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Adam Dow

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

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7274 72-74 Third St , Bangor, ME 04401
$1,279,900
Est. Payment: $2,844.22/mo
0 Bed
0 Bath
12418 Sqft
Status: Active | Days on site: 245
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2165 - 016048,024202
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House 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.

Highlights

Listed by Kortnie Mullins , 207-991-4924 and Renee Hudgens Kortnie Mullins , 207-536-8528 Realty of Maine , 207-942-6310.

Property Type

Commercial Sale

Lot/Acreage
0.21

Year Built

1880

County

Penobscot

Listing ID

1644945

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Heat Pump
Fireplaces:
Floor:Tile,Vinyl,Wood
Basement:Walk-Out Access,Finished,Full
Water:Public

Exterior Features

Lot:Bus Line,Near Shopping,Near Turnpike/Interstate,Public Transport Access
Zoning:14 Urban Res Dist 2
Roof:Fiberglass,Shingle,Tar/Gravel
Sewer:Public Sewer
Parking Features:5 - 10 Spaces,On Site,Off Street
Principal Interest
$2,844
Taxes
$673

Home Price

$1,279,900

Loan Details

30 yrs
%

Down Payment

20%
$255,980
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:
$2,844.22

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,844.22 $673.33 $0.00 $3,517.56
Yearly $34,130.67 $8,080.00 $0.00 $42,210.67
Total $1,023,920.00 $242,400.00 $0.00 $1,266,320.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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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.