87 Cumberland Street

Bangor

$525,000
SoldMLS# 1613996Sold on Mar 21, 2025
  • Multi-Family
  • Built in 1900
  • 0.11 AC
  • 5 BA
  • 0.11 Acres
  • 3,996 SqFt

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!

  • Style Other
  • Year Built 1900
  • County Penobscot
  • City Bangor
  • Lot Size 0.11 acres
  • Zone URD-2
  • Location Interior Lot, Intown, Near Country Club, Near Golf Course, Near Shopping, Near Town, Near Turnpike/Interstate
  • Seasonal No
  • Water Frontage No
  • Full Tax Amount $5,068.00
  • Tax Year 2024
  • Monthly Association Fee $0.00
  • Total Units 4
  • Baths Total 5
  • Baths Full 4
  • Baths Half 1
  • SQFT Finished Above Grade 3996
  • Basement Full, Unfinished, Walk-Out Access
  • Amenities 1st Floor Bedroom, 1st Floor Primary BR w/Bath, Laundry - 1st Floor, Laundry - 2nd Floor, Laundry - Coin, One-Floor Living, Primary Bedroom w/Bath, Shower, Storage
  • Equipment Internet Access Available
  • Construction Wood Frame
  • Exterior Vinyl Siding
  • Foundation Materials Brick/Mortar, Stone
  • Basement Full, Unfinished, Walk-Out Access
  • Roof Flat, Other
  • Floors Vinyl, Wood
  • Heat System Baseboard, Hot Water, Radiator
  • Heat Fuel Gas Natural
  • Gas Natural - On Site
  • Water Heater Off Heating System
  • Electric Yes
  • Water Yes
  • Waste Water Disposal Public Sewer
  • Driveway Paved
  • Parking 5 - 10 Spaces, Off Street, Paved
  • Roads Paved, Public
Listed By:
Realty of Maine
Sold By:
Realty of Maine