Date
Details
Price
Change
Source
5/19/2026
Listed
$259,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$259,900
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Property Description
This premier multi-unit property offers a strategic blend of stable cash flow and significant value-add potential in the heart of Bangor. The upper level features a reliable, long-term tenant with an exemplary history, while the recently renovated lower level, requiring only minor finishing touches, is perfect for immediate owner-occupancy or a premium rental. Investors will benefit from day-one equity growth as current rents are well below market value and already feature approval for Section 8 increases. Beyond the interior's potential for forced appreciation, the property is situated directly on the natural gas line; converting the current oil-fired boiler to natural gas allows a free hookup from Bangor Gas, drastically reducing overhead and maximizing monthly margins. Unrivaled in convenience, this asset is within walking distance of the Waterfront, the Cross Center, and downtown dining, while sitting on a major bus route. Do not miss this chance to secure a high-performance asset in an optimal location.
Full Property Details
Full Property Details for 16 Walter St
General
- Price: $259,900
- Taxes: $3,024 (2024)
- Status: Active
- Type: Multi-Family
- Source: MREIS
- MLS ID: 1662774
- Updated: 6/4/2026
- Added to Site: 50 day(s) ago
Interior
- Flooring: Wood, Hardwood, Linoleum
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Other Rooms
- Laundry: Washer Hookup
Exterior
- Porch/Patio/Deck: Deck
Parking
- Parking Features: Common, Gravel, 5 - 10 Spaces
Location
- County: Penobscot
Community
- Pets Allowed: Yes
Heating & Cooling
- Cooling Type: None
- Heating Type: Oil, Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Utilities On
Structural Information
- Architectural Style: Colonial
- Construction: Wood Frame, Vinyl Siding
- Basement: Yes
- Basement Desc.: Interior Entry, Dirt Floor, Full, Sump Pump, Unfinished, Brick/Mortar
- Roof: Shingle
- Stories/Levels: 2
- Square Feet: 2,008
- Finished Total: 2,008 Sq. Ft.
- Finished Above Grnd: 2,008 Sq. Ft.
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.09
- Lot Size (Sq. Ft.): 3,920.4
- Zoning: Residential
- Lot Description: Intown, Near Golf Course, Near Turnpike/Interstate, Neighborhood, Level, Sidewalks, Near Public Transit
Financial Considerations
- Operating Expenses: $17,044
- Tax Amount: $3,024
- Tax Year: 2024
Disclosures and Reports
- Lot Number: 141
Listed by ERA Dawson-Bradford Co. (207) 947-6788
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 16 Walter St —
ERA Dawson-Bradford Co.
207-947-6788
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 16 Walter St
School District:Bangor
| Name | Grades | Distance |
|---|---|---|
Vine Street School 66 Vine Street, Bangor, ME 04401 | PK-3 | 0.5 mi |
Fairmount School 58 13th Street, Bangor, ME 04401 | 4-5 | 1 mi |
James F. Doughty School 143 5th Street, Bangor, ME 04401 | 6-8 | 0.5 mi |
Bangor High School 885 Broadway, Bangor, ME 04401 | 9-12 | 2.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 16 Walter St
Tax History
Tax History for 16 Walter St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,089
2%
$167,700
6%
2024
$3,024
11%
$157,500
10%
2023
$2,735
12%
$142,800
19%
2022
$2,444
6%
$119,800
16%
2021
$2,310
2%
$103,600
6%
2020
$2,269
5%
$97,800
4%
2019
$2,157
7%
$93,800
7%
2018
$2,017
-1%
$87,900
-3%
2017
$2,034
—
$90,200
—
2016
$2,034
3%
$90,400
—
2015
$1,984
2%
$90,400
2%
2014
$1,940
5%
$89,000
—
2013
$1,851
—
$89,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 16 Walter St
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- Active
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- Single Family
- Active
- Updated 15 hours ago
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- Duplex
- Closed
- Updated 12 days ago
- 3Total Baths
- 3,088Sq. Ft.
Listed by Better Homes & Gardens Real Estate/The Masiello Group
Sold by ERA Dawson-Bradford Co.
Sold by ERA Dawson-Bradford Co.
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- Closed
- Updated 12 days ago
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Sold by Realty of Maine
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- Updated 12 days ago
- 3Beds
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Listed by ERA Dawson-Bradford Co.
Sold by Realty of Maine
Sold by Realty of Maine
16 Walter Street, Bangor, ME 04401 (MLS# 1662774) is a Multi-Family property with 2 units containing 0 bedrooms and 2 full bathrooms. 16 Walter Street is currently listed for $259,900 and was received on May 19, 2026. Want to learn more about 16 Walter 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.