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Multi-Family for Sale: 199-201 Center Street, Bangor, ME 04401

5 full baths
$575,000
$575,000
199-201 Center Street, Bangor, ME 04401
5 full baths
$575,000
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Price:
$575,000

Type Multi-Family
Style Duplex, Other Style, Multi-Level
Total Baths 5 full baths
Square Feet 3,926 sqft
Lot Size 0.17 acres
Year Built 1900
Taxes Paid $6,444

City Bangor
County Penobscot

MLS 1607219
Status Pending
DOM 17 days
Discover a rare investment opportunity featuring two buildings with a total of five units and a 100% occupancy rate located at 199-201 & 201 1/2 Center Street. This property is perfect for investors looking to expand their portfolio in Bangor, ME! The first building, 199-201 Center Street, consists of four two-bedroom apartments, each with one full bathroom. Currently, three units have active leases, and one unit is on a month-to-month basis. Two of the apartments (201) have been renovated in the past, while the other two (199) have not, providing room for growth and value-add potential. This building boasts a natural gas hot water baseboard heating system (HWBB) installed in 2015 and features a solid foundation that has been well maintained. The second building, located at 201 1/2 Center Street, is a single-family home with three bedrooms and one bathroom. This home has undergone previous renovations and currently has a month-to-month tenant. It also features a natural gas hot water baseboard heating system (HWBB) installed in 2018. Both roofs were replaced around 2016, ensuring a reliable structure. Additional features of this property include ample on-site parking for tenants and a prime location just a 15-minute walk to downtown and a 3-minute drive to I-95, offering convenience for residents. This is a fantastic opportunity for investors to acquire a well-located property with proven income & potential to grow. For more details about the property or to schedule a showing, contact me today!

Room Features

Basement Description Bulkhead, Unfinished, Interior Entry, Full, Exterior Entry

Lot & Building Features

Cooling None, Other
Tax Year 2023
Taxes Paid $6,444

Unit Features

Unit 1 Full Baths 1
Unit 1 of Bedrooms 2
Unit 1 of Rooms 4
Unit 2 Full Baths 1
Unit 2 of Bedrooms 2
Unit 2 of Rooms 3
Unit 3 Full Baths 1
Unit 3 of Bedrooms 2
Unit 3 of Rooms 4
Unit 4 Full Baths 1
Unit 4 of Bedrooms 2
Unit 4 of Rooms 4
Unit 5 Full Baths 1
Unit 5 of Bedrooms 3
Unit 5 of Rooms 5

Price History of 199-201 Center Street, Bangor, ME

Date Name Price Difference
10/18/2024 Listing Price $575,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Comparable Properties Sold Near By

Low
$626,000
$166 / sqft
Average
$626,000
$166 / sqft
High
$626,000
$166 / sqft

Address City Zip Beds Baths Price Sq. Ft. $/SQFT Sold Date
This Listing Bangor 04401 0 5.0 $575,000 3,926 $146 N/A
151 Glenwood Drive Bangor 04401 0 4.0 $626,000 3,780 $166 06/28/2024

Map of 199-201 Center Street, Bangor, ME

Location Map Street View
Listed by Berkshire Hathaway HomeServices Northeast Real Estate, Mariya Doncheva 207-942-8261
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1.1206956521739%
6.75%
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199-201 Center Street (MLS #1607219) is a duplex, other style, multi-level multi-family listing located in Bangor, ME. This multi-family listing is 3,926 sqft and on a lot of 7,405 sqft (or 0.17 acres) and is 124 years old. This property was listed on 10/18/2024 and has been priced for sale at $575,000.

The multi-family listing at 151 Glenwood Drive in Bangor is nearby and sold for $626,000 on 06/28/2024.

Nearby zip codes are 04412, 04444, 04462, 04473 and 04474. This property neighbors other cities such as Brewer, Glenburn, Hampden, Orrington and Veazie.

MREIS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Berkshire Hathaway HomeServices Northeast Real Estate

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2024 Maine Real Estate Information System, Inc. All Rights Reserved. This web site does not display complete Maine Listings. Certain Maine Listings of other real estate brokerage firms have been excluded.