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.
Active
$1,289,900
72-74 Third Street, Bangor, ME 04401
13beds
12,418sqft
Est.:
Multi Family
Built in 1880
-- sqft lot
$1,262,800 Zestimate®
$104/sqft
$-- HOA
What's special
Modern enhancementsStately brick propertyStainless-steel appliancesPreserved period detailsSolid oak flooringNewer windowsBeautifully updated interiors
- 14 days |
- 1,095 |
- 42 |
Zillow last checked: 8 hours ago
Listing updated: December 03, 2025 at 12:15pm
Listed by:
Realty of Maine
Source: Maine Listings,MLS#: 1644615
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 13
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Baseboard, Heat Pump, Hot Water
Cooling
- Heat Pump
Features
- Flooring: Tile, Vinyl, Wood
- Basement: Exterior Entry
- Number of fireplaces: 3
Interior area
- Total structure area: 12,418
- Total interior livable area: 12,418 sqft
- Finished area above ground: 10,758
- Finished area below ground: 1,660
Property
Features
- Levels: Multi/Split
- Stories: 3
Lot
- Size: 9,147.6 Square Feet
Details
- Parcel number: 7274ThirdSTBangor34209
- Zoning: 14 Urban Res Dist 2
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Roof: Fiberglass,Shingle,Tar/Gravel
Condition
- Year built: 1880
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On, Pole
Community & HOA
Location
- Region: Bangor
Financial & listing details
- Price per square foot: $104/sqft
- Annual tax amount: $8,080
- Date on market: 12/2/2025
Estimated market value
$1,262,800
$1.20M - $1.33M
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/2/2025 | Listed for sale | $1,289,900+12.3%$104/sqft |
Source: | ||
| 12/6/2024 | Sold | $1,149,000-8%$93/sqft |
Source: | ||
| 9/25/2024 | Pending sale | $1,249,000$101/sqft |
Source: | ||
| 9/12/2024 | Price change | $1,249,000-3.1%$101/sqft |
Source: | ||
| 7/16/2024 | Listed for sale | $1,289,000$104/sqft |
Source: | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$6,571/mo
Principal & interest
$5002
Property taxes
$1118
Home insurance
$451
Climate risks
Neighborhood: 04401
Nearby schools
GreatSchools rating
- 8/10Vine Street SchoolGrades: PK-3Distance: 0.4 mi
- 6/10James F. Doughty SchoolGrades: 6-8Distance: 0.3 mi
- 6/10Bangor High SchoolGrades: 9-12Distance: 2.3 mi
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