# 16 Walter Street, Bangor, ME 04401

> **TL;DR:** 0bd/2ba residential multi family, $259,900 ($129/sqft), built 1900, 2,008 sqft.
> Hardwood. Est. $1,390/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 | Active |
| Days on Market | 0 |

## Why This Home Stands Out

- **Hardwood Floors** - Hardwood flooring listed

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $1,314 |
| Estimated Insurance | $76 |
| **Total** | **$1,390** |

## 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., Realtors
- **Phone:** 2072997695
- **Broker Phone:** 207-947-6788
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/16-Walter-St_Bangor_ME_04401_M38037-31493?f=listhub&s=MREISME&m=1662774&c=propsimple)

## Photos

![16 Walter Street - Photo 1](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f2944721128r.jpg)

![16 Walter Street - Photo 2](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f2215110486r.jpg)

![16 Walter Street - Photo 3](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f3966896835r.jpg)

![16 Walter Street - Photo 4](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f1603447302r.jpg)

![16 Walter Street - Photo 5](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f1081726828r.jpg)

![16 Walter Street - Photo 6](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f152696230r.jpg)

![16 Walter Street - Photo 7](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f3201294195r.jpg)

![16 Walter Street - Photo 8](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f3935734172r.jpg)

![16 Walter Street - Photo 9](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f2732012718r.jpg)

![16 Walter Street - Photo 10](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f1331398450r.jpg)

![16 Walter Street - Photo 11](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f617029316r.jpg)

![16 Walter Street - Photo 12](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f3592524242r.jpg)

![16 Walter Street - Photo 13](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f2666905670r.jpg)

![16 Walter Street - Photo 14](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f3785795799r.jpg)

![16 Walter Street - Photo 15](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f3204178140r.jpg)

![16 Walter Street - Photo 16](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f3028567849r.jpg)

![16 Walter Street - Photo 17](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f2538942986r.jpg)

![16 Walter Street - Photo 18](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f1601715185r.jpg)

![16 Walter Street - Photo 19](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f3872241019r.jpg)

![16 Walter Street - Photo 20](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f3066573822r.jpg)

![16 Walter Street - Photo 21](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f1714180872r.jpg)

![16 Walter Street - Photo 22](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f1455841359r.jpg)

![16 Walter Street - Photo 23](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f832659320r.jpg)

![16 Walter Street - Photo 24](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f2223635649r.jpg)

![16 Walter Street - Photo 25](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f2935502217r.jpg)

![16 Walter Street - Photo 26](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f2015260921r.jpg)

![16 Walter Street - Photo 27](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f3984573637r.jpg)

![16 Walter Street - Photo 28](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f2454966741r.jpg)

![16 Walter Street - Photo 29](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f987101814r.jpg)

![16 Walter Street - Photo 30](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f1701980555r.jpg)

![16 Walter Street - Photo 31](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f1730087873r.jpg)

![16 Walter Street - Photo 32](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f573095901r.jpg)

![16 Walter Street - Photo 33](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f111565910r.jpg)

![16 Walter Street - Photo 34](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f4010234316r.jpg)

![16 Walter Street - Photo 35](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f1445349150r.jpg)

![16 Walter Street - Photo 36](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f2609534793r.jpg)

![16 Walter Street - Photo 37](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f3742652310r.jpg)

![16 Walter Street - Photo 38](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f307345888r.jpg)

![16 Walter Street - Photo 39](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f1273528750r.jpg)

![16 Walter Street - Photo 40](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f2499478509r.jpg)

![16 Walter Street - Photo 41](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f2650150623r.jpg)

![16 Walter Street - Photo 42](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f4197298663r.jpg)

![16 Walter Street - Photo 43](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f3796349912r.jpg)

![16 Walter Street - Photo 44](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f2071444685r.jpg)

![16 Walter Street - Photo 45](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f1319652154r.jpg)

![16 Walter Street - Photo 46](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f1412843132r.jpg)

![16 Walter Street - Photo 47](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f830729399r.jpg)

![16 Walter Street - Photo 48](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f3137339593r.jpg)

![16 Walter Street - Photo 49](http://lh.rdcpix.com/6452c0c95c4b2f426816a0c7e0b968dfl-f3716320409r.jpg)

---

**MLS#:** 1662774 | **Updated:** 2026-09-13
**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.ai/listing/16-walter-street-bangor-me-04401-1662774)

---

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