26 Otis Street, Bangor, ME 04401 - Spectrum Real Estate

$339,000

Prime Investment Opportunity in Bangor! Unlock the potential of this well-maintained, income-generating property featuring three one-bedroom units in a desirable location. With two long-term tenants already in place, enjoy immediate rental income with room for future growth. Conveniently situated within walking distance to the hospital and near shopping, dining, and major employment centers, this property attracts tenants seeking accessibility and convenience. Whether you're expanding your portfolio or starting your investment journey, this multi-unit home is a smart choice. Don't miss out—schedule your private showing today!

Courtesy of Signature Group Real Estate 207-433-0485

Listing Snapshot

Days Online

Last Updated

May 8, 2025

Full Baths

Square Ft.

1,948

Lot Size

0.24 Acres

Year Built

1900

MLS Number

1618033

Additional Details

Property Access

Road Surface Type: "Paved"

Basement

Basement: "Interior", "Full", "Unfinished"

Building

Architectural Style: "Other", "Colonial", Building Area Total: 1,948, Construction Materials: "Wood Siding", "Clapboard", "Wood Frame", Number Of Units Total: 3, Year Built: 1900

Cooling

Cooling: "None"

Expenses

Operating Expense: $13,254

Floors

Flooring: "Vinyl", "Laminate", "Carpet"

Foundation

Foundation Details: "Other", "Concrete Perimeter"

Heating

Heating: "Baseboard", Heating Included

Income

Gross Income: $28,261

Laundry

Features: "Laundry - Coin"

Lot

Features: "Other Location", "Level", "Intown", 0.24 acres, Area: 0.24, 10,454 square feet

Owner Pays

Owner Name: Snowman

Parking

Features: "5 - 10 Spaces", "Gravel"

Property

Parcel Number: BANG-000054-000000-000208, Zoning: Urb Res

Roof

Roof: "Metal"

Sewer

Sewer: "Public Sewer"

Taxes

Annual Amount: $3,589, Tax Lot: 208

Utilities

Electric: "Circuit Breakers", Water Source: "Public"

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Selling price

Down payment

Term (years)

Interest rate (%)

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30 Days Snapshot Of 04401

$316k

+6%

(avg) sold price

-18%

homes sold

(avg) days on market

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26 Otis Street

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