Bangor, ME 04401,72-74 Third ST
Bangor, ME 04401,72-74 Third ST
Bangor, ME 04401,72-74 Third ST
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Craig Priestly

Craig Priestly

+1(207) 387-5416
Listed by Realty of Maine
$1,289,900
12,418 SqFt
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UPDATED:

Key Details

Property Type Commercial Sale

Sub Type Multi Family

Listing Status Active

Square Footage 12,418 sqft

MLS Listing ID 1644945

HOA Y/N No

Year Built 1880

Annual Tax Amount $8,080

Tax Year 2026

Lot Size 9,147 Sqft

Acres 0.21

Property Sub-Type Multi Family

Source Maine Listings

Land Area 12418

Property Description

A rare and impressive opportunity to own an 8-unit multi-family in the historic heart of Bangor, offering strong upside for either an investor or future owner-occupant. This stately brick property features a well-balanced unit mix — five 1-bedroom units, one 2-bedroom unit, and two expansive 3-bedroom penthouse-style apartments — providing excellent versatility and strong market demand across multiple rental demographics. Inside, the building showcases a thoughtful combination of preserved period details and modern enhancements. Original woodwork and architectural character remain intact, complemented by beautifully updated interiors. Each unit features granite-appointed kitchens with stainless-steel appliances, custom-tiled baths with quality finishes, solid oak flooring, and newer windows, creating a warm and refined living environment that sets the building apart from typical rental stock. Behind the scenes, all major building systems have been responsibly upgraded — including new plumbing throughout, a complete electrical overhaul with upgraded service entrance, and a full roof system replacement in 2019. Additionally, extensive repointing of the brick exterior enhances structural longevity and curb appeal. The property also offers a generous off-street parking area to the rear of the building, accommodating all units — a significant advantage in an in-town location. With 100% occupancy, long-term responsible tenants, and a very strong rental history, this building represents a stable and turnkey addition to any real estate portfolio. Its proximity to downtown Bangor provides walkable access to shops, restaurants, entertainment, public transportation, and employment centers — supporting ongoing tenant retention and future rental rate potential. This property truly delivers the best of both worlds: architectural charm and durability, coupled with modern amenities and secure income performance. Rent roll and financials available upon request.

Location

State ME

County Penobscot

Zoning 14 Urban Res Dist 2

Rooms

Basement Walk-Out Access, Finished, Full

Interior

Heating Hot Water, Heat Pump, Baseboard

Cooling Heat Pump

Flooring Wood, Vinyl, Tile

Exterior

Parking Features 5 - 10 Spaces, On Site, Off Street

Utilities Available 1

View Y/N No

Roof Type Fiberglass,Shingle,Tar/Gravel

Building

Lot Description Public Transport Access, Near Turnpike/Interstate, Bus Line, Near Shopping

Story 3

Sewer Public Sewer

Water Public

Structure Type Stone,Brick,Wood Frame

Others

Energy Description Gas Natural, Electric

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Maine MLS (MREIS) IDX

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72-74 Third ST