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.

Full description online — scan the code for the complete listing.

Property information

Property type

Commercial Sale

Sub-type

Multi Family

Year built

1880

Living area

12,418 Sq Ft

Lot size

0.21 acres

Annual taxes (2026)

$8,080

HOA fee

None

Price / Sq Ft

$103

Days on market

65

Zoning

14 Urban Res Dist 2

Features

Cooling

Heat Pump

Heating

Electric · Baseboard · Heat Pump · Hot Water

Flooring

Tile · Vinyl · Wood

Parking

On Site · Off Street

Roof

Fiberglass · Shingle · Tar/Gravel

Construction

Stone · Brick · Frame

Basement

Walk-Out Access · Finished · Full

Sewer / Water

Public Sewer · Public