# 16 Walter Street, Bangor, ME 04401

> **TL;DR:** 0bd/2ba residential multi family, $259,900 ($129/sqft), built 1900, 2,008 sqft.
> Hardwood. Est. $1,126/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $259,900 |
| Price/sqft | $129 |
| Bathrooms | 2 full |
| Square Feet | 2,008 |
| Year Built | 1900 |
| Lot Size | 3,920 sqft (0.09 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 0 |

## Why This Home Stands Out

- **Hardwood Floors** - Throughout the home

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,126 |
| **Total** | **$1,126** |

## Key Amenities

- Hardwood

## Property Highlights

- Built in 1900
- 0.09 acre lot
- 2 stories

## Description

### Agent 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.

## Location

- **Address:** 16 Walter Street, Bangor, ME 04401
- **County:** Penobscot
- **Coordinates:** 44.792595, -68.776841
- **Google Maps:** https://www.google.com/maps?q=44.792595,-68.776841

## Listing Agent

- **Name:** Richard Kenefic
- **Brokerage:** ERA Dawson-Bradford Co.
- **Phone:** 2072997695
- **Email:** richkenefic@eradawson.com

## Primary Photo

![16 Walter Street - Primary Photo](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f2944721128r.jpg)

*49 total photos available on [listing page](https://www.propertysimple.com/listing/16-walter-street-bangor-me-04401-1662774)*

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**MLS#:** 1662774 | **Updated:** 2026-06-17
**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/16-walter-street-bangor-me-04401-1662774)

---

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