Four-Unit Residential Income
17-19 Prentiss Street Bangor, ME 04401
17-19 Prentiss Street, Bangor, ME, 04401
$335,000
For Sale
$335,000
A four-unit multifamily building with two 2-bedroom and two 1-bedroom units.
Property Size2,681 SF
Price / SF$124.95
Days on Market334
Property Features for 17-19 Prentiss Street
General Information
- Standard status
- Active
- Size
- 2,681 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1880
Listing agency
EXP Realty
(207) 404-0448
Listed by
Jonathan Hyatt
(207) 404-0448
Source
Compass
Added: Aug 23, 2025 Updated: Jul 20 at 6:07PM Checked: Jul 22 at 7:28AM
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 four-unit residential income property features two spacious 2-bedroom units and two 1-bedroom units. The building is positioned as a turnkey investment for a new owner, with all four units offering a mix of unit sizes.
The property is located at 17-19 Prentiss Street in Bangor, ME 04401.
With its four-unit layout and varied unit mix, the building is designed to support straightforward tenant leasing across both 1- and 2-bedroom configurations.
The property is located at 17-19 Prentiss Street in Bangor, ME 04401.
With its four-unit layout and varied unit mix, the building is designed to support straightforward tenant leasing across both 1- and 2-bedroom configurations.
Key Highlights
- 4‑unit multifamily building with a unit mix of two 2‑bedroom units and two 1‑bedroom units
- Year built 1880; constructed with wood siding and wood frame
- 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 | $37.0k | $13.80 |
| − Vacancy | −$1.9k | −$0.71 |
| EGI | $35.1k | $13.09 |
| − OpEx | −$10.5k | −$3.93 |
| NOI | $24.6k | $9.16 |
2,681 SF · lease $13.80/SF/yr · vacancy 5.13% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$351.0K
$307.1K – $409.5K
NOI $24,570 @ 7.0% cap · market cap 7.33%
Second Best
Apartment 5plus
$322.8K
$282.5K – $376.6K
NOI $22,598 @ 7.0% cap · market cap 6.75%
Theoretical Best
Office A
$865.9K
$757.7K – $1.01M
NOI $60,612 @ 7.0% cap · market cap 18.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - A four-unit multifamily building with two 2-bedroom and two 1-bedroom units.
Where is this quadplex located?
The property is located at 17-19 Prentiss Street Bangor, ME.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 4‑unit multifamily building with a unit mix of two 2‑bedroom units and two 1‑bedroom units; Year built 1880; constructed with wood siding and wood frame; Metal roof
