Investor Opportunity in Prime Bangor Location - 186 Third St
Unlock the potential of this 3-bedroom, 1-bathroom home with incredible value-add possibilities! With a little vision, this property can easily be converted into a 4-bedroom, 1.5-bathroom layout — perfect for increasing rental income or resale value. Plus, enjoy peace of mind knowing a **brand-new roof was added in early January 2025**, saving you on major upfront costs.
But the opportunity doesn't stop there — after discussions with the city, it's confirmed that an investor could remove the existing structure and build a single-family home with an ADU (Accessory Dwelling Unit). This opens the door for dual rental income or a flexible multi-generational living space, making it a truly versatile investment.
Located just minutes from the Maine Savings Amphitheatre and Bangor's growing downtown area, this property sits in a developing neighborhood with rising demand and excellent long-term potential. Whether you choose to renovate, rebuild, or rent, this is an investment you don't want to miss.
Don't wait — opportunities like this are rare in such a prime location!
Active
Price cut: $10K (4/14)
$70,000
186 3rd Street, Bangor, ME 04401
4beds
1,280sqft
Est.:
Single Family Residence
Built in 1900
5,662.8 Square Feet Lot
$-- Zestimate®
$55/sqft
$-- HOA
What's special
Brand-new roof
- 56 days
- on Zillow |
- 2,379 |
- 58 |
Zillow last checked: 7 hours ago
Listing updated: April 15, 2025 at 09:22am
Listed by:
ERA Dawson-Bradford Co.
Source: Maine Listings,MLS#: 1615212

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 1
- Full bathrooms: 1
Bedroom 1
- Level: First
Bedroom 2
- Level: Second
Bedroom 3
- Level: Second
Bedroom 4
- Level: First
Den
- Level: First
Kitchen
- Level: First
Heating
- None
Cooling
- None
Features
- Flooring: Wood
- Basement: Walk-Out Access,Brick/Mortar
- Has fireplace: No
Interior area
- Total structure area: 1,280
- Total interior livable area: 1,280 sqft
- Finished area above ground: 1,280
- Finished area below ground: 0
Property
Parking
- Parking features: 1 - 4 Spaces, Gravel
Lot
- Size: 5,662.8 Square Feet
- Features: Corner Lot, City Lot, Near Turnpike/Interstate
Details
- Parcel number: BANGM024L125
- Zoning: URD-1
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vinyl Siding, Wood Frame
- Roof: Shingle
Condition
- Year built: 1900
Utilities & green energy
- Electric: No Electric
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Bangor
Financial & listing details
- Price per square foot: $55/sqft
- Tax assessed value: $37,100
- Annual tax amount: $688
- Date on market: 2/28/2025
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