72 3rd St - Apartments FOR SALE


Bangor, ME 04401- Downtown Bangor
$1,289,900 USD
207-991-4924
72 3rd St, Bangor, ME for Sale
$1,289,900 USD
Apartments - FOR SALE
1/73
null | Request Cap Rate


HIGHLIGHTS

  • new plumbing throughout
  • complete electrical overhaul with upgraded service entrance
  • full roof system replacement in 2019

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.

FOR SALE DETAILS

PRICE

$1,289,900 USD

PRICE/SF

$153 USD /SF

# OF UNITS

8

PRICE/UNIT

$161,238

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

72-74 3rd Street

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1880

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

URD2

APN/PARCEL ID

BANG-000034-000000-000209

ASK ABOUT THIS PROPERTY

Kortnie MullinsRealty of MaineMore Info
207-991-4924

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Kortnie MullinsRealty of MaineMore Info
207-991-4924

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.