72-74 Third Street Bangor, ME
$1,279,900
Baths 8
Square Footage 12,418
Acres 0.21
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.
Listed by Realty of Maine, Kortnie Mullins & Renee Hudgens Kortnie Mullins 207-942-6310
Details
MLS 1644615
Status Active
Price $1,279,900
DOM 249 days
Type Multi-Family
Style Other
Baths 8 full baths
Square Feet 12,418 sqft
Lot Size 0.21 acres
Year Built 1880
Taxes Paid $8,080
Lot & Building Features
Amenities 1st Floor Bedroom, 1st Floor Primary Bedroom w/Bath, Laundry - Coin, Shower
Construction Wood Frame, Stone
Cooling Heat Pump
Heat Source Electric, Gas Natural
Heating Electric, Gas Natural, Baseboard, Heat Pump, Hot Water
Parking Description Common, Gravel, 5 - 10 Spaces, On Site, Off Street
Tax Year 2026
Taxes Paid $8,080
Water Public
Water Heater Electric
Fireplaces 3
Room Details
Basement Description Exterior Entry, Walk-Out Access, Finished, Full
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Financing
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6.75%
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$
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per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.

