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  • $345,000

    12 Wiley Street, Bangor, ME 04401

    5beds
    3,496sqft
    Multi Family
    Built in 1910
    -- sqft lot
    $409,600 Zestimate®
    $99/sqft
    $1,879 Estimated rent

    Home value

    $409,600

    $373,000 - $446,000

    $1,879/mo

    Zestimate® history
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    $1,879/mo

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    Rent Zestimate®

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    $1,766/mo

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    $1,766/mo

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    What's special

    ATTENTION INVESTORS- this BANGOR apartment building is a money-making diamond in the rough. Capitalize on the untapped potential of this property by increasing rents (currently below market) and implementing strategic improvements, unlocking a lucrative opportunity in the thriving Bangor rental market. There's 2 two-bedroom units (including one with 2 bathrooms and another that has a rooftop deck), 1 large one bedroom, plus additional bonus space and a coin-op laundry room for added income. This building is enhanced with the recent installation of a metal roof. You and your tenants will appreciate the efficient natural gas heat; and two apartments also have heat pumps for supplemental heating and summer cooling. Tenants will love the location, ideally situated within walking distance to Pancoe Pool, Mansfield Stadium, and the local skate park, as well as easy access to both downtown Bangor and I-95. This property is fully occupied, and 2023 gross rental income was over $50k.

    Zillow last checked: 7 hours ago

    Listing updated: January 16, 2025 at 07:07pm

    Listed by:

    EXP Realty

    Bought with:

    NextHome Experience

    Source: Maine Listings,MLS#: 1581900MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Baseboard, Hot Water, Radiator
    Cooling
    • Heat Pump
    Features
    • Bathtub
    • Flooring: Carpet, Laminate, Vinyl, Wood
    • Basement: Interior Entry,Full,Unfinished
    Interior area
    • Total structure area: 3,496
    • Total interior livable area: 3,496 sqft
    • Finished area above ground: 3,496
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Paved, Off Street
    Features
    • Patio & porch: Deck
    Lot
    • Size: 6,534 sqft
    • Features: City Lot, Near Shopping, Neighborhood, Level, Open Lot
    Details
    • Additional structures: Shed(s)
    • Parcel number: BANGM021L007
    • Zoning: URD1

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Colonial,New Englander,Other
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Asbestos, Composition, Other
    • Foundation: Stone, Brick/Mortar
    • Roof: Metal
    Condition
    • Year built: 1910

    Utilities & green energy

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

    Community & neighborhood

    Location
    • Region: Bangor

    Other

    Other facts
    • Road surface type: Paved

    Price history

    DateEventPrice
    4/29/2024Sold$345,000+3%$99/sqft
    Source: Maine Listings #1581900 Report a problem
    2/16/2024Pending sale$335,000$96/sqft
    Source: Maine Listings #1581900 Report a problem
    2/10/2024Listed for sale$335,000$96/sqft
    Source: Maine Listings #1581900 Report a problem
    3/2/2021Listing removed--
    Source: Owner Report a problem
    9/6/2018Listing removed$800
    Source: Owner Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$4,140 $216,200
    2023$4,140 +10.9%$216,200 +18.1%
    2022$3,733 +0.3%$183,000 +9.7%

    Find assessor info on the county website

    Neighborhood: 04401

    Nearby schools

    GreatSchools rating
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