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Historic 8-unit Multi-family with Modern Interiors in Bangor

USD $1,289,900
72 3rd Street, Bangor, Maine, 04401, USA
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Property Highlights

  • Historic brick building in downtown Bangor
  • Updated granite kitchens with stainless steel
  • Custom-tiled bathrooms with quality finishes
  • New plumbing and electrical systems
  • Off-street parking for all units
  • Original woodwork with modern upgrades

Overview

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.
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Property Features

72 3rd Street, Bangor, Maine, 04401, USA offers the following features:

Bathrooms: 8 Full
Living Area: 12418sf
Property Type: Residential Multi Family
Status: Active
Reference ID: 1644615

What's Nearby

Local businesses near 72 3rd Street, Bangor, Maine, 04401, USA:

School: < 1 mile
Gym: < 1 mile
Hospital: < 1 mile
Police Station: < 1 mile
Grocery/Shopping Center: < 1 mile
Public Transportation: 1.6 miles

Map

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Listed by: Kortnie Mullins Realty of Maine