16 Walter St

Bangor, ME 04401

$259,900
Price
4
Beds
2,008 Sq. Ft.
$129 / Sq. Ft.
2,008
Sq. Ft.
$129
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Pic 1 (Copy)
Pic 2 (Copy)
Pic 3 (Copy)
Pic 4 (Copy)
Pic 5 (Copy)
Pic 6 (Copy)
Pic 7 (Copy)
Pic 8 (Copy)
Pic 9 (Copy)
Pic 10 (Copy)
Pic 11 (Copy)
Pic 12 (Copy)
Pic 13 (Copy)
Pic 14 (Copy)
Pic 15 (Copy)
Pic 16 (Copy)
Pic 17 (Copy)
Pic 18 (Copy)
Pic 19 (Copy)
Pic 20 (Copy)
Pic 21 (Copy)
Pic 22 (Copy)
Pic 23 (Copy)
Pic 24 (Copy)
Pic 25 (Copy)
Pic 26 (Copy)
Pic 27 (Copy)
Pic 28 (Copy)
Pic 29 (Copy)
Pic 30 (Copy)
Pic 31 (Copy)
Pic 32 (Copy)
Pic 32 (Copy)
Pic 33 (Copy)
Pic 34 (Copy)
Pic 35 (Copy)
Pic 36 (Copy)
Pic 37 (Copy)
Pic 38 (Copy)
Pic 39 (Copy)
Pic 40 (Copy)
Pic 41 (Copy)
Pic 42 (Copy)
Pic 43 (Copy)
Pic 44 (Copy)
Pic 45 (Copy)
Pic 46 (Copy)
Pic 47 (Copy)
Pic 48 (Copy)

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.

Property Details for 16 Walter Street

Waterfront
No
ArchitecturalStyle
Colonial
Garage Spaces
.00
Garage
No
Zoning
Residential
LISTING UPDATED: 05/19/2026 10:22 AM

Property Details for 16 Walter Street

StatusActive
MLS #1662774
Days on Market21
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
Get preapproved with Rocket Mortgage1

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

Get preapproved with Rocket Mortgage1

$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.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 16 Walter Street

Summary
Location and General Information
  • Road Surface Type: Paved
  • Zip Code: 6232
  • 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.
  • Town: Bangor
  • State/Province: ME
  • Zip Code: 04401
  • County: Penobscot
  • Geo Latitude: 44.792588
  • Geo Longitude: -68.776833
  • Tax Lot: 141
  • Site:Level: Yes
  • Site:Sidewalks: Yes
  • Location:Intown: Yes
  • Location:Near Golf Course: Yes
  • Location:Near Shopping: Yes
  • Location:Near Turnpike/Interstate: Yes
  • Location:Neighborhood: Yes
  • Transportation:Major Road Access: Yes
  • Transportation:Near Airport: Yes
  • Transportation:Public Transport Access: Yes
  • Construction: Wood Frame
  • Road Frontage: true
  • Water View2: No
  • Tree Growth YN2: false
Parking
  • Parking Features: Gravel, Common, 5 - 10 Spaces
  • Attached Garage: No
  • Parking: 5 - 10 Spaces
Taxes and HOA Information
  • Tax Book Number: 16102
  • Tax Map Number: 025
  • Tax Year: 2024
  • Parcel Number: BANG-000025-000000-000141
  • Tax Annual Amount: $3,024.00
  • Restrictions:No Restrictions: Yes
Property
Heating and Cooling
  • Water Heater:Electric: Yes
  • Heat Fuel: Oil
  • Heat System: Forced Air
Lot Information
  • SqFt Finished Below Grade: 0.0
  • SqFt Finished Above Grade: 2008.0
  • Lot Size Acres: 0.09
  • Source of Acreage: Public Records
  • Building Area Total: 2008.0
  • Lot Size Area: 0.09
  • Lot Size Units: Acres
  • Lot Size Square Feet: 3920.4
  • Bathrooms Full: 2
  • Street Number: 16
  • Property Information:Surveyed: Unknown
  • Property Information:Seasonal: No
  • Property Information:Owner Occupied: No
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Deed/Conveyance Type Offered: Warranty
  • Property Information:Deed: All
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Property Information:2 Detached Houses on 1 Lot: No
  • Property Information:Total Half Baths: .00
  • Property Information:Color: Blue
  • Property Information:Source of Road Frontage: Public Records
Parking
  • Driveway:Common: Yes
  • Driveway:Gravel: Yes
  • Driveway: Common2, Gravel
Property and Assessments
  • Sign on Property: Yes
  • Leased Land: No
  • Property Type: Multi-Family
  • Property Type Label: Multi-Family
  • Year Built: 1900
Utilities
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities:Utilities On: Yes
  • Gas:Bottled: Yes
  • Water Heater: Electric2
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Frame, Vinyl Siding
  • Vehicle Storage:No Vehicle Storage: Yes
  • Roof: Shingle
  • Patio and Porch Features:Deck: Yes
  • Vehicle Storage: No Vehicle Storage
  • Patio and Porch Features: Deck
  • Basement Entry: Interior
Interior Features
  • Basement: BrickMortar, Dirt Floor, Full, Sump Pump, Unfinished
  • Flooring: Hardwood, Linoleum, Wood
  • Cooling: None
  • Heating: Oil, Forced Air
  • Foundation Details: Brick/Mortar
  • Laundry Features: Washer Hookup
  • # Stories: 2
  • # Floors: 2
  • Bathrooms Total (Integer): 2
  • Bathrooms Total (Decimal): 2.00
  • Bathrooms Total (Notational): 2.00
  • Cooling YN: No
  • Heating YN: Yes
  • Amenities: Laundry - Hookup
Multi Family
Income & Expenses Information
  • Gross Income: $29,210.00
  • Operating Expenses: $17,044.00
  • Gross Income: $29,210.00
  • Operating Expenses: $17,044.00
Multi-Family Information
  • Number of Units: 2
  • Building Info:# Stories: 2
  • Building Info:# Floors: 2
  • Building Info:# Heating Units: 2
  • Building Info:# Water Heaters: 2
Unit 1
  • Unit 1:Lease: No
  • Unit 1:Level: First
  • Unit 1:Security Deposit: No
  • Unit 1:Monthly Rent: $1,250.00
  • Unit 1:# Full Baths: 1.00
  • Unit 1:# of Half Baths: .00
  • Unit 1:# of Rooms: 5.00
  • Unit 1:# of Bedrooms: 2.00
  • Unit 1:Dedicated Electric Meter: Yes
  • Unit 1:Dedicated Gas Meter: Yes
  • Unit 1:Dedicated Water Heater: Yes
  • Unit 1:Electric: Yes
  • Unit 1:Heat: Yes
  • Unit 1:Range: Yes
  • Unit 1:Refrigerator: Yes
  • Unit 1:Sewer: Yes
  • Unit 1:Water: Yes
Unit 2
  • Unit 2:Lease: Yes
  • Unit 2:Level: Second
  • Unit 2:Monthly Rent: $1,050.00
  • Unit 2:# Full Baths: 1.00
  • Unit 2:# Half Baths: .00
  • Unit 2:# of Rooms: 5.00
  • Unit 2:# of Bedrooms: 2.00
  • Unit 2:Dedicated Electric Meter: Yes
  • Unit 2:Dedicated Gas Meter: Yes
  • Unit 2:Dedicated Water Heater: Yes
  • Unit 2:Electric: Yes
  • Unit 2:Heat: Yes
  • Unit 2:Range: Yes
  • Unit 2:Refrigerator: Yes
  • Unit 2:Sewer: Yes
  • Unit 2:Water: Yes
Unit 3
  • Unit 3:Range: Yes
  • Unit 3:Sewer: Yes
Unit Information
  • Units:# of 1 BD Units: 0
  • Units:# of 2 BD Units: 2
  • Units:# of 3 BD Units: 0
  • Units:# of 4+ BD Units: 0

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.

Similar Homes

Explore Nearby Homes

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 21 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 4-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.