74-76 Court Street, Bangor, ME 04401
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
Listed by: jody hammond
Office: exp realty
MLS#:1660566
Source:ME_MREIS
Price summary
- Price:$1,600,000
- Price per sq. ft.:$615.38
About this home
This 16-unit residential apartment building, located in Bangor, Maine, offers a remarkable investment opportunity in a desirable area. Low expenses with a net operating income of $142,000 +/- annually. The property is conveniently situated on a bus route and is within walking distance to downtown Bangor, where residents can enjoy shopping, restaurants, and various amenities. Featuring off-street parking, the building has undergone numerous updates, including upgraded wiring, newer vinyl siding, fresh flooring and paint in all common areas. Additionally, new fire-rated exterior doors were installed, and the front roof was replaced in 2024, ensuring structural integrity and safety. The property consists of 16 total units, with 8 of them equipped with high-output baseboard heaters. Seller has added 2 washers and 2 dryers that tenants can use onsite . Plus new foundation walls*. Many units have also been enhanced with updated kitchenettes and appliances, making them appealing to prospective tenants. The building maintains a low vacancy rate and generates strong cash flow, making it a rare find in the market with 16 units contained within a single structure. Situated in the heart of Penobscot County, Bangor is a vibrant city known for its rich history and cultural significance. The area provides a blend of urban conveniences and natural beauty, featuring a variety of shopping venues, diverse dining options, and ample access to outdoor activities. This strong community atmosphere, along with Bangor's strategic location, positions it as an attractive market for multi-family investments....
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Home facts
- Year built:1880
- Listing ID #:1660566
- Updated:May 14, 2026 at 02:55 PM
Rooms and interior
- Total bathrooms:16
- Full bathrooms:16
- Flooring:Tile, Vinyl
- Basement Description:Exterior Only, Full
- Living area:2,600 sq. ft.
Heating and cooling
- Heating:Gas Natural, Hot Water
Structure and exterior
- Year built:1880
- Building area:2,600 sq. ft.
- Lot area:0.26 Acres
- Lot Features:Intown, Level, Open
- Architectural Style:Colonial
- Construction Materials:Vinyl Siding, Wood Frame
- Foundation Description:Poured Concrete
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,600,000
- Price per sq. ft.:$615.38
- Tax amount:$5,687 (2025)
Features and amenities
- Laundry features:Washer Hookup
Parking
- Parking description:5 - 10 Spaces, Gravel, Off street, On Street
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