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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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16 Walter St , Bangor, ME 04401
$259,900
Est. Payment: $1,340.97/mo
0 Bed
2 Bath
2008 Sqft
Status: active | Days on site: 22
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

This premier multi-unit property offers a strategic blend of stable cash flow and significant value-add potential in the heart of Bangor. The upper level features a reliable, long-term tenant with an exemplary history, while the recently renovated lower level, requiring only minor finishing touches, is perfect for immediate owner-occupancy or a premium rental. Investors will benefit from day-one equity growth as current rents are well below market value and already feature approval for Section 8 increases. Beyond the interior's potential for forced appreciation, the property is situated directly on the natural gas line; converting the current oil-fired boiler to natural gas allows a free hookup from Bangor Gas, drastically reducing overhead and maximizing monthly margins. Unrivaled in convenience, this asset is within walking distance of the Waterfront, the Cross Center, and downtown dining, while sitting on a major bus route. Do not miss this chance to secure a high-performance asset in an optimal location.

Highlights

Listed by Richard Kenefic , 207-299-7695 ERA Dawson-Bradford Co. , 207-947-6788. Maine Real Estate Information System, Inc. mls logo

Property Type

Multi-Family

Lot/Acreage
0.09

Year Built

1900

County

Penobscot

Listing ID

1662774

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:2
  • Full Bathrooms:2
Floor:Wood,Hardwood,Linoleum
Above Ground Sq Ft:2008
Below Ground Sq Ft:0
Basement:Interior Entry,Dirt Floor,Full,Sump Pump,Unfinished,Brick/Mortar
Other:Public

Exterior Features

Lot:Intown,Near Golf Course,Near Turnpike/Interstate,Neighborhood,Level,Sidewalks,Near Public Transit
Zoning:Residential
Roof:Shingle
Sewer:Public Sewer
Parking Features:Common,Gravel,5 - 10 Spaces
Principal Interest
$1,341
Taxes
$252

Home Price

$259,900

Loan Details

30 yrs
6.695%

Down Payment

20%
$51,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,340.97

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,340.97 $252.00 $0.00 $1,592.97
Yearly $16,091.67 $3,024.00 $0.00 $19,115.67
Total $482,750.08 $90,720.00 $0.00 $573,470.08

Today's Rates

30 Year

6.7%

20 Year

6.21%

15 Year

6.15%

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Market insight data is pulled from the same city as the listing being viewed (Bangor, ME).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Listing data is derived in whole or in part from the Maine IDX & is for consumers personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.


IDX service by Blueroof 360

Data last updated: 2026-08-02T07:29:11.000Z

© 2026 Maine Real Estate Information System, Inc.

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