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1 Waterworks RoadBangor, ME 04401Price: $2,750,000

  • Price: $2,750,000
  • 1 Day on Market
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Federal 30-year interest rate: 7.24% last updated on Oct 29, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $2,750,000List Price
  • 1.67Acreage
  • 56,628Square Feet

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Listed by Kevin Fletcher of Keller Williams Realty
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. Qualified LIHTC buyers required.

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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. equal opportunity housing logo   Privacy Policy

Michael Travis | Real Estate Advisor | www.WaterfrontAgent.com participates in ©2026 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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