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72 3rd St - 72-74 3rd Street 8 Unit Apartment Building Offered at $1,800,597 CAD Bangor, ME 04401
INVESTMENT HIGHLIGHTS
- new plumbing throughout
- full roof system replacement in 2019
- complete electrical overhaul with upgraded service entrance
EXECUTIVE SUMMARY
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.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
AMENITIES
SITE AMENITIES
- Laundry Facilities
- Trash Pickup - Curbside
1 1
Walk Score®
Very Walkable (87)
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72 3rd St - 72-74 3rd Street
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