Remodeled Two-Unit
For Sale
$290,000
175 Center Street, Bangor, ME 04401
Two updated two-bedroom units provide a fully occupied residential income property with private parking.
Property Size1,872 SF
Price / SF$154.91
Days on Market63
Property Features for 175 Center Street
General Information
Standard status
Active
Size
1,872 SF
Property subtype
Multi-family
Occupancy
100%
Lease Term
[]
Units
Unit Mix
2 x 2-bedroom
Multifamily Units
2
Amenities
private parking
Building Details
Year Built
1900
Listing Agency:
CENTURY 21 Queen City Real Estate
Listed By:
Estrella Ruiz
(207) 249-6214
Source:
Portsiderealestategroup
Added: Aug 16
Changed: Oct 11
Last Checked: Oct 16 at 9:06AM
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 CENTURY 21 Queen City Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,872-square-foot duplex contains two spacious two-bedroom units, each remodeled within the past year. The property is fully occupied and includes private parking, offering a straightforward configuration for residential income use or owner occupancy with an existing rental component.
Built in 1900, the property is located at 175 Center Street in Bangor, Maine, near schools, shopping, parks, and everyday amenities. Showings require 24 hours’ notice. The broker is also the seller.
Built in 1900, the property is located at 175 Center Street in Bangor, Maine, near schools, shopping, parks, and everyday amenities. Showings require 24 hours’ notice. The broker is also the seller.
Key Highlights
- Two‑unit duplex with two spacious 2‑bedroom units
- 1,872 square feet of building area
- Both units remodeled within the past year
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,156
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,120
$343.1K
Cap Rate 7%
$245,086
$245.1K
Cap Rate 9%
$190,622
$190.6K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$25.8K $13.80/SF
− Vacancy
−$1.3K −$0.71/SF
EGI
$24.5K $13.09/SF
− OpEx
−$7.4K −$3.93/SF
NOI
$17.2K $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%
$343,120
Cap Rate 7%
$245,086
Cap Rate 9%
$190,622
Alternative Uses
Best Use
Multifamily LT 5
$245.1K
$214.5K – $285.9K
NOI $17,156 @ 7.0% cap · market cap 5.92%
Second Best
Apartment 5plus
$225.4K
$197.2K – $263.0K
NOI $15,779 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$604.6K
$529.0K – $705.4K
NOI $42,322 @ 7.0% cap · market cap 14.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,122
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
Frequently Asked Questions
What type of property is this?
Duplex - Two updated two-bedroom units provide a fully occupied residential income property with private parking.
Where is this duplex located?
The property is located at 175 Center Street Bangor, ME.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Two‑unit duplex with two spacious 2‑bedroom units; 1,872 square feet of building area; Both units remodeled within the past year
