Two-Unit Duplex with Storage
172 Garland Street, Bangor, ME 04401
New
MULTI_FAMILY - Bangor, ME
Property size:
1,936 SFLot size:
0.11 AcresPrice / SF:
$136/SF- Added:
- Jun 16, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 21 at 2:06 pm
Property Features for 172 Garland Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- URD1
- Bathrooms
- 2
- Rooms
- Basement, Bathroom 2, Bathroom 1
- Interior features
- Bathtub, One-Floor Living, Shower, Storage
- Basement
- Full, Unfinished
- Standard status
- Active
- Size
- 1,936 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 2070
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Hot Water(Heating), Oil, Zoned
- Water source
- Public
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Laminate
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
- Additional Structures
- Storage
Listing agent Brian Sturgeon (207) 992-3007
Listing office Realty of Maine 458 Main Street, Bangor, ME (207) 942-6310
Listing date Jun 16, 2026
MLS# 1667496
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.
HighLights
- 2‑unit property with two spacious 2‑bedroom apartments for an owner‑occupy or investment setup
- New roof and new windows installed in 2025, plus vinyl siding and furnace replacements within the past 10 years
- Detached 960 SF storage building on‑site currently rented for $250/month
- Utilities: public water and public sewer; heating includes zoned baseboard/hot water with oil heat
- Wood‑frame construction with vinyl siding and a shingle roof
- Features include one‑floor living, storage, bathtub, and shower
Overview
This two-unit duplex offers two spacious 2-bedroom apartments within a single property. Exterior and mechanical updates include a new roof and new windows installed in 2025, with vinyl siding and a furnace replaced within the past 10 years. The property also includes a detached storage building with 960 square feet that is currently rented for $250 per month.
Located in Bangor, Maine on Garland Street in the Tree Streets neighborhood, the property is positioned for convenience to downtown and everyday needs, including hospitals, schools, shopping, restaurants, and major commuter routes. The property is zoned URD1.
This setup can fit buyers seeking a straightforward owner-occupied approach or those looking to add a residential income asset to a portfolio. With meaningful recent improvements and an existing income-producing storage component, the building is well suited for tenants who need dedicated 2-bedroom space, while the detached structure presents an additional avenue for planning, subject to City approval, if conversion to a third unit is desired.
Located in Bangor, Maine on Garland Street in the Tree Streets neighborhood, the property is positioned for convenience to downtown and everyday needs, including hospitals, schools, shopping, restaurants, and major commuter routes. The property is zoned URD1.
This setup can fit buyers seeking a straightforward owner-occupied approach or those looking to add a residential income asset to a portfolio. With meaningful recent improvements and an existing income-producing storage component, the building is well suited for tenants who need dedicated 2-bedroom space, while the detached structure presents an additional avenue for planning, subject to City approval, if conversion to a third unit is desired.
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 | $26.7k | $13.80 |
| − Vacancy | −$1.4k | −$0.71 |
| EGI | $25.3k | $13.09 |
| − OpEx | −$7.6k | −$3.93 |
| NOI | $17.7k | $9.16 |
1,936 SF · lease $13.80/SF/yr · vacancy 5.13% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$253.5K
$221.8K – $295.7K
NOI $17,742 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$233.1K
$204.0K – $272.0K
NOI $16,318 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$625.3K
$547.1K – $729.5K
NOI $43,769 @ 7.0% cap · market cap 16.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Good Tour Coffee ...
Specialty Food Shop
King's Red Painting
Painting Service
Location Insight
- Map
- Local Demand
- City
- Bangor
- County
- Penobscot
- State
- Maine
- Longitude
- -68.761638
- Latitude
- 44.809579
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-maintained duplex with two 2-bedroom units and a detached storage building producing rental income.
Where is this duplex located?
The property is located at 172 Garland Street Bangor, ME.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 2‑unit property with two spacious 2‑bedroom apartments for an owner‑occupy or investment setup; New roof and new windows installed in 2025, plus vinyl siding and furnace replacements within the past 10 years; Detached 960 SF storage building on‑site currently rented for $250/month
