176 Court Street

Bangor, ME 04401

$459,000
Price
5
Beds
4
Baths
2,266 Sq. Ft.
$203 / Sq. Ft.
2,266
Sq. Ft.
$203
per Sq. Ft.
Back Entries
Back Right
Back Left
Right Side
Front View
Left View
Front Porch
Service Entry
Unit 1 - Kitchen
Unit 1 - Kitchen
Unit 1 - Kitchen
Unit 1 - Kitchen
Unit 1 - Living Room
Unit 1 - Bathroom
Unit 1 - Bedroom 1
Unit 1 - Bedroom 1
Unit 1 - Bedroom 2
Unit 2 - Kitchen
Unit 2 - Kitchen
Unit 2 - Kitchen
Unit 2 - Kitchen
Unit 2 - Living Room
Unit 2 - Bathroom
Unit 2 - Bathroom
Unit 2 - Hallway
Unit 2B - Bredroom
Unit 2B - Kitchen
Unit 2B - Kitchen
Unit 2B - Living Room
Unit 2B - Living/Dining Room
Unit 2B - Hallway
Unit 2B - Bathroom
Unit 3 - Kitchen
Unit 3 - Kitchen
Unit 3 - Living Room
Unit 3 - Living Room
Unit 3 - Bedroom
Unit 3 - Bedroom
Unit 3 - Bathroom
Unit 3 - Bathroom

Description

Discover the potential of 176 Court Street, Bangor, ME 04401, a meticulously maintained 3-4 unit residential property situated in the heart of Bangor. Ideal for investors seeking stable income, this property features a mix of units ranging from 1-bedroom to 2-bedrooms, all leased to reliable tenants, including one who has resided for over 15 years. This investment stands out with its substantial Net Operating Income due to remarkably low operating expenses, ensuring profitable margins. Each unit...Discover the potential of 176 Court Street, Bangor, ME 04401, a meticulously maintained 3-4 unit residential property situated in the heart of Bangor. Ideal for investors seeking stable income, this property features a mix of units ranging from 1-bedroom to 2-bedrooms, all leased to reliable tenants, including one who has resided for over 15 years. This investment stands out with its substantial Net Operating Income due to remarkably low operating expenses, ensuring profitable margins. Each unit offers comfortable living spaces with modern amenities and consistent updates to meet tenant needs, making it a turnkey operation for the new owner. Located in a prime area close to shops, schools, and public transportation, the building enjoys steady demand. Financially, the property generates $58,800 annually with an attractive 8% cap rate. This is a compelling opportunity for those looking to expand their portfolio or enter the market with a dependable, income-producing asset.
  1. Listed by Jason Edwards • EXP Realty

Property Details for 176 Court Street

Waterfront
No
ArchitecturalStyle
Cape
Garage
No
Zoning
URD2
LISTING UPDATED: 11/25/2024 08:00 AM

Property Details for 176 Court Street

StatusActive
MLS #1606822
Days on Market64
Taxes$3,058 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family
Year Built1900
Lot Size0.14 AC / 6,098 SF
CountyPenobscot County

Building Information for 176 Court Street

Stories2Residences4Year Built1900Building Size-Lot Size0.14 AC / 6,098 SF

Property Information for 176 Court Street

Summary
Location and General Information
  • Road Surface Type: Paved
  • Zip Code: 7424
  • Directions: Located on the corner of Ohio Street and Court Street.
  • Town: Bangor
  • State/Province: ME
  • Zip Code: 04401
  • County: Penobscot
  • Geo Latitude: 44.805034
  • Geo Longitude: -68.779927
  • Tax Lot: 116
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Site:Sidewalks: Yes
  • Location:Intown: Yes
  • Location:Near Town: Yes
Parking
  • Parking Features: 1 - 4 Spaces, Gravel, On Site, Off Street
  • Attached Garage: No
Taxes and HOA Information
  • Tax Book Number: 16984
  • Tax Map Number: 32
  • Tax Year: 2023
  • Parcel Number: BANG-000032-000000-000116
  • Location Information:Association Y/N: No
  • Tax Annual Amount: $3,058.00
Virtual Tour
Property
Heating and Cooling
  • Water Heater:Off Heating System: Yes
Lot Information
  • SqFt Finished Below Grade: 0.0
  • SqFt Finished Above Grade: 2266.0
  • Lot Size Acres: 0.14
  • Source of Acreage: Public Records
  • Building Area Total: 2266.0
  • Lot Size Area: 0.14
  • Lot Size Units: Acres
  • Lot Size Square Feet: 6098.4
  • Bathrooms Full: 4
  • Bathrooms Half: 0
  • Street Number: 176
  • Property Information:Surveyed: Unknown
  • Property Information:Seasonal: No
  • Property Information:Owner Occupied: No
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Deed/Conveyance Type Offered: Warranty
  • Property Information:Deed: All
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Property Information:2 Detached Houses on 1 Lot: No
  • Property Information:Total Half Baths: .00
  • Property Information:Color: Tan
  • Property Information:Source of Road Frontage: Public Records
Parking
  • Driveway:Gravel: Yes
Property and Assessments
  • Sign on Property: Yes
  • Leased Land: No
  • Property Type: Multi-Family
  • Property Type Label: Multi-Family
  • Year Built: 1900
Utilities
  • Electric: Circuit Breakers
  • Sewer: Yes
  • Water Source: Public
  • Utilities:Utilities On: Yes
  • Gas:Natural - On Site: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding, Wood Frame
  • # Fireplaces: 0
  • Fireplace: No
  • Vehicle Storage:No Vehicle Storage: Yes
  • Roof: Pitched, Shingle
  • Patio and Porch Features:Porch: Yes
Interior Features
  • Basement: Full, Interior Entry, Unfinished
  • Flooring: Wood, Carpet
  • Cooling: None
  • Heating: Radiator, Hot Water
  • Foundation Details: Other, Brick/Mortar
  • # Stories: 2
  • # Floors: 2
  • Bathrooms Total (Integer): 4
  • Bathrooms Total (Decimal): 4.00
  • Bathrooms Total (Notational): 4.00
  • Cooling YN: No
  • Heating YN: Yes
Multi Family
Income & Expenses Information
  • Gross Income: $58,800.00
  • Operating Expenses: $19,082.00
Multi-Family Information
  • Number of Units: 4
  • Building Info:# Fireplaces: 0
  • Building Info:# Stories: 2
  • Building Info:# Floors: 2
  • Building Info:# Heating Units: 1
  • Building Info:# Water Heaters: 1
Unit 1
  • Unit 1:Lease: Yes
  • Unit 1:Level: First
  • Unit 1:Security Deposit: Yes
  • Unit 1:Monthly Rent: $1,600.00
  • Unit 1:# Full Baths: 1.00
  • Unit 1:# of Half Baths: .00
  • Unit 1:# of Rooms: 4.00
  • Unit 1:# of Bedrooms: 2.00
  • Unit 1:Dedicated Electric Meter: Yes
  • Unit 1:Dedicated Gas Meter: No
  • Unit 1:Dedicated Water Heater: No
  • Unit 1:Electric: No
  • Unit 1:Heat: Yes
  • Unit 1:Range: Yes
  • Unit 1:Refrigerator: Yes
  • Unit 1:Sewer: Yes
  • Unit 1:Water: Yes
Unit 2
  • Unit 2:Lease: Yes
  • Unit 2:Level: Second
  • Unit 2:Security Deposit: No
  • Unit 2:Monthly Rent: $1,100.00
  • Unit 2:# Full Baths: 1.00
  • Unit 2:# Half Baths: .00
  • Unit 2:# of Rooms: 4.00
  • Unit 2:# of Bedrooms: 1.00
  • Unit 2:Dedicated Electric Meter: Yes
  • Unit 2:Dedicated Gas Meter: No
  • Unit 2:Dedicated Water Heater: No
  • Unit 2:Electric: No
  • Unit 2:Heat: Yes
  • Unit 2:Range: Yes
  • Unit 2:Refrigerator: Yes
  • Unit 2:Sewer: Yes
  • Unit 2:Water: Yes
Unit 3
  • Unit 3:Lease: Yes
  • Unit 3:Level: Second
  • Unit 3:Security Deposit: Yes
  • Unit 3:Monthly Rent: $1,100.00
  • Unit 3:# Full Baths: 1.00
  • Unit 3:# Half Baths: .00
  • Unit 3:# of Rooms: 2.00
  • Unit 3:# of Bedrooms: 1.00
  • Unit 3:Dedicated Electric Meter: Yes
  • Unit 3:Dedicated Gas Meter: No
  • Unit 3:Dedicated Water Heater: No
  • Unit 3:Electric: No
  • Unit 3:Heat: Yes
  • Unit 3:Range: Yes
  • Unit 3:Refrigerator: Yes
  • Unit 3:Sewer: Yes
  • Unit 3:Water: Yes
Unit 4
  • Unit 4:Lease: No
  • Unit 4:Level: First
  • Unit 4:Security Deposit: No
  • Unit 4:Monthly Rent: $1,100.00
  • Unit 4:# Full Baths: 1.00
  • Unit 4:# Half Baths: .00
  • Unit 4:# of Rooms: 3.00
  • Unit 4:# of Bedrooms: 1.00
  • Unit 4:Dedicated Electric Meter: Yes
  • Unit 4:Dedicated Gas Meter: No
  • Unit 4:Dedicated Water Heater: No
  • Unit 4:Electric: No
  • Unit 4:Heat: Yes
  • Unit 4:Range: Yes
  • Unit 4:Refrigerator: Yes
  • Unit 4:Water: Yes
Unit Information
  • Units:# of 1 BD Units: 3
  • Units:# of 2 BD Units: 1
  • Units:# of 3 BD Units: 0
  • Units:# of 4+ BD Units: 0

Property History for 176 Court Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 176 Court Street

Taxable ValueLand$14,000Additions$161,100Total$175,100
Tax Record2024$3,248 ($271 / month)
Home Facts
Baths2Total Finished SqFt1,890 SqFtAbove Grade Finished SqFt1,890 SqFtStories2Lot Size6,098 SqFtStyleDuplexYear Built1900ZoningURD2CountyPENOBSCOTAPNBANG M:032 L:116Fireplace TypeHas Fireplace

Schools near 176 Court Street

This home is within Bangor Public Schools.
Rating
School
Type
Grades
Distance
Vine Street School
Public - PK to 3
Fairmount School
Public - 4 to 5
James F. Doughty School
Public - 6 to 8
Bangor High School
Public - 9 to 12
Rating
School
Distance
Vine Street School
PublicPK to 3

Fairmount School
Public4 to 5

James F. Doughty School
Public6 to 8

Bangor High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 176 Court Street, Bangor, ME 04401

176 Court Street is a multi-family home for sale in Bangor, ME 04401. This property was listed for sale on October 13, 2024 by EXP Realty, it's currently listed at $459,000. It has been on the market for a total of 64 days and was last sold on October 26, 2023. This listing's school district is Bangor Public Schools. Nearby schools include Vine Street School, Fairmount School and James F. Doughty School. 176 Court Street is a 5-bed, 4-bath, 2,266 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EXP Realty

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2022 Maine Real Estate Information System, Inc. All Rights Reserved.