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Updated 4-Unit Apartment Building
For Sale
$450,000

46 & 48 Fifth St, Bangor, ME 04401

Multifamily property with a varied apartment mix and three updated residences near downtown amenities.

Property Size1,260 SF
Price / SF$357.14
Days on Market21

Property Features for 46 & 48 Fifth St

General Information

Standard status Active
Size 1,260 SF
Property subtype Multi-Family

Units

Unit Mix 3 x 1BR, 1 x 2BR
Multifamily Units 4

Building Details

Year Built 1860
Listing Agency:
Listed By: Crown Lakes Realty · License #BA917314
Source: Crownlakesrealty
Added: Aug 8 Changed: Aug 28 Last Checked: Aug 26 at 12:35PM

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 Crown Lakes Realty

Investment Insights

Based on property information with market context.

This 4-unit multifamily property, built in 1860, includes three 1-bedroom apartments and one 2-bedroom apartment. Three units have been updated with modern finishes, while the property measures 1,260 square feet overall. The established rental history and tenant occupancy provide operating history for prospective owners to review.

Located at 46 & 48 Fifth St in Bangor, the property is within walking distance of downtown restaurants, shopping, entertainment, and major employers. Its four-unit configuration also supports an owner-occupant approach with additional residences on site.

Key Highlights

  • 4‑unit property with three 1‑bedroom apartments and one 2‑bedroom apartment
  • Three of four units feature updated interiors and modern finishes
  • 1,260 square feet of property size

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Carpet & Flooring Store Cosmetic Store Tanning Salon Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

1,716
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Multifamily property with a varied apartment mix and three updated residences near downtown amenities.
Where is this quadplex located?
The property is located at 46 & 48 Fifth St Bangor, ME.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 4‑unit property with three 1‑bedroom apartments and one 2‑bedroom apartment; Three of four units feature updated interiors and modern finishes; 1,260 square feet of property size
More about this property
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