16 Walter ST, Bangor, ME 04401
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16 Walter ST, Bangor, ME 04401
16 Walter ST, Bangor, ME 04401
16 Walter ST, Bangor, ME 04401
16 Walter ST, Bangor, ME 04401
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The Scoville Foley Team

The Scoville Foley Team

+1(207) 885-0500
Listed by Richard Kenefic ERA Dawson-Bradford Co.
$ 259,900
Est. payment /mo
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16 Walter ST Bangor, ME 04401

2 Baths

2,008 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,008 sqft

Price per Sqft $129

MLS Listing ID 1662774

Full Baths 2

Year Built 1900

Tax Year 2024

Lot Size 3,920 Sqft

Acres 0.09

Source Maine Listings

Land Area 2008

Property Description

This premier multi-unit property offers a strategic blend of stable cash flow and significant value-add potential in the heart of Bangor. The upper level features a reliable, long-term tenant with an exemplary history, while the recently renovated lower level, requiring only minor finishing touches, is perfect for immediate owner-occupancy or a premium rental. Investors will benefit from day-one equity growth as current rents are well below market value and already feature approval for Section 8 increases. Beyond the interior's potential for forced appreciation, the property is situated directly on the natural gas line; converting the current oil-fired boiler to natural gas allows a free hookup from Bangor Gas, drastically reducing overhead and maximizing monthly margins. Unrivaled in convenience, this asset is within walking distance of the Waterfront, the Cross Center, and downtown dining, while sitting on a major bus route. Do not miss this chance to secure a high-performance asset in an optimal location.

Location

State ME

County Penobscot

Zoning Residential

Direction From downtown Bangor, drive south on Main St. about ¾ of a mile. Take a right onto Walter St. The house is the 3rd house on the left.

Rooms

Basement Interior Entry, Dirt Floor, Full, Sump Pump, Unfinished, Brick/Mortar

Interior

Heating Oil, Forced Air

Cooling None

Flooring Wood, Hardwood, Linoleum

Laundry Washer Hookup

Exterior

Parking Features Common, Gravel, 5 - 10 Spaces

Utilities Available Utilities On

Roof Type Shingle

Porch Deck

Garage No

Building

Lot Description Intown, Near Golf Course, Near Turnpike/Interstate, Neighborhood, Level, Sidewalks, Near Public Transit

Story 2

Foundation Brick/Mortar

Water Public

Architectural Style Colonial

Level or Stories 2

Others

Tax ID BANG-000025-000000-000141

Maine MLS (MREIS) IDX

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The Scoville Foley Team

The Scoville Foley Team

+1(207) 885-0500

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