72-74 Third Street, Bangor, ME 04401
MULTI_FAMILY - Bangor, ME
- Added:
- Jun 15, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 16 at 3:06 pm
Property Features for 72-74 Third Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- 14 Urban Res Dist 2
- Bathrooms
- 8
- Rooms
- Bathroom 2, Bathroom 3, Bathroom 7, Bathroom 6, Bathroom 5, Basement, Bathroom 1, Bathroom 8, Bathroom 4
- Parking features
- Off Street
- Interior features
- 1st Floor Bedroom, 1st Floor Primary Bedroom w/Bath, Shower
- Basement
- Walk-Out Access, Finished, Full
- Standard status
- Active
- Size
- 12,418 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 8080
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Electric (Heating), Heat Pump (Heating), Hot Water(Heating), Natural Gas
- Cooling system
- Heat Pump
- Water source
- Public
Building Details
- Year built
- 1880
- Floors in Building
- 3
- Number of units
- 8
- Flooring type
- Vinyl, Tile, Wood
- Building materials
- Stone, Wood Frame, Brick
- Roof type
- Shingle, Fiberglass, Tar/Gravel
Listing agent Kortnie Mullins (207) 991-4924
Listing office Realty of Maine 458 Main Street, Bangor, ME (207) 942-6310
Listing date Jun 15, 2026
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
The property is located in the historic heart of Bangor, Maine, with access to downtown retail, dining, entertainment, public transportation, and employment centers. An off-street parking area to the rear accommodates all units, which is a practical advantage in an in-town setting.
The building’s major systems have been upgraded, including new plumbing throughout, a complete electrical overhaul with an upgraded service entrance, and a full roof replacement in 2019. Extensive repointing of the brick exterior supports structural longevity. The offering is presented with 100% occupancy and long-term responsible tenants, providing a stable operational profile for either an investor or an owner-occupant.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $201.2k | $16.20 |
| − Vacancy | −$10.9k | −$0.87 |
| EGI | $190.3k | $15.33 |
| − OpEx | −$85.6k | −$6.90 |
| NOI | $104.7k | $8.43 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bangor
- County
- Penobscot
- State
- Maine
- Longitude
- -68.778389
- Latitude
- 44.798237
