Two-Unit Duplex with Off-Street
Bangor, ME 04401 Bangor, ME 04401
Bangor, ME, 04401
$369,000
For Sale
$369,000
MULTI_FAMILY - Bangor, ME
Property Size2,118 SF
Price / SF$174.22
Days on Market170
Property Features
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Attached
- Bathrooms
- 2
- Standard status
- Active
- Size
- 2,118 SF
Building Details
- Year built
- 1900
Listing agency
Bangor, Maine
(207) 942-6711
Listed by
Holly Taylor
(800) 741-1540
Added: Feb 2 Updated: Jul 20 at 4:09PM Checked: Jul 22 at 8:06PM
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 owner-occupant flexibility with an upstairs tenant that has been in place for six years and a downstairs apartment that is currently vacant. The property was gutted down to the studs in 2017 and is in good condition, providing a mix of classic woodwork and practical living space on both levels.
A separate outside entrance provides access to the basement, helping minimize tenant disruption during maintenance. Upstairs, a full bath includes a stackable washer and dryer. The driveway offers off-street parking.
Located in Bangor, Maine, the home is described as minutes from downtown, shopping, hospitals, and waterfront concerts, with quick access to I-95 and I-395.
A separate outside entrance provides access to the basement, helping minimize tenant disruption during maintenance. Upstairs, a full bath includes a stackable washer and dryer. The driveway offers off-street parking.
Located in Bangor, Maine, the home is described as minutes from downtown, shopping, hospitals, and waterfront concerts, with quick access to I-95 and I-395.
Key Highlights
- 2‑unit Bangor home (326 Union Street), built in 1900
- Upstairs unit has an established tenant of 6 years; downstairs apartment is vacant, offering owner‑occupancy option
- Basement access has a separate outside entrance for maintenance without disturbing a tenant
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 | $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 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 - Upstairs tenant-occupied while the downstairs unit is vacant, with a separate outside basement entrance and off-street parking.
Where is this duplex located?
The property is located at 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 Bangor home (326 Union Street), built in 1900; Upstairs unit has an established tenant of 6 years; downstairs apartment is vacant, offering owner‑occupancy option; Basement access has a separate outside entrance for maintenance without disturbing a tenant
