74-76 Court Street Bangor, ME 04401

Building Details

Year Built

1880

Listing Agency EXP Realty

Listed by Jody Hammond Show Phone

Source Profoundrealestate

Added: Apr 30 Checked: Jul 16 at 11:37 am

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Investment Insights

Based on property information with market context.

This 16-unit residential apartment building offers a straightforward, apartment-style income profile with updates throughout the property. The building includes off-street parking and numerous improvements, including upgraded wiring, newer vinyl siding, fresh flooring and paint in all common areas, and new fire-rated exterior doors. The front roof was replaced in 2024, and new foundation walls were added. Unit features include high-output baseboard heaters in 8 of the 16 units, and several units have updated kitchenettes and appliances. The seller has also added two washers and two dryers for tenants to use onsite.

The property is located in Bangor, Maine, and is conveniently situated on a bus route within walking distance to downtown Bangor, where residents have access to shopping, restaurants, and other amenities.

With all 16 units contained within a single structure, this property is designed for day-to-day residential operation, supported by the current expense profile described by the seller.

Key Highlights

• 16‑unit residential apartment building in Bangor, ME (built in 1880)
• Net operating income of $142,000 +/- annually, with a low vacancy rate and strong cash flow
• Off‑street parking and upgraded wiring, newer vinyl siding, and fresh flooring and paint in all common areas

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FAQs

What type of property is this?

Apartment building - 16-unit residential apartment building with off-street parking and extensive exterior and common-area updates.

Where is this apartment building located?

The property is located at 74-76 Court Street Bangor, ME.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: 16‑unit residential apartment building in Bangor, ME (built in 1880); Net operating income of $142,000 +/- annually, with a low vacancy rate and strong cash flow; Off‑street parking and upgraded wiring, newer vinyl siding, and fresh flooring and paint in all common areas