Three-Unit Residential
For Sale
$249,900
15 Grace Court, Bangor, ME 04401
Three residential units offer a flexible configuration for an owner-occupant or rental operation.
Property Size1,144 SF
Price / SF$218.44
Days on Market158
Property Features for 15 Grace Court
General Information
Standard status
Active
Size
1,144 SF
Property subtype
Multi Family Home
Zoning
URD-1
Financials
Gross Income
$25,000
Average Monthly Rent
$700
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$2,669
Building Details
Building Size
1,144 SF
Year Built
1900
Stories
3
Units
3
Listed By:
Dan Amero
(207) 762-8053
Source:
Amerorealty
Added: May 19
Changed: Oct 22
Last Checked: Oct 22 at 2:22PM
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 Dan Amero
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Investment Insights
Based on property information with market context.
This 1,144-square-foot triplex in Bangor contains three residential units, with a combined total of three bedrooms and three full bathrooms. The building dates to 1900 and is zoned URD-1.
The third unit was left vacant for the listing, while all three units have previously been occupied. The property has a history of rental use, and the owner-occupant configuration allows two units to remain in service alongside a residence.
The third unit was left vacant for the listing, while all three units have previously been occupied. The property has a history of rental use, and the owner-occupant configuration allows two units to remain in service alongside a residence.
Key Highlights
- Three residential units totaling 3 bedrooms and 3 full baths
- 1,144 square feet
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,484
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$209,680
$209.7K
Cap Rate 7%
$149,771
$149.8K
Cap Rate 9%
$116,489
$116.5K
Market Conditions
NOI Build-Up for 1,144 SF
Gross rent
$15.8K $13.80/SF
− Vacancy
−$810 −$0.71/SF
EGI
$15.0K $13.09/SF
− OpEx
−$4.5K −$3.93/SF
NOI
$10.5K $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%
$209,680
Cap Rate 7%
$149,771
Cap Rate 9%
$116,489
Alternative Uses
Best Use
Multifamily LT 5
$149.8K
$131.1K – $174.7K
NOI $10,484 @ 7.0% cap · market cap 4.20%
Second Best
Apartment 5plus
$137.8K
$120.5K – $160.7K
NOI $9,643 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$369.5K
$323.3K – $431.1K
NOI $25,864 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
480
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer a flexible configuration for an owner-occupant or rental operation.
Where is this triplex located?
The property is located at 15 Grace Court Bangor, ME.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Three residential units totaling 3 bedrooms and 3 full baths; 1,144 square feet; Built in 1900
