4-Unit
For Sale
$300,000
1719 17-19 Prentiss, Bangor, ME 04401
Four residential units offer a varied layout with one- and two-bedroom configurations.
Property Size2,681 SF
Price / SF$111.90
Days on Market79
Property Features for 1719 17-19 Prentiss
General Information
Standard status
Active
Size
2,681 SF
Property subtype
Multi-Family
Building Details
Year Built
1880
Listing Agency:
EXP Realty
Listed By:
Jonathan Hyatt
(207) 404-0448
Source:
Lawanaandcompany
Added: Jul 21
Changed: Sep 14
Last Checked: Oct 5 at 11:46PM
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 EXP Realty
Investment Insights
Based on property information with market context.
This 4-unit residential income property contains 2,681 square feet and was built in 1880. The unit mix includes two 2-bedroom apartments and two 1-bedroom apartments, providing varied residential layouts within one building.
The property is located at 1719 17-19 Prentiss in Bangor, Maine, with four total units arranged across the existing structure.
The property is located at 1719 17-19 Prentiss in Bangor, Maine, with four total units arranged across the existing structure.
Key Highlights
- Four‑unit residential income property
- Unit mix includes two 2‑bedroom units and two 1‑bedroom units
- 2,681 square feet of property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,570
Cap Rate
8.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$491,400
$491.4K
Cap Rate 7%
$351,000
$351.0K
Cap Rate 9%
$273,000
$273.0K
Market Conditions
NOI Build-Up for 2,681 SF
Gross rent
$37.0K $13.80/SF
− Vacancy
−$1.9K −$0.71/SF
EGI
$35.1K $13.09/SF
− OpEx
−$10.5K −$3.93/SF
NOI
$24.6K $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%
$491,400
Cap Rate 7%
$351,000
Cap Rate 9%
$273,000
Alternative Uses
Best Use
Multifamily LT 5
$351.0K
$307.1K – $409.5K
NOI $24,570 @ 7.0% cap · market cap 8.19%
Second Best
Apartment 5plus
$322.8K
$282.5K – $376.6K
NOI $22,598 @ 7.0% cap · market cap 7.53%
Theoretical Best
Office A
$865.9K
$757.7K – $1.01M
NOI $60,612 @ 7.0% cap · market cap 20.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,465
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units offer a varied layout with one- and two-bedroom configurations.
Where is this quadplex located?
The property is located at 1719 17-19 Prentiss Bangor, ME.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Four‑unit residential income property; Unit mix includes two 2‑bedroom units and two 1‑bedroom units; 2,681 square feet of property size
