Duplex with Bonus Rear
101 2nd Street Bangor, ME 04401
101 2nd Street, Bangor, ME, 04401
$224,000
Pending
For Sale
$224,000
Pending
Duplex with two occupied units and a bonus rear structure for office or storage use.
Property Size1,816 SF
Days on Market336
Property Features for 101 2nd Street
General Information
- Standard status
- Pending
- Size
- 1,816 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1900
Listing agency
CENTURY 21 Queen City Real Estate
(207) 385-6850
Listed by
Adam King
(207) 385-6850
Source
Compass
Added: Aug 21, 2025 Updated: Jul 22 at 6:35AM Checked: Jul 22 at 6:35AM
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 CENTURY 21 Queen City Real Estate
Investment Insights
Based on property information with market context.
This duplex offers two spacious residential units, with both units currently occupied by long-term tenants. In addition to the income-producing layout, the property includes a bonus rear structure that may be used for office space, storage, or other non-occupancy purposes.
Located in Bangor, the property is positioned close to downtown amenities, schools, shopping, and I-95 access, supporting convenient day-to-day access for residents.
The combination of two occupied units and an additional rear structure creates flexibility for the next owner while maintaining established rental income.
Located in Bangor, the property is positioned close to downtown amenities, schools, shopping, and I-95 access, supporting convenient day-to-day access for residents.
The combination of two occupied units and an additional rear structure creates flexibility for the next owner while maintaining established rental income.
Key Highlights
- Duplex with two units currently occupied by long‑term tenants
- Bonus rear structure offers additional space for office or storage/non‑occupancy use
- Glassed‑in porch and metal roof
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 | $25.1k | $13.80 |
| − Vacancy | −$1.3k | −$0.71 |
| EGI | $23.8k | $13.09 |
| − OpEx | −$7.1k | −$3.93 |
| NOI | $16.6k | $9.16 |
1,816 SF · lease $13.80/SF/yr · vacancy 5.13% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$237.8K
$208.0K – $277.4K
NOI $16,643 @ 7.0% cap · market cap 7.43%
Second Best
Apartment 5plus
$218.7K
$191.3K – $255.1K
NOI $15,307 @ 7.0% cap · market cap 6.83%
Theoretical Best
Office A
$586.5K
$513.2K – $684.3K
NOI $41,056 @ 7.0% cap · market cap 18.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex with two occupied units and a bonus rear structure for office or storage use.
Where is this duplex located?
The property is located at 101 2nd Street Bangor, ME.
What is the asking price?
The asking price for this property is $224,000.
What are key features of this property?
This property features: Duplex with two units currently occupied by long‑term tenants; Bonus rear structure offers additional space for office or storage/non‑occupancy use; Glassed‑in porch and metal roof
