Duplex with Separate Basement
For Sale
$369,000
326 Union Street, Bangor, ME 04401
MULTI_FAMILY - Bangor, ME
Property Size2,118 SF
Price / SF$174.22
Days on Market185
Property Features for 326 Union Street
General Information
Property type
Residential Multi Family
Property subtype
Single Family Attached
Bathrooms
2
Full bathrooms
2
Elementary school district
Bangor Public Schools
Middle school district
Bangor Public Schools
High school district
Bangor Public Schools
Standard status
Active
Size
2,118 SF
Building Details
Year built
1900
Listing Agency:
Bangor, Maine · Better Homes and Gardens Real Estate
(207) 942-6711
Listed By:
Holly Taylor
(800) 741-1540
Added: Feb 2
Changed: Aug 1
Last Checked: Aug 6 at 8:06AM
MLS# 1650929
Copyright © 2026 Better Homes and Gardens-The Masiello Group. 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 two-unit duplex offers a flexible setup for owner-occupancy or rental use. The upstairs tenant has been in place for six years, while the downstairs apartment is currently vacant. Basement access is provided through a separate outside entrance, helping reduce disruption during maintenance.
The property includes a driveway with off-street parking and sits on an intown lot. It is described as having been fully updated after the owner gutted the home in 2017 down to the studs, and it remains in great condition.
With a total building size of 2,118 square feet, the duplex includes bedrooms and full bath space, and it is positioned for convenient commuting and access to area amenities, with quick access to I-95 and 395.
The property includes a driveway with off-street parking and sits on an intown lot. It is described as having been fully updated after the owner gutted the home in 2017 down to the studs, and it remains in great condition.
With a total building size of 2,118 square feet, the duplex includes bedrooms and full bath space, and it is positioned for convenient commuting and access to area amenities, with quick access to I-95 and 395.
Key Highlights
- 2‑unit duplex with an upstairs tenant in place for six years and a vacant downstairs apartment
- Separate outside entrance to basement access for maintenance with reduced tenant disruption
- 2,118 SF duplex property
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 | $29.2k | $13.80 |
| − Vacancy | −$1.5k | −$0.71 |
| EGI | $27.7k | $13.09 |
| − OpEx | −$8.3k | −$3.93 |
| NOI | $19.4k | $9.16 |
2,118 SF · lease $13.80/SF/yr · vacancy 5.13% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$277.3K
$242.6K – $323.5K
NOI $19,410 @ 7.0% cap · market cap 5.26%
Second Best
Apartment 5plus
$255.0K
$223.2K – $297.5K
NOI $17,852 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$684.1K
$598.6K – $798.1K
NOI $47,884 @ 7.0% cap · market cap 12.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,723
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex with an upstairs tenant of six years and a vacant downstairs unit for owner occupancy.
Where is this duplex located?
The property is located at 326 Union Street Bangor, ME.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: 2‑unit duplex with an upstairs tenant in place for six years and a vacant downstairs apartment; Separate outside entrance to basement access for maintenance with reduced tenant disruption; 2,118 SF duplex property
