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$405,000
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Property Description
Don't miss your chance to own two properties on one lot in one of Bangor's most desirable neighborhoods. This unique package features four total units, providing instant scale for your portfolio. Located in the sought-after Tree Street District, the properties are surrounded by a vibrant, walkable community with strong rental demand. Three of the four units are already rented long-term, delivering immediate cash flow and stability from day one. With one unit available for an owner-occupant or new tenant, you have flexibility to maximize returns. The Tree Street area's reputation for charm and convenience ensures ongoing demand, making vacancies rare and rent growth steady. Opportunities like this rarely come on the market - especially with multiple units on a single lot in such a prime location. Whether you're looking to expand your existing holdings or make a smart entry into Bangor's multifamily market, this property checks all the boxes: location, cash flow, and future appreciation potential. Property is Broker Owned.
Full Property Details
Full Property Details for 114 &116 5 Elm St
General
- Sold For: $405,000
- Taxes: $7,572 (2025)
- Status: Closed
- Type: Multi-Family
- Source: MREIS
- MLS ID: 1636637
- Added to Site: 100 day(s) ago
Interior
- Interior Features: 1st Floor Bedroom, Bathtub
- Flooring: Wood, Vinyl, Tile, Carpet
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Other Rooms
- Laundry: Washer Hookup
Additional Information
- Equipment: Internet Access Available
Parking
- Parking Features: 5 - 10 Spaces, Gravel, On-Site Parking
Location
- County: Penobscot
Heating & Cooling
- Cooling Type: None
- Heating Type: Hot Water, Baseboard
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Other, Colonial
- Construction: Vinyl Siding, Asbestos, Wood Frame
- Roof: Metal, Shingle
- Building Size: 3442
- Square Feet: 3,442
- Living Area: 3,442 Sq. Ft.
- Finished Total: 3,442 Sq. Ft.
- Finished Above Grnd: 3,442 Sq. Ft.
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.15
- Lot Size (Sq. Ft.): 6,534
- Lot Size Source: Public Records
- Zoning: URD1
- Lot Description: Open, Level, Sidewalks, Intown, Neighborhood
Financial Considerations
- Tax Amount: $7,572
- Tax Year: 2025
Disclosures and Reports
- Lot Number: 166
Listed by NextHome Experience (207) 573-7400
Sold by Realty of Maine (207) 942-6310
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Price & Sales History for 114 &116 5 Elm St
Date
Details
Price
Change
Source
12/15/2025
Sold
$405,000
-3.57%
MLS
9/06/2025
Listed
$420,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
114 &116.5 Elm Street, Bangor, ME 04401 (MLS# 1636637) is a Multi-Family property that was sold at $405,000 on December 15, 2025. Want to learn more about 114 &116.5 Elm Street? Do you have questions about finding other Multi-Family real estate for sale in Bangor? You can browse all Bangor real estate or contact a Coldwell Banker agent to request more information.

