See child listing as single family residence: 1671323
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.
Active under contract
$249,900
15 Grace Court, Bangor, ME 04401
3beds
1,144sqft
Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$218/sqft
$-- HOA
What's special
- 87 days |
- 57 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Realty of Maine
Source: Maine Listings,MLS#: 1662790
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Baseboard, Hot Water
Cooling
- None
Features
- 1st Floor Bedroom
- Flooring: Carpet, Laminate, Vinyl, Linoleum
- Basement: Interior Entry,Full,Sump Pump,Unfinished
Interior area
- Total structure area: 1,144
- Total interior livable area: 1,144 sqft
- Finished area above ground: 1,144
- Finished area below ground: 0
Property
Parking
- Parking features: Paved, 1 - 4 Spaces
Accessibility
- Accessibility features: 32 - 36 Inch Doors
Features
- Levels: Multi/Split
- Patio & porch: Deck, Porch
Lot
- Size: 3,049 Square Feet
- Features: Near Shopping, Near Town, Shopping Mall, Rolling Slope
Details
- Parcel number: BANGM030L038
- Zoning: URD-1
- Other equipment: Internet Access Available
Construction
Type & style
- Home type: MultiFamily
- Architectural style: New Englander,Other
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Foundation: Stone, Poured Concrete, Brick/Mortar
- Roof: Shingle
Condition
- Year built: 1900
Utilities & green energy
- Electric: On Site, Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy efficient items: 90% Efficient Furnace, Ceiling Fans
Community & HOA
Location
- Region: Bangor
Financial & listing details
- Price per square foot: $218/sqft
- Tax assessed value: $124,500
- Annual tax amount: $2,669
- Date on market: 5/19/2026
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/16/2026 | Contingent | $249,900$218/sqft |
Source:  Maine Listings #1671323 Report a problem | ||
| 5/19/2026 | Listed for sale | $249,900$218/sqft |
Source: Maine Listings #1662790 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,384 | $124,500 |
| 2023 | $2,384 +8.9% | $124,500 +16% |
| 2022 | $2,189 -0.2% | $107,300 +9% |
| 2021 | $2,194 | $98,400 |
| 2020 | $2,194 +9.4% | $98,400 +12.8% |
| 2019 | $2,006 +5.7% | $87,200 +5.4% |
| 2018 | $1,898 +2.5% | $82,700 +0.7% |
| 2017 | $1,851 +2% | $82,100 +1.9% |
| 2016 | $1,814 +2.5% | $80,600 |
| 2015 | $1,769 +2.1% | $80,600 +1.4% |
| 2014 | $1,733 +4.8% | $79,500 |
| 2013 | $1,654 -13% | $79,500 -5.5% |
| 2012 | $1,901 +17.7% | $84,100 |
| 2011 | $1,615 -4.7% | $84,100 -5.5% |
| 2009 | $1,695 | $89,000 |
| 2008 | $1,695 +10.7% | $89,000 +12.8% |
| 2006 | $1,531 | $78,900 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 04401
Nearby schools
GreatSchools rating
- 7/10Fairmount SchoolGrades: 4-5Distance: 0.7 mi
- 6/10James F. Doughty SchoolGrades: 6-8Distance: 0.9 mi
- 6/10Bangor High SchoolGrades: 9-12Distance: 1.5 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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