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Adam Dow

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

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372 Old County Rd , Hampden, ME 04444
$499,900
Est. Payment: $2,579.27/mo
0 Bed
4 Bath
2400 Sqft
Status: active | Days on site: 37
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

A rare opportunity to own a completely transformed income-producing property just minutes from Bangor's vibrant Waterfront Concerts and Hollywood Casino. Formerly an industrial building, this property has been meticulously converted into an upscale, single-level three-unit apartment complex with virtually every major component replaced or upgraded. The extensive renovation includes all new radiant heating, natural gas boiler, plumbing, electrical systems, sewer line, roof, siding, windows, kitchens bath and much more, creating a low-maintenance, simple turnkey investment for years to come without headaches. The thoughtfully designed units offer modern finishes, efficient layouts, and strong tenant appeal. The property consists of: One 1-bedroom unit renting for $950/month One 1-bedroom unit renting for $1,100/month One spacious 2-bedroom, 2-bath unit with in-unit laundry renting for $1,800/month Additional income potential is generated through the on-site coin-operated laundry facility. Tenants pay their own electricity, helping keep operating expenses low. Natural gas runs at a very low cost, averaging around $1,000 a winter and each unit is equipped with its own heat pump! Located just a short distance from Bangor's popular waterfront concerts, restaurants, breweries, and entertainment venues, this property presents excellent potential for continued long-term rental income or future short-term rental/Airbnb opportunities (subject to local regulations). Whether you're an investor seeking strong cash flow, a portfolio addition with significant capital improvements already completed, or someone looking for a unique property with versatile income potential.

Highlights

Listed by Jason Fish , 207-664-3888 NextHome Experience , 207-573-7400. Maine Real Estate Information System, Inc. mls logo

Property Type

Multi-Family

Lot/Acreage
0.4

Year Built

1930

County

Penobscot

School District

Rsu 22

Listing ID

1667547

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:4
  • Full Bathrooms:4
Air Cond:Heat Pump
Fireplaces:
Floor:Concrete
Above Ground Sq Ft:2400
Below Ground Sq Ft:0
Basement:Not Applicable,Slab
Other:1st Floor Bedroom
Other:Public

Exterior Features

Lot:Near Shopping,Near Town,Level,Open Lot
Zoning:RES/COM
Roof:Flat,Membrane
Sewer:Public Sewer
Parking Features:Paved,5 - 10 Spaces,On Site,Off Street
Principal Interest
$2,579
Taxes
$188

Home Price

$499,900

Loan Details

30 yrs
6.695%

Down Payment

20%
$99,980
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:
$2,579.27

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,579.27 $188.17 $0.00 $2,767.44
Yearly $30,951.23 $2,258.00 $0.00 $33,209.23
Total $928,537.00 $67,740.00 $0.00 $996,277.00

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 (Hampden, 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.


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Data last updated: 2026-08-02T05:33:23.000Z

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