BATHS3 full
SQUARE FEET1,144
MLS#1662790
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLBangor Public Schools
Property Description
Unlock substantial value with this versatile 3-unit multi-family property located in the heart of Bangor. Whether you are looking for a savvy owner-occupied residence to offset your mortgage or a turnkey addition to your investment portfolio, this property offers strong economic potential in a high-demand rental market.Unit Composition: 3 residential units totaling 3 bedrooms and 3 full baths.The owner chose not to fill 3rd unit for listing, but has had all 3 units filled and had interest in the current unit. At 700 USD per unit, leases are currently below market value and generate roughly ~25000 USD, gross, per year.Turnkey Portfolio Addition: Benefit from established rental history and the opportunity to optimize the 3rd unit for maximum economic performance.Expenses for 2025 were 6,787.63 USD (natural gas for heat and hot water for all tenants, the building share of water/sewer/electric, insurance and property taxes)--NOI of over 18000! Owner-Occupied Advantage: Use the rental income from two units to significantly offset your mortgage while building equity in a competitive Maine market.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Interior Entry, Full, Sump Pump, Unfinished
Heating: Gas Natural, Baseboard, Hot Water
Home Style: New Englander, Other
Lot Size: 0.07 Acres
Roof Type: Shingle
Taxes: $2,669
Year Built: 1900
Feature Descriptions
Accessibilitiy: 32 - 36 Inch Doors
Amenities: 1st Floor Bedroom
Electric: On Site, Circuit Breakers
Exterior: Wood Frame, Vinyl Siding
Flooring: Carpet, Laminate, Vinyl, Linoleum
Foundation: Stone, Poured Concrete, Brick/Mortar
Lot: Near Town, Rolling Slope
Parking: Paved,1 - 4 Spaces
Road Surface: Paved
Sewer: Public Sewer
SQ FT Above Grade: 1144
SQ FT Below Grade: 0
Water: Public
Local Schools
School District: Bangor Public Schools
Listed By / Shown By
Listed By
Agency Name: Realty of Maine
Agent Name: Zachary Arnold
Agency Phone: 207-942-6310
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 851.47 per month $556.17 Principal & Interest $222.42 Property Tax $72.89 Homeowner's Insurance
15 Grace Court | MLS# 1662790
This multi-family property located at 15 Grace Court , Bangor, ME 04401 is currently listed for sale with an asking price of $249,900. Grace Court is located within the Bangor Public Schools school district. Search Bangor real estate on www.masiellogrouprealestate.com today.