USAMEBangor74-76 Court Street
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$1,600,000

For Sale

3 days ago

74-76 Court Street, Bangor, ME

MLS® 1660566

0 Bed

16 Bath

2600 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size 2600 sqft
Garage No
HOA Fees 
Taxes $5,687
Days Active 3
Approx. Age 1880
Avg. Price Per Sqft $615
MLS® Number 1660566

Property Address: 74-76 Court Street, Bangor, ME, 04401

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number1660566
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1880
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 4, 2026List Date
$1,600,000List Price
  • Commute

Commute

Starting Address
Destination Address
74-76 Court Street, Bangor, ME

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