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16 Walter StreetBangor, ME 04401Price: $259,900

  • Price: $259,900
  • Est. Mortgage of $/month
  • 26 Days on Market
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Federal 30-year interest rate: 6.52% last updated on Jun 11, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
16 Walter Street Bangor ME 04401
  • $259,900List Price
  • 2Bathrooms
  • 2,008Square Feet
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.
Listed by Richard Kenefic of ERA Dawson-Bradford Co.

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More Info

Tax Information

  • Parcel Number BANG-000025-000000-000141
  • Taxes$3,024

Location

  • Address16 Walter Street
  • Building Number16
  • CountyPenobscot
  • StateME
  • StreetWalter Street
  • TownBangor
  • Zip04401

Exterior

  • RoofShingle

Utilities

  • Electric Circuit Breakers
  • Heat SystemOil, Forced Air
  • Heating YN Yes
  • Utilities Utilities On
  • Waste Water DisposalPublic Sewer

Legal

  • ZoningResidential

Parking

  • Parking Features Common, Gravel,5 - 10 Spaces

Basic Information

  • List Price$259,900
  • LocationTypeIntown, Near Golf Course, Near Shopping, Near Turnpike/Interstate, Neighborhood
  • MLS Number1662774
  • Property TypeMulti-Family
  • StatusACT

Property

  • Road Surface Type Paved
  • Sign On Property YN Yes

Property Information

  • Acreage0.09
  • Lot Features Intown, Near Golf Course, Near Turnpike/Interstate, Neighborhood, Level, Sidewalks, Near Public Transit
  • Square Feet2,008

Water Body

  • Water AccessPublic

Other

  • Date Listed05/19/2026
  • Unit 1 Full Baths 1
  • Unit 1 Level First
  • Unit 1 Monthly Rent $1,250
  • Unit 1 Rooms 5
  • Unit 1 Water Yes
  • Unit 2 Full Baths 1
  • Unit 2 Lease Yes
  • Unit 2 Level Second
  • Unit 2 Monthly Rent $1,050
  • Unit 2 Rooms 5
  • Unit 2 Water Yes

Rooms

  • Bathroom2
  • Bathrooms Total Decimal 2
  • Full Bath2
  • Laundry Features Washer Hookup

Building

  • Basement
    • Brick/Mortar
    • Dirt Floor
    • Full
    • Interior Entry
    • Sump Pump
    • Unfinished
  • Building Info Heating Units 2
  • Building Info Water Heaters 2
  • Flooring Wood, Hardwood, Linoleum
  • Patio And Porch Features Deck
  • Property StyleColonial
  • Stories2
  • Units2
  • Year Built1900

Amenities

  • AmenitiesLaundry - Hookup
  • Other AmenitiesBasement
  • PetsNo Restrictions

Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, non commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo   Privacy Policy

46 Casco Rd, Brunswick - Portside Luxury Home participates in ©2026 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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