Amazing Investment Opportunity! This completely gut renovated duplex features two 2-bedroom/1 bath units. The property received a major high end renovation in 2020 down to the studs. These pristine units have brand new solid oak flooring throughout, granite countertops and stainless steel appliances, tile bathrooms with custom glass showers and 2nd floor laundry. The original trim was carefully removed and refinished to perfection before being reinstalled. Each unit features a single car garage on the lower level with basement access through mudroom and storage area. This beautiful building has brand new plumbing, heating and electrical throughout. Utilities are separately metered for each unit. Each unit features its own high efficiency natural gas boiler with baseboard heat along with new windows, doors, insulation and newer roof. Properties share a large driveway which was paved at time of renovations. Units rent at high rates to high end professionals with tenants paying all their own utilities.
Lovely side by side 2-Unit in convenient location. Still has it's original charm with beautiful hardwood floors throughout. Plenty of parking. Walking distance to downtown, restaurants, shopping, schools and the waterfront park. Each unit: 3BR/1BA
MREIS #1303821
May 1, 2017
Listed
$144,987
$61/sq ft
MREIS #1275453
Jul 22, 2016
Listed
$144,987
$61/sq ft
MREIS #1132091
Apr 28, 2014
Listed
$149,900
$63/sq ft
Year
Property tax
Land + Additions
Assessment*
2024
$4,699 (+6.9%)
$10,700 + $242,600
$253,300
2023
$4,395 (+12.2%)
$10,700 + $218,800
$229,500
2022
$3,917 (+4.0%)
$10,700 + $181,300
$192,000
2021
$3,766 (+5.1%)
$9,900 + $159,000
$168,900
2020
$3,584 (+66.3%)
$9,500 + $145,000
$154,500
2019
$2,155 (+11.8%)
$9,500 + $84,200
$93,700
2018
$1,928 (−10.2%)
$9,200 + $74,800
$84,000
2017
$2,147 (+2.7%)
$10,000 + $85,200
$95,200
2016
$2,090 (+2.5%)
$10,000 + $82,900
$92,900
2015
$2,039 (+2.5%)
$10,000 + $82,900
$92,900
2014
$1,990
$10,000 + $81,300
$91,300
Public record
Public record
Zoning
Beds
4
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
3,920 Sq. Ft.
Year renovated
2019
Sq. Ft.
2,304
Year built
1900
Style
Multi-Family (2-4 Unit)
County
Penobscot County
APN
286910
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
Has Garage
Attached Garage: Yes
# of Garage Spaces: 2
Parking Features: Paved, 1 - 4 Spaces
Vehicle Storage: 2 Car, Attached
Interior
Bathroom Information
# of Baths (Full): 2
Basement Information
Basement Entry: Full
Interior Features
Flooring: Tile, Wood
Multi-Unit Information
# of Units Total: 2
# of 2 Bedroom Units: 2
Gross Income: $46,800
Unit 1 Information
# of Bedrooms: 2
Actual Rent: $1,950
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: Yes
Has Heat: Yes
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 2 Information
# of Bedrooms: 2
Actual Rent: $1,950
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: Yes
Has Heat: Yes
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes
Exterior
Building Information
Construction Materials: Wood Frame, Fiber Cement
Roof: Shingle
Structure Type: Duplex
Total Building Area (Sq. Ft.): 2,364
Property Information
Year Built: 1920
Above-Grade Finished Area (Sq. Ft.): 2,364
Lot Information
Lot Size (Sq. Ft.): $3,920.40
Lot Size (Acres): 0.09
Lot Size Source: Public Records
Lot Features: Intown, Near Shopping, Corner Lot, Level, Sidewalks
Road Surface Type: Paved
Zoning: Residential Lot
Financial
Tax Information
Annual Tax Amount: $4,394.92
Tax Year: 2024
Utilities
Utility Information
Has Heating
Heating: Baseboard, Hot Water, Radiant
Electric: Circuit Breakers
Sewer: Public Sewer
Utilities: Utilities On
Utilities On: Yes
Water Source: Public
Water Heater: Gas
Location
School Information
High School District: Penobscot Public Schools
Location Information
Unparsed Address: 54-56 Third Street, Bangor, ME 04401
Directions: From downtown Main St. to Union St. Left on Third St.
Public facts
Beds: 4
Baths: 2.0
Sq. Ft.: 2,304
Stories: 2.0
Lot Size: 3,920 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1900
Year Renovated: 2019
County: Penobscot County
APN: 286910
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
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
81
61
80
57
73
50
61
40
46
32
32
14
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
91/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.4 hrs
4.8 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$404,000 – $490,000
Sell confidently with a local market expert in Bangor.