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    249 Palm St Bangor, ME 04401

    For Sale
    $279,000

    MULTI_FAMILY - Colonial - Bangor, ME

    Property size:
    1,354 SF
    Lot size:
    0.25 Acres
    Days on Market:
    94
    Last Refresh:
    Dec 5 at 3:06 pm

    Property Features for 249 Palm St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    URD-1
    Rooms
    Basement, Bathroom 2, Bathroom 1
    Pets allowed
    No
    Basement
    Unfinished, Sump Pump
    Size
    1,354 SF
    Lot size
    0.25 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating), Forced Air
    Water source
    Public

    Building Details

    Year built
    1920
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Laminate
    Building materials
    Vinyl Siding, Wood Frame
    Roof type
    Shingle
    Architectural style
    Colonial

    Realty of Maine (207) 942-6310 [email protected]

    Listing agent Matthew Libby (207) 942-6310

    Listing date Sep 3, 2025

    MLS# 1634688 Listing URL

    Copyright © 2025 Maine Real Estate Information System, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Bangor Colonial Multifamily Income Opportunity

    This two-unit multifamily property is located in Bangor, Maine. The building contains one two-bedroom, one-bath unit downstairs and one one-bedroom, one-bath unit upstairs. The property offers an income opportunity, suitable for owner-occupancy, with the potential to live in one unit while renting the other, or to rent both units. The property is conveniently located in town, close to the hospital, shopping, and the interstate, facilitating easy commutes. The lot size is 0.25 acres and the property size is 1354 square feet. The zoning is URD-1.
    Property Profile Location Intelligence

    Current Use by Public Records

    Patriot General Contracting General Contractor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bangor
    County
    Penobscot
    State
    Maine
    Longitude
    -68.764169
    Latitude
    44.81592

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    FAQs

    What type of property is this?
    Duplex - Two-unit property in Bangor, Maine, ideal for owner-occupancy or investment.
    Where is this duplex located?
    The property is located at 249 Palm St Bangor, ME.
    What is the asking price?
    The asking price for this property is $279,000.
    What are key features of this property?
    This property features: - Turnkey two-unit property offering immediate rental income potential.; - Opportunity to live in one unit and rent the other to offset mortgage costs.; - Convenient in-town location near hospital, shopping, and interstate.
    (207) 942-6310
    Request Owner's contact information
    249 Palm St Bangor, ME 04401
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    Bangor, ME 04401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    249 Palm St Bangor, ME 04401
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