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Prime multi-family investment opportunity along the Penobscot River in Bangor! Historic 1875 brick masonry building redeveloped in 2007 into 35 residential apartments on a 1.67-acre waterfront lot. Features passenger elevator access, full wet sprinkler safety system, on-site parking, and dedicated tenant storage. Operates under the LIHTC program (Section 42) with a 50%/60% AMI unit split and an extended use agreement in place through 2097. Benefits from a specialized City of Bangor Tax Revenue Agreement through April 2036, reimbursing municipal taxes paid over $7,500 for operating expenses. Excellent upside potential for experienced affordable housing operators. Quali...fied LIHTC buyers required.

Maine Real Estate Information System, Inc., MLS#: 1686684
Listed By: Keller Williams Realty

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Construction Materials

  • Brick

Parking Features

  • 21+ Spaces
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Listed By:
Keller Williams Realty

Data Source: Maine Real Estate Information System, Inc.

MLS#: 1686684

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© 2026 Maine Real Estate Information System, Inc. All Rights Reserved. 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.

This property was listed on 11/3/2026 and last updated as of 11/3/2026 6:53:17 PM. OSI IDX updated the data from Maine Real Estate Information System, Inc. on 11/6/2026 at 10:19 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.