Address
372 Old County Road, Hampden, ME
Price
$ 489,900
Property Attributes
- MLS#1667547
- TypeMulti-Family
- Listing Status Active
- CountyPenobscot
- CityHampden
- Zip04444
- StyleContemporary, Ranch
- Year Built1930
- Taxes$ 2258
- Price$ 489,900
- Bedrooms0
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage2400
- Lot Size0.4 Acres
Data Source:
Maine Listings (MREIS)
Property Description
A rare opportunity to own a completely transformed income-producing property just minutes from Bangor's vibrant Waterfront Concerts and Hollywood Casino. Formerly an industrial building, this property has been meticulously converted into an upscale, single-level three-unit apartment complex with virtually every major component replaced or upgraded. The extensive renovation includes all new radiant heating, natural gas boiler, plumbing, electrical systems, sewer line, roof, siding, windows, kitchens bath and much more, creating a low-maintenance, simple turnkey investment for years to come without headaches. The thoughtfully designed units offer modern finishes, efficient layouts, and strong tenant appeal. The property consists of: One 1-bedroom unit renting for $950/month One 1-bedroom unit renting for $1,100/month One spacious 2-bedroom, 2-bath unit with in-unit laundry renting for $1,800/month Additional income potential is generated through the on-site coin-operated laundry facility. Tenants pay their own electricity, helping keep operating expenses low. Natural gas runs at a very low cost, averaging around $1,000 a winter and each unit is equipped with its own heat pump! Located just a short distance from Bangor's popular waterfront concerts, restaurants, breweries, and entertainment venues, this property presents excellent potential for continued long-term rental income or future short-term rental/Airbnb opportunities (subject to local regulations). Whether you're an investor seeking strong cash flow, a portfolio addition with significant capital improvements already completed, or someone looking for a unique property with versatile income potential.
General Features
| Sewer | Public Sewer |
|---|---|
| Zoning | RES/COM |
| Electric | Circuit Breakers,Three Phase |
| Tax Year | 2025 |
| County | Penobscot |
| Property Type | Multi-Family |
| HOA | false |
| Status | Active |
| City | Hampden |
| Lot Size Units | Acres |
| Lot Size Square Feet | 17424 |
| Tax Annual Amount | 2258 |
| Standard Status | Active |
| Tax Lot | 9 |
| Heating | Gas Natural,Heat Pump,Radiant |
| Cooling | Heat Pump |
| Garage Y/N | false |
| Land Lease Y/N | false |
| High School District | RSU 22 |
| Roof | Flat,Membrane |
| Architectural Style | Contemporary,Ranch |
| Construction Materials | Steel Frame,Wood Frame,Metal Clad |
| Year Built | 1930 |
| Attached Garage | false |
| Full Baths | 4 |
| Stories Count | 1 |
| Gross Income | 45000 |
| Operating Expense | 6950 |
| Number Of Units Total | 3 |
| Energy Efficient | 90% Efficient Furnace,Double Wall (12''+) Construction,LED Light Fixtures |
| Occupancy Type | No |
Interior Features
| Total Baths | 4 |
|---|---|
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Basement | Not Applicable,Slab |
| Flooring | Concrete |
| Fireplace Y/N | false |
| Above Grade Finished Area | 2400 |
| Interior Amenities | 1st Floor Bedroom |
| Furnished Y/N | Unfurnished |
| Total Stories | 1 |
| Laundry Features | Main Level,Laundry - Coin |
Exterior Features
| Parking Features | Paved,5 - 10 Spaces,On Site,Off Street |
|---|---|
| Lot Features | Near Shopping,Near Town,Other,Level,Open Lot |
| Water Source | Public |
| Lot Size Area | 0.4 |
| Lot Size Acres | 0.4 |
| Road Surface Type | Paved |
| Lot Size Source | Public Records |
| Waterfront Y/N | false |
| Building Area Total | 2400 |
| Foundation Details | Poured Concrete,Slab |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 04444
Statistics provided by Inside Real Estate
Price
Taxes
Year Built
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified ©2026 Maine Real Estate Information System, Inc. All Rights Reserved.
