4-Unit Quadplex with Bedroom
For Sale
$300,000
17-19 Prentiss, Bangor, ME 04401
MULTI_FAMILY - Bangor, ME
Property Size2,681 SF
Lot Size0.13 Acres
Price / SF$111.90
Days on Market56
Property Features for 17-19 Prentiss
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
URD-2
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Basement, Bathroom 4, Bathroom 2, Bathroom 1
Basement
Full, Unfinished
Lot features
Open, Level, Sidewalks, Wooded, Intown, Near Shopping, Near Turnpike/ Interstate, Neighborhood
Standard status
Active
Size
2,681 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4525
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Hot Water(Heating), Propane (Heating)
Water source
Public
Building Details
Year built
1880
Number of units
4
Flooring type
Vinyl, Carpet
Building materials
Wood Frame, Wood Siding
Roof type
Metal
Listing Agency:
EXP Realty
(888) 439-8743
Listed By:
Jonathan Hyatt
(207) 404-0448
Added: Jun 29
Changed: Aug 3
Last Checked: Aug 23 at 6:06AM
MLS# 1635609
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4-unit quadplex features two 2-bedroom units and two 1-bedroom units. The property sits on a 0.13-acre lot and contains 2,681 square feet of living area. Construction is wood frame with wood siding, with vinyl and carpet flooring throughout. Heating includes baseboard, hot water (heating), and propane (heating), and the roof is metal.
The home is served by public water and public sewer. It is zoned URD-2 and was built in 1880. The listing notes the property is professionally managed.
With a mix of one- and two-bedroom layouts, the building is designed to serve multiple household types while keeping the overall quadplex configuration intact.
The home is served by public water and public sewer. It is zoned URD-2 and was built in 1880. The listing notes the property is professionally managed.
With a mix of one- and two-bedroom layouts, the building is designed to serve multiple household types while keeping the overall quadplex configuration intact.
Key Highlights
- 0.13‑acre lot with 2,681 SF total building area
- 4‑unit quadplex with two 2‑bedroom units and two 1‑bedroom units
- URD‑2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,570
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$491,400
$491.4K
Cap Rate 7%
$351,000
$351.0K
Cap Rate 9%
$273,000
$273.0K
Market Conditions
NOI Build-Up for 2,681 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$37.0K $13.80/SF
− Vacancy
−$1.9K −$0.71/SF
EGI
$35.1K $13.09/SF
− OpEx
−$10.5K −$3.93/SF
NOI
$24.6K $9.16/SF
Area
Penobscot County, ME
Vacancy
5.13%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$491,400
Cap Rate 7%
$351,000
Cap Rate 9%
$273,000
Alternative Uses
Best Use
Multifamily LT 5
$351.0K
$307.1K – $409.5K
NOI $24,570 @ 7.0% cap · market cap 8.19%
Second Best
Apartment 5plus
$322.8K
$282.5K – $376.6K
NOI $22,598 @ 7.0% cap · market cap 7.53%
Theoretical Best
Office A
$865.9K
$757.7K – $1.01M
NOI $60,612 @ 7.0% cap · market cap 20.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,465
Businesses Nearby
Explore this area
Business Placement
Demographics for 04401, ME
44,608
Population
20,932
Households
2.1
Avg Household Size
40
Median Age
37%
College-Educated
96%
High-School Grad
100.1 sq mi
ZIP Area
446
Density / Sq Mi
$66,136
Median Household Income
$40,863
Median Earnings
$1,048
Median Rent
$229,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - URD-2 zoned quadplex on public water and sewer with two 2-bedroom and two 1-bedroom apartments.
Where is this quadplex located?
The property is located at 17-19 Prentiss Bangor, ME.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 0.13‑acre lot with 2,681 SF total building area; 4‑unit quadplex with two 2‑bedroom units and two 1‑bedroom units; URD‑2 zoning
