom 1, Bathroom 3, Basement, Bathroom 2
Patio and Porch features: Porch, Deck
Interior features: 1st Floor Bedroom
Basement: Sump Pump, Full, Unfinished
Standard status: Active
Size: 1,144 SF
Lot size: 0.07 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Annual Amount: 2669

Utilities

Sewer type: Public Sewer
Heating system: Baseboard, Hot Water(Heating), Natural Gas
Water source: Public
Water front features: Stream

Building Details

Year built: 1900
Floors in Building: 3
Number of units: 3
Flooring type: Laminate, Linoleum, Carpet, Vinyl
Building materials: Wood Frame, Vinyl Siding
Roof type: Shingle
Architectural style: Other

We can help!

Contact an agent

Zachary Arnold

Listing agent Zachary Arnold

Listing office Realty of Maine 458 Main Street, Bangor, ME

Listing date Jun 18, 2026

MLS# 1662790 Listing URL

HighLights

3‑unit multi‑family property with 3 bedrooms and 3 full baths total
Current leases set at $700 per unit, generating roughly $25,000 gross per year
2025 expenses were $6,787.63 (natural gas heat/hot water; building share of water/sewer/electric; insurance; property taxes) with NOI over $18,000
Wood frame construction with vinyl siding and a shingle roof; year built 1900
Heating includes natural gas with baseboard and hot water; public water and public sewer
Includes porch and deck, plus a stream waterfront feature

Overview

This 1,144 square foot multi-family property, located in Bangor, Maine, features three residential units. The property, situated on a 0.07-acre lot, is zoned URD-1. The unit composition includes a total of three bedrooms and three full baths across the three units. The owner chose not to fill the 3rd unit for listing, but has had all 3 units filled and had interest in the current unit. Leases are currently below market value at 700 USD per unit, generating roughly 25,000 USD gross per year. Expenses for 2025 were 6,787.63 USD, including natural gas for heat and hot water for all tenants, the building share of water, sewer, electric, insurance, and property taxes, resulting in an NOI of over 18,000 USD. This property presents an opportunity for either an owner-occupied residence to offset a mortgage or a turnkey addition to an investment portfolio in a high-demand rental market. The established rental history and the opportunity to optimize the 3rd unit offer potential for maximum economic performance.

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

Map
Local Demand

City: Bangor
County: Penobscot
State: Maine
Longitude: -68.783279
Latitude: 44.810683

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For sale
Triplexes
ME
Bangor
04401
15 Grace Court

What type of property is this?

Triplex - Versatile 3-unit property in Bangor's high-demand rental market.

Where is this triplex located?

The property is located at 15 Grace Court Bangor, ME.

What is the asking price?

The asking price for this property is $249,900.

What are key features of this property?

This property features: 3‑unit multi‑family property with 3 bedrooms and 3 full baths total; Current leases set at $700 per unit, generating roughly $25,000 gross per year; 2025 expenses were $6,787.63 (natural gas heat/hot water; building share of water/sewer/electric; insurance; property taxes) with NOI over $18,000

15 Grace Court, Bangor, ME 04401

MULTI_FAMILY - Other - Bangor, ME

Property Features for 15 Grace Court

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Live-Work Medical Office Property

Corner Retail and Office Building

Passive Solar Office and Medical Building

Three-Story Office Building with Fireplaces

Multi-Suite Professional Office Building

Assisted Living Group Home

Historic Office Condo

Historic Mixed-Use Office Building

16-Unit Apartment Building

Brick 8-Unit Apartment Building

High-Visibility Commercial Building in Bangor

Mixed-Use Double House Income Property

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