Two-Unit
New
For Sale
$325,000
107 Center St, Bangor, ME 04401
The property contains two townhouse-style apartment units with contemporary finishes.
Property Size1,600 SF
Price / SF$203.13
Days on Market6
Property Features for 107 Center St
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,190
Building Details
Year Built
2021
Listing Agency:
NextHome Experience
(207) 573-7400
Listed By:
Lewis Morrison
(207) 343-0143
Source:
Exprealty
Added: Oct 1
Changed: Oct 4
Last Checked: Oct 5 at 7:42PM
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.
Built in 2021, this duplex contains two townhouse-style apartment units with contemporary finishes. The property is located at 107 Center St in Bangor, Maine.
Key Highlights
- Two townhouse‑style apartment units
- Built in 2021
- Located at 107 Center St in Bangor, Maine
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,663
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,260
$293.3K
Cap Rate 7%
$209,471
$209.5K
Cap Rate 9%
$162,922
$162.9K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$22.1K $13.80/SF
− Vacancy
−$1.1K −$0.71/SF
EGI
$20.9K $13.09/SF
− OpEx
−$6.3K −$3.93/SF
NOI
$14.7K $9.16/SF
Area
Penobscot County, ME
Vacancy
5.13%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,260
Cap Rate 7%
$209,471
Cap Rate 9%
$162,922
Alternative Uses
Best Use
Multifamily LT 5
$209.5K
$183.3K – $244.4K
NOI $14,663 @ 7.0% cap · market cap 4.51%
Second Best
Apartment 5plus
$192.7K
$168.6K – $224.8K
NOI $13,486 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$516.8K
$452.2K – $602.9K
NOI $36,173 @ 7.0% cap · market cap 11.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,122
Businesses Nearby
Explore this area
Business Placement
Demographics for 04401, ME
44,608
Population
20,932
Households
2.1
Avg Household Size
40
Median Age
37%
College-Educated
96%
High-School Grad
100.1 sq mi
ZIP Area
446
Density / Sq Mi
$66,136
Median Household Income
$40,863
Median Earnings
$1,048
Median Rent
$229,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - The property contains two townhouse-style apartment units with contemporary finishes.
Where is this duplex located?
The property is located at 107 Center St Bangor, ME.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two townhouse‑style apartment units; Built in 2021; Located at 107 Center St in Bangor, Maine
