16 Walter Street, Bangor, ME 04401

Bangor
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
16 Walter Street,Bangor, ME 04401
$259,900
  • - Beds
  • 2 Baths
  • 2,008 sq. ft.
  • Multi-family
  • Active
Office: era dawson-bradford co.
MLS#:1662774
Source:ME_MREIS

Price summary

  • Price:$259,900
  • Price per sq. ft.:$129.43

About this home

This premier multi-unit property offers a strategic blend of stable cash flow and significant value-add potential in the heart of Bangor. The upper level features a reliable, long-term tenant with an exemplary history, while the recently renovated lower level, requiring only minor finishing touches, is perfect for immediate owner-occupancy or a premium rental. Investors will benefit from day-one equity growth as current rents are well below market value and already feature approval for Section 8 increases. Beyond the interior's potential for forced appreciation, the property is situated directly on the natural gas line; converting the current oil-fired boiler to natural gas allows a free hookup from Bangor Gas, drastically reducing overhead and maximizing monthly margins. Unrivaled in convenience, this asset is within walking distance of the Waterfront, the Cross Center, and downtown dining, while sitting on a major bus route. Do not miss this chance to secure a high-performance...

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Home facts

  • Year built:1900
  • Listing ID #:1662774
  • Updated:July 10, 2026 at 10:40 AM

Rooms and interior

  • Total bathrooms:2
  • Full bathrooms:2
  • Flooring:Hardwood, Linoleum, Wood
  • Basement Description:Brick/Mortar, Dirt Floor, Full, Interior Entry, Sump Pump, Unfinished
  • Living area:2,008 sq. ft.

Heating and cooling

  • Heating:Forced Air, Heating, Oil

Structure and exterior

  • Roof:Shingle
  • Year built:1900
  • Building area:2,008 sq. ft.
  • Lot area:0.09 Acres
  • Lot Features:Intown, Level, Near Golf Course, Near Public Transit, Near Turnpike/Interstate, Neighborhood, Sidewalks
  • Architectural Style:Colonial
  • Construction Materials:Vinyl Siding, Wood Frame
  • Exterior Features:Deck
  • Foundation Description:Brick/Mortar

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$259,900
  • Price per sq. ft.:$129.43
  • Tax amount:$3,024 (2024)

Features and amenities

  • Laundry features:Washer Hookup

Parking

  • Parking description:5 - 10 Spaces, Common, Gravel
MLS LogoMREIS Multiple Listing Service™ systemListing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved ME_MREIS Member Broker: Christopher Masiello

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