16 Walter Street Bangor, ME 04401
Listing Courtesy of: MLS LogoMAINE LISTINGS - IDX / Listed By: Richard Kenefic, ERA Dawson-Bradford Co.

  16 Walter Street Bangor, ME 04401

Active (1 Days)
$259,900 (USD)
2
BATH
2,008
SQFT

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.

MLS #:
1662774
Taxes
$3,024(2024)
Lot Size
3,920 SQFT
Type
Multifamily
Year Built
1900
Style
Colonial
County
Penobscot County

Listed By

Richard "Rich" Kenefic, ERA Dawson-Bradford Co., Realtors
Source
MAINE LISTINGS - IDX
Last checked May 21 2026 at 1:22 AM GMT+0000
Bathroom Details
  • Full Bathrooms: 2
Lot Information
  • Level
  • Sidewalks
  • Intown
  • Near Shopping
  • Near Golf Course
  • Near Turnpike/Interstate
  • Neighborhood
  • Near Public Transit
Property Features
  • Foundation: Brick/Mortar
Heating and Cooling
  • Forced Air
  • Oil
  • None
Basement Information
  • Full
  • Sump Pump
  • Dirt Floor
  • Unfinished
  • Brick/Mortar
  • Interior
Flooring
  • Wood
  • Hardwood
  • Linoleum
Exterior Features
  • Roof: Shingle
Utility Information
  • Utilities: Utilities on
  • Sewer: Public Sewer
Parking
  • Common
  • Gravel
  • 5 - 10 Spaces
Location
   
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Disclaimer: Listing data is derived in whole or in part from the Maine IDX and is for the consumers personal, noncommercial use only. Dimensions are approximate and are not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved