Multi-Family for Sale: 176 Court Street, Bangor, ME 04401

4 full baths
$459,000
$459,000
176 Court Street, Bangor, ME 04401
4 full baths
$459,000
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Price:
$459,000

Type Multi-Family
Style Cape
Total Baths 4 full baths
Square Feet 2,266 sqft
Lot Size 0.14 acres
Year Built 1900
Taxes Paid $3,058

City Bangor
County Penobscot

MLS 1606822
Status Active
Discover the potential of 176 Court Street, Bangor, ME 04401, a meticulously maintained 3-4 unit residential property situated in the heart of Bangor. Ideal for investors seeking stable income, this property features a mix of units ranging from 1-bedroom to 2-bedrooms, all leased to reliable tenants, including one who has resided for over 15 years. This investment stands out with its substantial Net Operating Income due to remarkably low operating expenses, ensuring profitable margins. Each unit offers comfortable living spaces with modern amenities and consistent updates to meet tenant needs, making it a turnkey operation for the new owner. Located in a prime area close to shops, schools, and public transportation, the building enjoys steady demand. Financially, the property generates $58,800 annually with an attractive 8% cap rate. This is a compelling opportunity for those looking to expand their portfolio or enter the market with a dependable, income-producing asset.

Room Features

Basement Description Full, Unfinished, Interior Entry

Virtual Tours for 176 Court Street Bangor, ME

Lot & Building Features

Cooling None
Tax Year 2023
Taxes Paid $3,058

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

Price History of 176 Court Street, Bangor, ME

Date Name Price Difference
10/14/2024 Listing Price $459,000 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
$342,000
$163 / sqft
Average
$400,583
$174 / sqft
High
$505,000
$224 / sqft

Address City Zip Beds Baths Price Sq. Ft. $/SQFT Sold Date
This Listing Bangor 04401 0 4.0 $459,000 2,266 $203 N/A
252 Forest Avenue Bangor 04401 0 4.0 $342,000 2,100 $163 01/22/2024
179 & 181 Court Street Bangor 04401 0 5.0 $505,000 2,256 $224 01/05/2024
242 Essex Street Bangor 04401 0 4.0 $345,000 2,356 $146 04/15/2024
51 Glenwood Drive Bangor 04401 0 4.0 $465,000 2,414 $193 04/12/2024
27 Elm Street Brewer 04412 0 3.0 $360,000 2,350 $153 07/01/2024
284 French Street Bangor 04401 0 4.0 $386,500 2,352 $164 07/19/2024

Map of 176 Court Street, Bangor, ME

Location Map Street View
Photo of Corey Porter
Direct: 603-213-4724
Office
PO Box 101
Merrimack, NH 03054
603-787-3155
Listed by EXP Realty, Jason Edwards 888-439-8743
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0.66623093681917%
6.75%
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176 Court Street (MLS #1606822) is a cape multi-family listing located in Bangor, ME. This multi-family listing is 2,266 sqft and on a lot of 6,098 sqft (or 0.14 acres) and is 124 years old. This property was listed on 10/14/2024 and has been priced for sale at $459,000.

The multi-family listing at 179 & 181 Court Street in Bangor is nearby and sold for $505,000 on 01/05/2024. Another nearby multi-family listing, 284 French Street in Bangor sold for $386,500 on 07/19/2024.

Nearby zip codes are 04412, 04429, 04444, 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: EXP Realty

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.