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.
Active
Price cut: $10K (8/20)
$489,900
372 Old County Road, Hampden, ME 04444
4beds
2,400sqft
Multi Family
Built in 1930
-- sqft lot
$474,600 Zestimate®
$204/sqft
$-- HOA
What's special
Modern finishesNatural gas boilerAll new radiant heatingEfficient layouts
- 84 days
- 346
- 8
Zillow last checked:
Listing updated:
Listed by:
NextHome Experience
Source: Maine Listings,MLS#: 1667547
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Heat Pump, Radiant
Cooling
- Heat Pump
Appliances
- Laundry: Laundry - Coin
Features
- 1st Floor Bedroom
- Flooring: Concrete
- Windows: Double Pane Windows
- Has fireplace: No
Interior area
- Total structure area: 2,400
- Total interior livable area: 2,400 sqft
- Finished area above ground: 2,400
- Finished area below ground: 0
Property
Parking
- Parking features: Paved, 5 - 10 Spaces, On Site, Off Street
Features
- Stories: 1
Lot
- Size: 0.4 Acres
- Features: Near Shopping, Near Town, Other, Level, Open Lot
Details
- Zoning: RES/COM
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Contemporary,Ranch
- Property subtype: Multi Family
Materials
- Steel Frame, Wood Frame, Metal Clad
- Foundation: Poured Concrete, Slab
- Roof: Flat,Membrane
Condition
- Year built: 1930
Utilities & green energy
- Electric: Circuit Breakers, Three Phase
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy efficient items: 90% Efficient Furnace, Double Wall (12''+) Construction, LED Light Fixtures
Community & HOA
Location
- Region: Hampden
Financial & listing details
- Price per square foot: $204/sqft
- Annual tax amount: $2,258
- Date on market: 6/17/2026
- Road surface type: Paved
Estimated market value
$474,600
$451,000 - $498,000
$1,430/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/20/2026 | Price change | $489,900-2%$204/sqft |
Source: | ||
| 6/17/2026 | Listed for sale | $499,900$208/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment






