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    72-74 3Rd St Bangor, ME 04401

    New
    For Sale
    $1,289,900

    MULTI_FAMILY - Bangor, ME

    Property size:
    12,418 SF
    Lot size:
    0.21 Acres
    Days on Market:
    2
    Last Refresh:
    Dec 5 at 3:06 pm

    Property Features for 72-74 3Rd St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    14 Urban Res Dist 2
    Rooms
    Basement
    Parking features
    Off Street
    Basement
    Full, Walk-Out Access, Finished
    Size
    12,418 SF
    Lot size
    0.21 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating), Heat Pump (Heating), Baseboard
    Cooling system
    Heat Pump
    Water source
    Public

    Building Details

    Year built
    1880
    Number of units
    8
    Flooring type
    Wood, Tile, Vinyl
    Building materials
    Stone, Brick, Wood Frame
    Roof type
    Fiberglass, Tar/Gravel, Shingle

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

    Listing agent Kortnie Mullins (207) 942-6310

    Listing date Dec 4, 2025

    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 Multifamily Investment Opportunity

    This 8-unit multifamily property is located in the historic heart of Bangor. The brick building features five 1-bedroom units, one 2-bedroom unit, and two 3-bedroom penthouse-style apartments. The units feature granite-appointed kitchens with stainless-steel appliances, custom-tiled baths with quality finishes, solid oak flooring, and newer windows. Original woodwork and architectural character are complemented by updated interiors. Building systems have been upgraded with new plumbing, a complete electrical overhaul with upgraded service entrance, and a full roof system replacement in 2019. The brick exterior has been repointed. A generous off-street parking area is located to the rear of the building. The property is currently 100% occupied with long-term tenants and a strong rental history. It is located in close proximity to downtown Bangor, with walkable access to shops, restaurants, entertainment, public transportation, and employment centers. The lot size is 0.21 acres and the property size is 12418 square feet. The zoning is 14 Urban Res Dist 2.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm 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
    -68.7783386
    Latitude
    44.7982923

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    FAQs

    What type of property is this?
    Apartment building - Eight-unit multifamily property in historic Bangor with modern upgrades.
    Where is this apartment building located?
    The property is located at 72-74 3Rd St Bangor, ME.
    What is the asking price?
    The asking price for this property is $1,289,900.
    What are key features of this property?
    This property features: - Turnkey 8-unit multi-family property in historic Bangor with 100% occupancy and strong rental history.; - Mix of unit sizes caters to diverse tenant demographics.; - **Updated interiors with granite kitchens, stainless steel appliances, custom-tiled baths, and solid oak flooring.**
    (207) 942-6310
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    72-74 3Rd St 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
    72-74 3Rd St Bangor, ME 04401
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