Bangor, ME 04401,72-74 Third ST
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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
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Brenda Maggy

Brenda Maggy

+1(603) 531-3839
Listed by Realty of Maine
$ 1,289,900
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Active

72-74 Third ST Bangor, ME 04401

12,418 SqFt

UPDATED:

Key Details

Property Type Commercial Sale

Sub Type Multi Family

Listing Status Active

Square Footage 12,418 sqft

MLS Listing ID 1644945

HOA Y/N No

Year Built 1880

Annual Tax Amount $8,080

Tax Year 2026

Lot Size 9,147 Sqft

Acres 0.21

Property Sub-Type Multi Family

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

Rooms

Basement Walk-Out Access, Finished, Full

Interior

Heating Hot Water, Heat Pump, Baseboard

Cooling Heat Pump

Flooring Wood, Vinyl, Tile

Exterior

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

Utilities Available 1

View Y/N No

Roof Type Fiberglass,Shingle,Tar/Gravel

Building

Lot Description Public Transport Access, Near Turnpike/Interstate, Bus Line, Near Shopping

Story 3

Sewer Public Sewer

Water Public

Structure Type Stone,Brick,Wood Frame

Others

Energy Description Gas Natural, Electric

Maine MLS (MREIS) IDX

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES
Elementary Schools 13
  • 9

    Mary Snow School

    Public | 4 - 5

  • 9

    Abraham Lincoln School

    Public | PK - 3

  • 9

    Fruit Street School

    Public | PK - 3

  • 5

    Fairmount School

    Public | 4 - 5

  • 5

    Vine Street School

    Public | PK - 3

  • 4

    Downeast School

    Public | PK - 3

  • 0

    Penobscot Christian School

    Private | PK - 12

  • 0

    All Saints Catholic School

    Private | PK - 8

  • 0

    Fourteenth Street School

    Public | PK - 3

  • 0

    Hilltop School

    Private | PK - KG

  • 0

    Brewer Community School

    Public | PK - 8

  • 0

    Stillwater Academy

    Private | 5 - 12

  • 0

    Bangor Montessori School

    Private | PK - TKG

Middle Schools 2
  • 9

    William S. Cohen School

    Public | 6 - 8

  • 7

    James F. Doughty School

    Public | 6 - 8

High Schools 4
  • 8

    Bangor High School

    Public | 9 - 12

  • 6

    Brewer High School

    Public | 9 - 12

  • 0

    John Bapst Memorial High School

    Private | 9 - 12

  • 0

    United Technologies Center-Region 4

    Public | 9 - 12

School and business data provided by Attom Data.
Brenda Maggy

Brenda Maggy

REALTOR® | Broker

+1(603) 531-3839

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72-74 Third ST