# 15 Grace Court, Bangor, ME 04401

> **TL;DR:** 0bd/3ba residential multi family, $249,900 ($218/sqft), built 1900, 1,144 sqft. Est. $1,083/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $249,900 |
| Price/sqft | $218 |
| Bathrooms | 3 full |
| Square Feet | 1,144 |
| Year Built | 1900 |
| Lot Size | 3,049 sqft (0.07 acres) |
| Stories | 3 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,083 |
| **Total** | **$1,083** |

## Property Highlights

- Built in 1900
- 0.07 acre lot
- 3 stories

## Description

### Agent Description
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.

## Location

- **Address:** 15 Grace Court, Bangor, ME 04401
- **County:** Penobscot
- **Coordinates:** 44.810683, -68.783279
- **Google Maps:** https://www.google.com/maps?q=44.810683,-68.783279

## Listing Agent

- **Name:** Zachary Arnold
- **Brokerage:** Realty of Maine
- **Phone:** 2073434050
- **Email:** zach.arnold.realtor@rootsandroofs.me

## Primary Photo

![15 Grace Court - Primary Photo](http://lh.rdcpix.com/756ec877fd8066cf6d2912d94d779481l-f2500876325r.jpg)

*16 total photos available on [listing page](https://www.propertysimple.com/listing/15-grace-court-bangor-me-04401-1662790)*

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**MLS#:** 1662790 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/15-grace-court-bangor-me-04401-1662790)

---

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