Bought with Non MREIS Agency
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Key Details
Sold Price $60,000
Property Type Residential
Sub Type Single Family Residence
Listing Status Sold
Square Footage 1,280 sqft
MLS Listing ID 1615212
Style Other
Bedrooms 4
Full Baths 1
Year Built 1900
Annual Tax Amount $688
Tax Year 2024
Lot Size 5,662 Sqft
Property Sub-Type Single Family Residence
Property Description
Investor Opportunity in Prime Bangor Location - 186 Third St
Unlock the potential of this 3-bedroom, 1-bathroom home with incredible value-add possibilities! With a little vision, this property can easily be converted into a 4-bedroom, 1.5-bathroom layout — perfect for increasing rental income or resale value. Plus, enjoy peace of mind knowing a **brand-new roof was added in early January 2025**, saving you on major upfront costs.
But the opportunity doesn't stop there — after discussions with the city, it's confirmed that an investor could remove the existing structure and build a single-family home with an ADU (Accessory Dwelling Unit). This opens the door for dual rental income or a flexible multi-generational living space, making it a truly versatile investment.
Located just minutes from the Maine Savings Amphitheatre and Bangor's growing downtown area, this property sits in a developing neighborhood with rising demand and excellent long-term potential. Whether you choose to renovate, rebuild, or rent, this is an investment you don't want to miss.
Don't wait — opportunities like this are rare in such a prime location!
Location
State ME
County Penobscot
Zoning URD-1
Interior
Heating No Heat System
Cooling None
Flooring Wood
Exterior
Parking Features 1 - 4 Spaces, Gravel
View Y/N No
Roof Type Shingle
Building
Lot Description Corner Lot, Intown, Near Turnpike/Interstate
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding,Wood Frame
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