Mixed-Use Building with Office
77 Broadway Bangor, ME 04401
For Sale
$649,900
MULTI_FAMILY - Bangor, ME
Property Size6,030 SF
Lot Size0.05 Acres
Price / SF$107.78
Days on Market12
Property Features for 77 Broadway
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
M&SD
Bathrooms
4
Rooms
Bathroom 3, Bathroom 2, Basement, Bathroom 1, Bathroom 4
Parking features
Offsite
Basement
Full
Standard status
Active
Size
6,030 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7361
Utilities
Sewer type
Public Sewer
Heating system
Other (Heating), Natural Gas, Hot Water(Heating)
Water source
Public
Building Details
Year built
1834
Floors in Building
4
Number of units
5
Flooring type
Wood, Carpet, Vinyl
Building materials
Masonry, Brick
Roof type
Shingle, Slate
Listing Agency:
Realty of Maine
(207) 942-6310
Listed By:
Kortnie Mullins
(207) 991-4924
Added: Jul 19
Changed: Jul 28
Last Checked: Jul 30 at 4:06AM
MLS# 1650311
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 mixed-use five-unit property is built in an 1834 brick double-house format and combines a commercial office suite with residential space. The first floor includes a spacious office area with three large offices, including one with an original fireplace. The second floor features a two-bedroom apartment with hardwood floors, a formal dining room with original built-in cabinetry, and three fireplaces. The third floor has two additional units—one one-bedroom and one efficiency—both with classic hardwood floors, and the fourth floor includes a one-bedroom apartment.
The property is located on Bangor’s historic Broadway and is described as within walking distance of downtown Bangor and John Bapst. A natural gas boiler installed in 2012 provides service. The sale also includes a second parcel of land on Pine Street, described as providing additional parking a short walking distance from the building.
The property is located on Bangor’s historic Broadway and is described as within walking distance of downtown Bangor and John Bapst. A natural gas boiler installed in 2012 provides service. The sale also includes a second parcel of land on Pine Street, described as providing additional parking a short walking distance from the building.
Key Highlights
- 1834 brick double house with mixed‑use setup and 5 units: ground‑floor commercial office plus apartments on upper floors
- First‑floor commercial office suite with three large offices, including an office with an original fireplace
- Second floor apartment: 2 bedrooms with hardwood floors, formal dining room with original built‑in cabinetry, and 3 fireplaces
Financial Insights For Apartment 5plus
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 | $97.7k | $16.20 |
| − Vacancy | −$5.3k | −$0.87 |
| EGI | $92.4k | $15.33 |
| − OpEx | −$41.6k | −$6.90 |
| NOI | $50.8k | $8.43 |
6,030 SF · lease $16.20/SF/yr · vacancy 5.40% · expense 45.00%
Alternative Uses
Best Use
Office B
$1.22M
$1.07M – $1.42M
NOI $85,241 @ 7.0% cap · market cap 13.12%
Second Best
Apartment 5plus
$726.1K
$635.3K – $847.1K
NOI $50,826 @ 7.0% cap · market cap 7.82%
Theoretical Best
Office A
$1.95M
$1.70M – $2.27M
NOI $136,326 @ 7.0% cap · market cap 20.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit mixed-use property with a first-floor office suite and multiple apartments, served by a natural gas boiler.
Where is this apartment building located?
The property is located at 77 Broadway Bangor, ME.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: 1834 brick double house with mixed‑use setup and 5 units: ground‑floor commercial office plus apartments on upper floors; First‑floor commercial office suite with three large offices, including an office with an original fireplace; Second floor apartment: 2 bedrooms with hardwood floors, formal dining room with original built‑in cabinetry, and 3 fireplaces
