Bangor Multifamily Investment
72-74 Third Street, Bangor, ME 04401
MULTI_FAMILY - Bangor, ME
Property size:
12,418 SFLot size:
0.21 AcresPrice / SF:
$103/SF- Added:
- Mar 30, 2026
- Days on Market:
- 45
- Last Refresh:
- May 13 at 7:06 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 1, Bathroom 5, Bathroom 2, Basement, Bathroom 3, Bathroom 6, Bathroom 4, Bathroom 8, Bathroom 7
- 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
- Electric (Heating), Heat Pump (Heating), Natural Gas, Baseboard, Hot Water(Heating)
- Cooling system
- Heat Pump
- Water source
- Public
Building Details
- Year built
- 1880
- Floors in Building
- 3
- Number of units
- 8
- Flooring type
- Tile, Vinyl, Wood
- Building materials
- Stone, Wood Frame, Brick
- Roof type
- Shingle, Tar/Gravel, Fiberglass
Listing agent Kortnie Mullins (207) 991-4924
Listing office Realty of Maine 458 Main Street, Bangor, ME (207) 942-6310
Listing date Mar 30, 2026
MLS# 1644615
Listing URL
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.
HighLights
- Strong income performance with 100% occupancy and long‑term tenants.
- Prime location in the historic heart of Bangor, offering walkable access to downtown amenities.
- Mix of unit types provides versatility.
- Major building systems upgraded, including new plumbing, electrical overhaul, and roof replacement (2019).
- Updated interiors with granite kitchens, stainless steel appliances, custom‑tiled baths, and solid oak flooring.
- Off‑street parking accommodates all units.
Overview
Located in the historic heart of Bangor, this eight-unit multifamily property presents an investment opportunity. The brick building features a mix of five 1-bedroom units, one 2-bedroom unit, and two 3-bedroom penthouse-style apartments. The interiors combine preserved period details with modern enhancements, including original woodwork and updated kitchens with granite countertops and stainless-steel appliances. The bathrooms feature custom tile and quality finishes, and the units have solid oak flooring and newer windows. Major building systems have been upgraded, including 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 has a strong rental history. It is located near downtown Bangor, providing walkable access to shops, restaurants, entertainment, public transportation, and employment centers. The property is zoned 14 Urban Res Dist 2 and has a lot size of 0.21 acres. The building size is 12418 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Bangor
- County
- Penobscot
- State
- Maine
- Longitude
- -68.778389
- Latitude
- 44.798237
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Eight-unit multifamily property in Bangor's historic heart with modern upgrades.
Where is this apartment building located?
The property is located at 72-74 Third Street 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: Strong income performance with 100% occupancy and long‑term tenants.; Prime location in the historic heart of Bangor, offering walkable access to downtown amenities.; Mix of unit types provides versatility.
