Remodeled Two-Unit Residential Income
100 3rd Street Bangor, ME 04401
100 3rd Street, Bangor, ME, 04401
$349,900
Pending
For Sale
$349,900
Pending
Completely renovated two-unit property with two 2-bedroom, 1-bath units at 100 3rd St.
Property Size2,129 SF
Days on Market184
Property Features for 100 3rd Street
General Information
- Standard status
- Pending
- Size
- 2,129 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1900
Listing agency
NextHome Experience
(207) 299-6306
Listed by
Jennifer And Airlia Ball
(207) 299-6306
Source
Compass
Added: Jan 19 Updated: Jul 21 at 8:31PM Checked: Jul 21 at 8:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NextHome Experience
Investment Insights
Based on property information with market context.
100 3rd St is a completely remodeled two-unit residential income property featuring two spacious 2-bedroom, 1-bathroom units. The property was renovated in 2024 with new metal roofing, insulation, sheetrock, and flooring, along with updated wiring and upgraded electrical features including arc-fault breakers and USB outlets. Outdoor outlets are also included, and the home is described as turnkey, with immediate occupancy or rental use and furnishings potentially included.
Located in Bangor with walkable proximity to downtown, the waterfront concert area, hospitals, and schools, the property is positioned for both long-term and short-term rental demand based on its use as an Airbnb and short-term rental.
The offering is presented as having an excellent rental history and is ready for immediate occupancy or rental upon availability.
Located in Bangor with walkable proximity to downtown, the waterfront concert area, hospitals, and schools, the property is positioned for both long-term and short-term rental demand based on its use as an Airbnb and short-term rental.
The offering is presented as having an excellent rental history and is ready for immediate occupancy or rental upon availability.
Key Highlights
- Completely remodeled 2‑unit property (100 3rd St) with two 2‑bedroom, 1‑bath units
- 2024 renovations include new metal roof, insulation, and sheetrock, plus new flooring
- Basement with interior full, unfinished space and stone/granite/concrete perimeter foundation details
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 | $29.4k | $13.80 |
| − Vacancy | −$1.5k | −$0.71 |
| EGI | $27.9k | $13.09 |
| − OpEx | −$8.4k | −$3.93 |
| NOI | $19.5k | $9.16 |
2,129 SF · lease $13.80/SF/yr · vacancy 5.13% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$278.7K
$243.9K – $325.2K
NOI $19,511 @ 7.0% cap · market cap 5.58%
Second Best
Apartment 5plus
$256.4K
$224.3K – $299.1K
NOI $17,945 @ 7.0% cap · market cap 5.13%
Theoretical Best
Office A
$687.6K
$601.7K – $802.2K
NOI $48,132 @ 7.0% cap · market cap 13.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Completely renovated two-unit property with two 2-bedroom, 1-bath units at 100 3rd St.
Where is this duplex located?
The property is located at 100 3rd Street Bangor, ME.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Completely remodeled 2‑unit property (100 3rd St) with two 2‑bedroom, 1‑bath units; 2024 renovations include new metal roof, insulation, and sheetrock, plus new flooring; Basement with interior full, unfinished space and stone/granite/concrete perimeter foundation details
