16 Walter St

Bangor, ME 04401

$259,900
Price
—
Beds
2,008 Sq. Ft.
$129 / Sq. Ft.
2,008
Sq. Ft.
$129
per Sq. Ft.
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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...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.
  1. Listed by Richard Kenefic • ERA Dawson-Bradford Co.
    P: (207)-299-7695 C: (207)-299-7695 richkenefic@eradawson.com

Property Details for 16 Walter Street

Architectural Style
Colonial
Has Waterfront
No
Zoning
Residential
LISTING UPDATED: 06/10/2026 04:39 PM

Property Details for 16 Walter Street

StatusActive
MLS #1662774
Days on Market47
Taxes$3,024 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family
Year Built1900
Lot Size0.09 AC / 3,920 SF
CountyPenobscot County
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Location

Listing Courtesy of ERA Dawson-Bradford Co.
Add your commute

Building Information for 16 Walter Street

Stories2Residences2Year Built1900Building Size-Lot Size0.09 AC / 3,920 SF

Payment Calculator

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$1,547 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,295

Property Taxes

$252

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 16 Walter Street

Summary
Location and General Information
  • Water View: No
  • Location: Intown, Near Golf Course, Near Shopping, Near Turnpike/Interstate, Neighborhood
  • Page: 167
  • Directions: From downtown Bangor, drive south on Main St. about ¾ of a mile. Take a right onto Walter St. The house is the 3rd house on the left.
  • Latitude: 44.792588
  • Longitude: -68.776833
  • Transportation: Major Road Access, Near Airport, Public Transport Access
  • Island: No
Taxes and HOA
  • Parcel Number: BANG-000025-000000-000141
  • Tax Lot: 141
  • Tax Book Number: 16102
  • Tax Map Number: 025
  • Tax Year: 2024
  • Tax Annual Amount: $3,024.00
Parking
  • Parking Features: Common, Gravel, 5 - 10 Spaces
  • Vehicle Storage: No Vehicle Storage
  • Has Attached Garage: No
  • Has Garage: No
Property
Lot Information
  • Lot Features: Intown, Near Golf Course, Near Turnpike/Interstate, Neighborhood, Level, Sidewalks, Near Public Transit
  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 3920.4
  • Lot Size Units: Acres
  • 2 Detached Houses on 1 Lot: No
  • Roads: Paved, Public
  • Road Surface Type: Paved
  • Has Road Frontage: Yes
  • Road Frontage: 50.0
  • Source of Road Frontage: Public Records
  • SqFt Source: Public Records
  • Tree Growth: No
Property and Assessments
  • Above Grade Finished Area: 2008.0
  • Building Area Total: 2008.0
  • Property Type: Multi-Family
  • Deed: All
  • Deed/Conveyance Type Offered: Warranty
  • Restrictions: No Restrictions
  • Year Built: 1900
Building Features
  • Foundation Details: Brick/Mortar
  • Construction Materials: Wood Frame, Vinyl Siding
  • Color: Blue
  • Stories: 2
  • Stories Total: 2
Financial Information
  • List Price/SqFt: $129.43
Utilities
  • # Heating Units: 2
  • # Water Heaters: 2
  • Electric: Circuit Breakers
  • Gas: Bottled
  • Sewer: Public Sewer
  • Water Source: Public
  • Water Heater: Electric
  • Utilities: Utilities On
  • Utilities On: Yes
Interior and Exterior Features
Exterior Features
  • Roof: Shingle
  • Patio And Porch Features: Deck
Interior Features
  • Amenities: Laundry - Hookup
  • Bathrooms Full: 2
  • Bathrooms Total Decimal: 2.0
  • Bathrooms Total Integer: 2
  • Laundry Features: Washer Hookup
  • Basement: Interior Entry, Dirt Floor, Full, Sump Pump, Unfinished, Brick/Mortar
  • Has Cooling: No
  • Heating: Oil, Forced Air
  • Has Heating: Yes
  • Flooring: Wood, Hardwood, Linoleum
Multi Family
Multi Family Information
  • # of 2 BD Units: 2
  • Number Of Units Total: 2
Income & Expenses
  • Gross Income: $29,210.00
  • Operating Expense: $17,044.00
Rental
Rent Information
  • Land Lease: No
  • Pets Allowed: No Restrictions
Tenant Information
  • Occupant Type: No

Property History for 16 Walter Street

DateEvent & SourcePriceAppreciation
May 19, 2026

Listed (Active)

Maine Listings #1662774

$259,900—
Jul 9, 2021

Sold

Maine Listings #1492330

$115,000—
Jun 17, 2021

Pending

Maine Listings #1492330

—
DateEvent & SourcePrice
05/19/2026

Listed (Active)

Maine Listings #1662774

$259,900
07/09/2021

Sold

Maine Listings #1492330

$115,000
06/17/2021

Pending

Maine Listings #1492330

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 16 Walter Street

Taxable ValueLand$9,300Additions$158,400Total$167,700
Tax Record2025$3,089 ($257 / month)
Home Facts
Baths2Total Finished SqFt2,064 SqFtAbove Grade Finished SqFt2,064 SqFtStories2Lot Size3,920 SqFtStyleDuplexYear Built1900ZoningUSDCountyPENOBSCOTAPNBANG M:025 L:141

Schools near 16 Walter Street

This home is within Bangor Public Schools.
Rating
School
Type
Grades
Distance
Vine Street School
Public - PK to 3
Fairmount School
Public - 4 to 5
James F. Doughty School
Public - 6 to 8
Bangor High School
Public - 9 to 12
Rating
School
Distance
Vine Street School
PublicPK to 3

Fairmount School
Public4 to 5

James F. Doughty School
Public6 to 8

Bangor High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 16 Walter Street, Bangor, ME 04401

16 Walter Street is a multi-family home for sale in Bangor, ME 04401. This property was listed for sale on May 19, 2026 by ERA Dawson-Bradford Co., it's currently listed at $259,900. It has been on the market for a total of 47 days and was last sold on July 9, 2021. This listing's school district is Bangor Public Schools. Nearby schools include Vine Street School, Fairmount School and James F. Doughty School. 16 Walter Street is a 0-bed, 2-bath, 2,008 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of ERA Dawson-Bradford Co.

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.