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$474,900
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Property Description
Amazing Investment Opportunity! This completely gut renovated duplex features two 2-bedroom/1 bath units. The property received a major high end renovation in 2020 down to the studs. These pristine units have brand new solid oak flooring throughout, granite countertops and stainless steel appliances, tile bathrooms with custom glass showers and 2nd floor laundry. The original trim was carefully removed and refinished to perfection before being reinstalled. Each unit features a single car garage on the lower level with basement access through mudroom and storage area. This beautiful building has brand new plumbing, heating and electrical throughout. Utilities are separately metered for each unit. Each unit features its own high efficiency natural gas boiler with baseboard heat along with new windows, doors, insulation and newer roof. Properties share a large driveway which was paved at time of renovations. Units rent at high rates to high end professionals with tenants paying all their own utilities.
Full Property Details
Full Property Details for 54-56 Third St
General
- Price: $474,900
- Taxes: $4,394 (2024)
- Status: Active
- Type: Multi-Family
- Source: MREIS
- MLS ID: 1591648
- Updated: 10/4/2025
- Added to Site: 596 day(s) ago
Interior
- Flooring: Wood, Tile
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Parking Features: 1 - 4 Spaces, Paved
Location
- County: Penobscot
Heating & Cooling
- Cooling Type: None
- Heating Type: Radiant, Hot Water, Baseboard
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Utilities On
Structural Information
- Architectural Style: Other
- Structure Type: Duplex
- Construction: Fiber Cement, Wood Frame
- Roof: Shingle
- Building Size: 2364
- Square Feet: 2,364
- Living Area: 2,364 Sq. Ft.
- Finished Total: 2,364 Sq. Ft.
- Finished Above Grnd: 2,364 Sq. Ft.
- Year Built: 1920
Lot Features
- Lot Size (Acres): 0.09
- Lot Size (Sq. Ft.): 3,920.4
- Lot Size Source: Public Records
- Zoning: Residential Lot
- Lot Description: Corner Lot, Level, Sidewalks, Intown, Near Shopping
Financial Considerations
- Tax Amount: $4,394.92
- Tax Year: 2024
Disclosures and Reports
- Lot Number: 205
Listed by List With Freedom.com (855) 456-4945
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Price & Sales History for 54-56 Third St
Date
Details
Price
Change
Source
6/22/2025
Price Reduced
$474,900
-2.06%
MLS
5/16/2025
Price Reduced
$484,900
-1.02%
MLS
7/29/2024
Price Reduced
$489,900
-1.82%
MLS
6/16/2024
Price Reduced
$499,000
-0.18%
MLS
5/31/2024
Listed
$499,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 54-56 Third St
54-56 Third Street, Bangor, ME 04401 (MLS# 1591648) is a Multi-Family property with 2 units containing 0 bedrooms and 2 full bathrooms. 54-56 Third Street is currently listed for $474,900 and was received on May 31, 2024. Want to learn more about 54-56 Third 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.

