72-74 Third ST, Bangor, ME 04401
72-74 Third ST, Bangor, ME 04401
72-74 Third ST, Bangor, ME 04401
72-74 Third ST, Bangor, ME 04401
72-74 Third ST, Bangor, ME 04401
72-74 Third ST, Bangor, ME 04401
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Listed by Kortnie Mullins Realty of Maine
$ 1,279,900
Est. payment | /mo

8 Baths

12,418 SqFt


Save
$ 1,279,900
Est. payment | /mo
Save

8 Baths

12,418 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 12,418 sqft

Price per Sqft $103

MLS Listing ID 1644615

Full Baths 8

HOA Y/N No

Year Built 1880

Tax Year 2026

Lot Size 9,147 Sqft

Acres 0.21

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

Direction GPS

Rooms

Basement Exterior Entry, Walk-Out Access, Finished, Full

Interior

Interior Features 1st Floor Bedroom, 1st Floor Primary Bedroom w/Bath, Shower

Heating Electric, Gas Natural, Baseboard, Heat Pump, Hot Water

Cooling Heat Pump

Flooring Tile, Vinyl, Wood

Fireplaces Number 3

Fireplace Yes

Laundry Laundry - Coin

Exterior

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

Roof Type Fiberglass,Shingle,Tar/Gravel

Garage No

Building

Lot Description Intown, Near Golf Course, Near Shopping, Near Turnpike/Interstate, Neighborhood, Level, Open Lot, Near Public Transit

Story 3

Entry Level Multi-Level

Water Public

Architectural Style Other

Level or Stories 3

Others

Tax ID 72-74ThirdStreetBangor04401

Maine MLS (MREIS) IDX

Schools and Properties Nearby

Daniel Picard

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72-74 Third ST