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  • $525,000

    87 Cumberland Street, Bangor, ME 04401

    7beds
    3,996sqft
    Multi Family
    Built in 1900
    -- sqft lot
    $552,200 Zestimate®
    $131/sqft
    $-- Estimated rent

    Home value

    $552,200

    $414,000 - $740,000

    Not available

    Zestimate® history
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    What's special

    Spectacular 4-unit multi-family property, ideally located near NL EMMC and St. Joseph's hospitals. This well-maintained building offers high-end rental potential with a mix of furnished and unfurnished units, perfect for Airbnb, traveling nurses, or long-term tenants. A prime investment opportunity with excellent cash flow and strong return potential! Unit 1 (First Floor): Spacious 3 BR, 1 BA with a private laundry room and granite countertops. Unit 2 (Second Floor): 2 BR, 1.5 BA, unfurnished. Units 3 & 4 (Third Floor): Each is a 1 BR, 1 BA unit, fully furnished and move-in ready. Investment Highlights: ✔ High-income potential with a mix of short- and long-term rental options. ✔ Units 1, 3, and 4 are fully furnished—furnishings negotiable. ✔ Shared coin-operated laundry for Units 2, 3, and 4. ✔ Beautiful hardwood floors throughout most of the building. ✔ Two separate natural gas boilers & designated electric meters. ✔ Prime location within walking distance to downtown restaurants, theater, shopping, and both hospitals. A fantastic opportunity to own a turn-key, income-generating property in a thriving rental market! Schedule your showing today! This will not last long on the market!

    Zillow last checked:

    Listing updated:

    Listed by:

    Realty of Maine

    Bought with:

    Realty of Maine

    Source: Maine Listings,MLS#: 1613996MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 5
    • Full bathrooms: 4
    • 1/2 bathrooms: 1
    Heating
    • Baseboard, Hot Water, Radiator
    Cooling
    • Wall/Window Unit(s)
    Features
    • Flooring: Vinyl, Wood
    • Windows: Double Pane Windows
    • Basement: Interior Entry
    • Number of fireplaces: 3
    • Furnished: Yes
    Interior area
    • Total structure area: 3,996
    • Total interior livable area: 3,996 sqft
    • Finished area above ground: 3,996
    • Finished area below ground: 0

    Property

    Features
    • Levels: Multi/Split
    • Stories: 3
    Lot
    • Size: 4,791 Square Feet
    Details
    • Parcel number: BANGM040L130
    • Zoning: URD-2

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Multi Family
    Materials
    • Roof: Flat,Other
    Condition
    • Year built: 1900

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Utilities On

    Community & HOA

    Location
    • Region: Bangor

    Financial & listing details

    • Price per square foot: $131/sqft
    • Tax assessed value: $214,200
    • Annual tax amount: $5,068
    • Date on market: 2/6/2025
    • Exclusions: None

    Price history

    DateEventPrice
    4/28/2026Listing removed$2,000$1/sqft
    Source: Zillow Rentals Report a problem
    1/28/2026Listed for rent$2,000-11.1%$1/sqft
    Source: Zillow Rentals Report a problem
    7/25/2025Listing removed$2,250$1/sqft
    Source: Zillow Rentals Report a problem
    5/1/2025Price change$2,250-10%$1/sqft
    Source: Zillow Rentals Report a problem
    4/28/2025Listed for rent$2,500+56.3%$1/sqft
    Source: Zillow Rentals Report a problem
    3/24/2025Pending sale$525,000$131/sqft
    Source: Maine Listings #1613996 Report a problem
    3/21/2025Sold$525,000$131/sqft
    Source: Maine Listings #1613996 Report a problem
    3/13/2025Listing removed$1,600
    Source: Zillow Rentals Report a problem
    2/7/2025Contingent$525,000$131/sqft
    Source: Maine Listings #1613996 Report a problem
    2/6/2025Listed for sale$525,000$131/sqft
    Source: Maine Listings #1613996 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$4,102 $214,200
    2023$4,102 +13.3%$214,200 +20.7%
    2022$3,621 +4%$177,500 +13.6%
    2021$3,483 $156,200
    2020$3,483 +28.6%$156,200 +32.6%
    2019$2,709 +8.3%$117,800 +8.1%
    2018$2,502 +2.5%$109,000 +0.6%
    2017$2,442 +2.5%$108,300 +2.3%
    2016$2,383 +2.5%$105,900
    2015$2,325 +4.9%$105,900 +4.1%
    2014$2,217 +4.8%$101,700
    2013$2,115 -8%$101,700
    2012$2,298 +0.3%$101,700 -14.8%
    2011$2,292 -22.4%$119,400 -23%
    2009$2,953 $155,000
    2008$2,953 +4.3%$155,000 +6.2%
    2006$2,830 $145,900
    Find assessor info on the county website

    Neighborhood: 04401

    Nearby schools

    GreatSchools rating
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