15 Grace Court, Bangor, ME 04401
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
15 Grace Court,Bangor, ME 04401
$249,900
- - Beds
- 3 Baths
- 1,144 sq. ft.
- Multi-family
- Active
Office: realty of maine
MLS#:1662790
Source:ME_MREIS
Price summary
- Price:$249,900
- Price per sq. ft.:$218.44
About this home
Unlock substantial value with this versatile 3-unit multi-family property located in the heart of Bangor. Whether you are looking for a savvy owner-occupied residence to offset your mortgage or a turnkey addition to your investment portfolio, this property offers strong economic potential in a high-demand rental market.
Unit Composition:
3 residential units totaling 3 bedrooms and 3 full baths.
The owner chose not to fill 3rd unit for listing, but has had all 3 units filled and had interest in the current unit. At 700 USD per unit, leases are currently below market value and generate roughly ~25000 USD, gross, per year.
Turnkey Portfolio Addition: Benefit from established rental history and the opportunity to optimize the 3rd unit for maximum economic performance.
Expenses for 2025 were 6,787.63 USD (natural gas for heat and hot water for all tenants, the building share of water/sewer/electric, insurance and property taxes)--NOI of over 18000!
Owner-Occupied Advantage: Use the rental income from two units to significantly offset your mortgage while building equity in a competitive Maine market....
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Home facts
- Year built:1900
- Listing ID #:1662790
- Updated:July 10, 2026 at 10:40 AM
Rooms and interior
- Total bathrooms:3
- Full bathrooms:3
- Flooring:Carpet, Laminate, Linoleum, Vinyl
- Bedroom Description:1st Floor Bedroom
- Basement Description:Full, Interior Entry, Sump Pump, Unfinished
- Living area:1,144 sq. ft.
Heating and cooling
- Heating:Baseboard, Gas Natural, Heating, Hot Water
Structure and exterior
- Roof:Shingle
- Year built:1900
- Building area:1,144 sq. ft.
- Lot area:0.07 Acres
- Lot Features:Near Shopping, Near Town, Rolling Slope, Shopping Mall
- Architectural Style:New Englander
- Construction Materials:Vinyl Siding, Wood Frame
- Exterior Features:Deck, Porch
- Foundation Description:Brick/Mortar, Poured Concrete, Stone
- Levels:Multi Level
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$249,900
- Price per sq. ft.:$218.44
- Tax amount:$2,669 (2025)
Parking
- Parking description:1 - 4 Spaces, Paved
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