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About This Home
This 0-bedroom, 3-bathroom residential multi family at 15 Grace Court in Bangor, ME is listed for $249,900 ($218 per sqft). Built in 1900, the home offers 1,144 sqft of living space on a 0.07 acres lot.
Unlock substantial value with this versatile 3-unit multi-family property located in the heart of Bangor. Whether you are looking for a savvy owner-occupied residence to offset your mortgage or a turnkey addition to your investment portfolio, this property offers strong economic potential in a high-demand rental market.
Unit Composition: 3 residential units totaling 3 bedrooms and 3 full baths. The owner chose not to fill 3rd unit for listing, but has had all 3 units filled and had interest in the current unit. At 700 USD per unit, leases are currently below market value and generate roughly ~25000 USD, gross, per year.
Turnkey Portfolio Addition: Benefit from established rental history and the opportunity to optimize the 3rd unit for maximum economic performance. Expenses for 2025 were 6,787.63 USD (natural gas for heat and hot water for all tenants, the building share of water/sewer/electric, insurance and property taxes)--NOI of over 18000! Owner-Occupied Advantage: Use the rental income from two units to significantly offset your mortgage while building equity in a competitive Maine market.
Key Features
- Built in 1900
- 0.07 acre lot
- 3 stories
Property Details
Monthly Cost Estimate
$1,337/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
15 Grace Court
Bangor, ME 04401
Features & Amenities
Interior Features
Property Details
Flooring
Construction
Pool Features
Heating
Questions & Answers
This 0-bedroom, 3-bathroom residential multi family at 15 Grace Court is listed at $249,900 ($218/sqft). The estimated monthly payment is $1,083 based on 20% down at 6.5% interest.
Key features include: Built in 1900, 0.07 acre lot, 3 stories. Interior Features: 1st Floor Bedroom.
This property is listed by Zachary Arnold and can be reached at 2073434050 or zach.arnold.realtor@rootsandroofs.me.
