Bangor Four-Unit Multifamily
284 French Street Bangor, ME 04401
For Sale
$444,900
MULTI_FAMILY - Colonial - Bangor, ME
Property Size2,352 SF
Lot Size0.09 Acres
Price / SF$189.16
Days on Market65
Property Features for 284 French Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- URD-1
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bathroom 4, Bathroom 2, Bathroom 1, Basement
- Parking features
- Off Street
- Interior features
- Attic, Bathtub, Pantry, Shower
- Fencing
- Fenced
- Basement
- Full, Unfinished
- Standard status
- Active
- Size
- 2,352 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 4152
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Hot Water(Heating), Zoned, Natural Gas, Other (Heating)
- Water source
- Public
Building Details
- Year built
- 1916
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Vinyl, Wood, Carpet, Tile
- Building materials
- Wood Frame, Shingle Siding, Wood Siding
- Roof type
- Shingle
- Architectural style
- Colonial
Listing Agency:
Realty of Maine
(207) 942-6310
Listed By:
Kortnie Mullins
(207) 991-4924
Added: May 21
Changed: Jul 9
Last Checked: Jul 24 at 12:06PM
MLS# 1654425
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 four-unit multi-family property is located in Bangor and features four one-bedroom apartments. Two of the units include mudrooms with custom historical pillars, living rooms with original fireplaces, formal dining rooms, galley kitchens, and bedroom suites. These units also have access to the farmer's porch. The remaining two one-bedroom units offer mirrored layouts, each with a private deck, a kitchen, a living area, and a bedroom. The property includes a natural gas boiler and coin-operated laundry. The property is located within walking distance of downtown Bangor, John Bapst High School, local restaurants, shops, and amenities. The lot size is 0.09 acres and the property size is 2352 square feet. The property is zoned URD-1.
Key Highlights
- 4‑unit multi‑family property with four 1‑bedroom apartments
- Natural gas boiler with zoned heating and baseboard/hot water heating
- Coin‑operated laundry on‑site
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.5k | $13.80 |
| − Vacancy | −$1.7k | −$0.71 |
| EGI | $30.8k | $13.09 |
| − OpEx | −$9.2k | −$3.93 |
| NOI | $21.6k | $9.16 |
2,352 SF · lease $13.80/SF/yr · vacancy 5.13% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$307.9K
$269.4K – $359.3K
NOI $21,555 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$283.2K
$247.8K – $330.4K
NOI $19,825 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$759.6K
$664.7K – $886.2K
NOI $53,174 @ 7.0% cap · market cap 11.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four one-bedroom apartments in a desirable Bangor location.
Where is this quadplex located?
The property is located at 284 French Street Bangor, ME.
What is the asking price?
The asking price for this property is $444,900.
What are key features of this property?
This property features: 4‑unit multi‑family property with four 1‑bedroom apartments; Natural gas boiler with zoned heating and baseboard/hot water heating; Coin‑operated laundry on‑site
