Residential Duplex Income
85 Cumberland Street Bangor, ME 04401
New
MULTI_FAMILY - Colonial - Bangor, ME
Property size:
2,712 SFLot size:
0.11 AcresPrice / SF:
$125/SF- Added:
- Jul 10, 2026
- Days on Market:
- 1
- Last Refresh:
- Jul 10 at 5:06 pm
Property Features for 85 Cumberland Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- NRD-2
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Basement
- Parking features
- Open
- Patio and Porch features
- Deck
- Pets allowed
- No
- Interior features
- Other Amenities, Walk-in Closets, 1st Floor Bedroom, Attic, Bathtub, Storage
- Basement
- Unfinished, Full
- Standard status
- Active
- Size
- 2,712 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 5109
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Oil, Hot Water(Heating), Zoned, Propane (Heating)
- Water source
- Public
- Water front features
- Stream
Building Details
- Year built
- 1913
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Wood, Tile
- Building materials
- Wood Frame, Aluminum Siding
- Roof type
- Shingle
- Architectural style
- Colonial
- Additional Structures
- Other, Storage
Listing agent Kelley Fenlason Wallace Fenlason (207) 949-7376
Listing office EXP Realty 41 Hutchins Drive Building 3, Rangeley, ME (888) 439-8743
Listing date Jul 10, 2026
MLS# 1669974
Listing URL
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 for-sale residential income property is described as a duplex/multifamily asset, offered at 85 Cumberland Street in Bangor, Maine. The property size is listed as 2,712 square feet on a 0.11-acre lot, and it is identified under zoning NRD-2.
The asset is located in Penobscot County at the Cumberland Street address noted above. Additional information about frontage, building condition, unit configuration, or any recent improvements is not provided with the listing details.
For buyers considering a small residential income opportunity, this property may fit an owner-operator or investor looking for a duplex/multifamily format within the NRD-2 zoning district. Because the listing does not include specifics such as unit count layout, current occupancy status, or lease terms, due diligence should focus on confirming how the space is currently configured and whether the intended use aligns with NRD-2 requirements. Prospective buyers may also want to verify the property’s operating expenses, rent-ready condition, and any permitting considerations tied to the site and improvements before making a final decision.
The asset is located in Penobscot County at the Cumberland Street address noted above. Additional information about frontage, building condition, unit configuration, or any recent improvements is not provided with the listing details.
For buyers considering a small residential income opportunity, this property may fit an owner-operator or investor looking for a duplex/multifamily format within the NRD-2 zoning district. Because the listing does not include specifics such as unit count layout, current occupancy status, or lease terms, due diligence should focus on confirming how the space is currently configured and whether the intended use aligns with NRD-2 requirements. Prospective buyers may also want to verify the property’s operating expenses, rent-ready condition, and any permitting considerations tied to the site and improvements before making a final decision.
Key Highlights
- Two‑unit multi‑family home built in 1913 with Colonial architecture
- 3 bedrooms and 1 full bath in each unit
- Multiple decks plus a nicely landscaped lot, paved driveway, and a large 2‑car garage
Local 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 | $37.4k | $13.80 |
| − Vacancy | −$1.9k | −$0.71 |
| EGI | $35.5k | $13.09 |
| − OpEx | −$10.7k | −$3.93 |
| NOI | $24.9k | $9.16 |
2,712 SF · lease $13.80/SF/yr · vacancy 5.13% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$355.1K
$310.7K – $414.2K
NOI $24,854 @ 7.0% cap · market cap 7.31%
Second Best
Apartment 5plus
$326.6K
$285.7K – $381.0K
NOI $22,859 @ 7.0% cap · market cap 6.73%
Theoretical Best
Office A
$875.9K
$766.4K – $1.02M
NOI $61,313 @ 7.0% cap · market cap 18.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - For sale residential duplex income property in Bangor, zoned NRD-2.
Where is this duplex located?
The property is located at 85 Cumberland Street Bangor, ME.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Two‑unit multi‑family home built in 1913 with Colonial architecture; 3 bedrooms and 1 full bath in each unit; Multiple decks plus a nicely landscaped lot, paved driveway, and a large 2‑car garage
