Four-Unit Residential Income
17-19 Prentiss Bangor, ME 04401
17-19 Prentiss, Bangor, ME, 04401
$300,000
For Sale
$300,000
MULTI_FAMILY - Bangor, ME
Property Size2,681 SF
Lot Size0.13 Acres
Price / SF$111.90
Days on Market18
Property Features for 17-19 Prentiss
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- URD-2
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 3, Basement
- Basement
- Full, Unfinished
- Standard status
- Active
- Size
- 2,681 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4525
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Propane (Heating), Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1880
- Number of units
- 4
- Flooring type
- Carpet, Vinyl
- Building materials
- Wood Frame, Wood Siding
- Roof type
- Metal
Listing Agency
EXP Realty
(888) 439-8743
41 Hutchins Drive Building 3, Rangeley, ME
Listed by
Jonathan Hyatt
(207) 404-0448
Added: Jun 29 Checked: Jul 16 at 6:06 pm
MLS# 1635609
Listing URL
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale quadplex is arranged as four residential units, including two spacious 2-bedroom units and two 1-bedroom units. The property includes 2,681 square feet of building area on a 0.13-acre lot. It is described as professionally managed, offering an operator-ready setup for qualified buyers seeking a straightforward multi-unit holding.
The property is located at 17-19 Prentiss in Bangor, Maine 04401, within Penobscot County. The site is listed under zoning URD-2.
With a mix of unit sizes, the building may appeal to investors or owner-operators looking for flexibility in tenant profiles while keeping the overall property configuration compact. The unit mix supports leasing to households needing either additional bedroom space or smaller floorplans within the same ownership structure. As presented, this is a 4-unit residential income property offered for sale, with professional management noted in the public remarks.
The property is located at 17-19 Prentiss in Bangor, Maine 04401, within Penobscot County. The site is listed under zoning URD-2.
With a mix of unit sizes, the building may appeal to investors or owner-operators looking for flexibility in tenant profiles while keeping the overall property configuration compact. The unit mix supports leasing to households needing either additional bedroom space or smaller floorplans within the same ownership structure. As presented, this is a 4-unit residential income property offered for sale, with professional management noted in the public remarks.
Key Highlights
- 4‑unit investment property with two 2‑bedroom units and two 1‑bedroom units
- Built in 1880 with wood frame and wood siding construction
- Metal roof and flooring including carpet and vinyl
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 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Four-unit quadplex with two 2-bedroom and two 1-bedroom units, offered for sale in Bangor.
Where is this quadplex located?
The property is located at 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: 4‑unit investment property with two 2‑bedroom units and two 1‑bedroom units; Built in 1880 with wood frame and wood siding construction; Metal roof and flooring including carpet and vinyl
