BETTER THAN MOST! Two unit home with 3 bedrooms apiece, laundry hook ups and long term tenants. Newly revised signed leases for $1,100/month as of Sept 1, 2021 are already signed and in hand. Cash flow showing all expenses available for serious buyers. No vacancy here. Tenants get comfortable being walking distance to downtown, supermarket and YMCA. City public bus stops on the corner to get you most anywhere. Hardwood floors, some tin ceilings & vinyl replacement windows. Interior has fresh paint. Tenants pay rent, plus electric, hot water & propane for cooking. Landlord pays for oil heat, water and sewer. With two furnaces, it would be easy to convert oil heating costs to tenant responsibility. Plenty of off street parking in the back of the home. Long term tenants hope to not move. GET A PROFITABLE RETURN ON YOUR MONEY! SEE THIS ONE TODAY!
Multi-familyProperty Type
1910Year Built
3,920 sq ftLot Size
$106Est. Price/Sq.Ft.
1 spaceParking
Listed by Philip Cormier• Keller Williams Realty
Contact: 207-745-7070
Bought with Philip Cormier• Keller Williams Realty
WANTED INVESTORS! No vacancy here. Tenants get comfortable 3 bedroom units while walking distance to downtown Bangor & the YMCA. City bus stops right on the corner for easy commute. Hardwood floors, some tin metal ceilings & vinyl replacement windows, interior painting currently underway and laundry hook up for each tenant personal use. Tenants pay for their own rent plus electric & propane used for cooking. Landlord pays for oil heat, water & sewer. With 2 furnaces, it would be easy to convert and have tenants pay for their own heat. #78 pays reduced rent while sharing hybrid HW heater for both units. Plenty of backyard space for off street parking. Long term tenants hope to not have to move. GET A PROFITABLE RETURN ON YOUR INVESTMENT, SEE THIS ONE TODAY!
MREIS #929164
Apr 15, 2009
Listed
$119,000
$42/sq ft
MREIS #867671
Aug 3, 2007
Listed
$149,900
$53/sq ft
Year
Property tax
Land + Additions
Assessment*
2024
$3,244 (+29.1%)
$7,900 + $167,000
$174,900
2023
$2,512 (+10.8%)
$7,900 + $123,300
$131,200
2022
$2,268 (+3.9%)
$7,900 + $103,300
$111,200
2021
$2,183 (+5.9%)
$7,300 + $90,600
$97,900
2020
$2,062 (+5.2%)
$6,900 + $82,000
$88,900
2019
$1,960 (+8.0%)
$6,900 + $78,300
$85,200
2018
$1,815 (−8.0%)
$6,800 + $72,300
$79,100
2017
$1,973 (+2.4%)
$7,400 + $80,100
$87,500
2016
$1,926 (+2.5%)
$7,400 + $78,200
$85,600
2015
$1,879 (+1.9%)
$7,400 + $78,200
$85,600
2014
$1,844
$7,400 + $77,200
$84,600
Tax history for 76-78 Third St
Year
Property tax
Land + Additions
Assessment*
2024
$3,244 (+29.1%)
$7,900 + $167,000
$174,900
2023
$2,512 (+10.8%)
$7,900 + $123,300
$131,200
2022
$2,268 (+3.9%)
$7,900 + $103,300
$111,200
2021
$2,183 (+5.9%)
$7,300 + $90,600
$97,900
2020
$2,062 (+5.2%)
$6,900 + $82,000
$88,900
2019
$1,960 (+8.0%)
$6,900 + $78,300
$85,200
2018
$1,815 (−8.0%)
$6,800 + $72,300
$79,100
2017
$1,973 (+2.4%)
$7,400 + $80,100
$87,500
2016
$1,926 (+2.5%)
$7,400 + $78,200
$85,600
2015
$1,879 (+1.9%)
$7,400 + $78,200
$85,600
2014
$1,844
$7,400 + $77,200
$84,600
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
4
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
3,920 Sq. Ft.
Year renovated
1960
Sq. Ft.
2,440
Year built
1910
Style
Multi-Family (2-4 Unit)
County
Penobscot County
APN
286916
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 27, 2026.
URD-2
Urban Residence 2 District
The Urban Residence 2 District is established to stabilize and protect the essential characteristics of certain traditional residential areas which are substantially developed with one-family to four-family detached dwellings and to promote and encourage a suitable environment for family life. Development in this district is intended to be limited primarily to the existing low- to medium-density residential use.
Permitted uses
Include but are not limited to:
Day care facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Property details
Parking
Parking Information
Parking Features: 1 - 4 Spaces, Paved, Common, On Site, Off Street
Other Equipment: Internet Access Available, DSL, Cable
Laundry Information
Laundry Features: Upper Level
Multi-Unit Information
# of Units Total: 2
# of 3 Bedroom Units: 2
Operating Expense: $8,433
Gross Income: $26,400
Unit 1 Information
# of Bedrooms: 3
Actual Rent: $1,100
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Has Heat: Yes
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 2 Information
# of Bedrooms: 3
Actual Rent: $1,100
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Has Heat: Yes
Level: Second
Refrigerator: Yes
Sewer: Yes
Water: Yes
Exterior
Building Information
Construction Materials: Vinyl Siding, Wood Frame
Foundation Details: Concrete Perimeter
Roof: Shingle
Total Stories: 2
Total Building Area (Sq. Ft.): 2,848
Property Information
Year Built: 1910
Above-Grade Finished Area (Sq. Ft.): 2,848
Lot Information
Lot Size (Sq. Ft.): $3,920.40
Lot Size (Acres): 0.09
Lot Size Source: Public Records
Lot Features: Level, Sidewalks, Intown, Neighborhood, Near Public Transit
Zoning: URD-2
Financial
Tax Information
Annual Tax Amount: $2,183
Utilities
Utility Information
Has Heating
Heating: Zoned, Hot Air
Electric: Circuit Breakers
Sewer: Public Sewer
Utilities: Utilities On
Utilities On: Yes
Water Source: Public
Water Heater: Electric, Tank
Location
HOA Information
Pets Allowed: No Restrictions
Location Information
Unparsed Address: 76-78 Third Street, Bangor, ME 04401
Directions: From Union St, by Hammond St & Dollar General, take Third St. Go straight thru Cedar St stop sign (blinking overhead light). Subject property is on left.
Public facts
Beds: 4
Baths: 2.0
Sq. Ft.: 2,440
Stories: 1.0
Lot Size: 3,920 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1910
Year Renovated: 1960
County: Penobscot County
APN: 286916
Home facts updated by county records on Jul 27, 2026
Around this home
Schools
Vine Street School
Public PreK-3 • Assigned • 0.4mi
8/10
James F. Doughty School
Public 6-8 • Assigned • 0.3mi
6/10
Bangor High School
Public 9-12 • Assigned • 2.3mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 91° expected this year, 15 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Bangor, ME • 04401
Average low and high temperatures (°F)
27
10
30
8
42
24
52
35
65
45
76
54
82
60
81
54
73
49
61
40
46
32
32
14
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 7.5 hours in
June and 2.9 hours in December, placing it below the
U.S. average for solar exposure.
7.5 hrs
2.9 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$286,000 – $346,000
Sell confidently with a local market expert in Bangor. 3 minutes to get started.