Corner-Lot 4-Unit
For Sale
$375,000
176 Court Street, Bangor, ME 04401
Multi-Family, Bangor, ME
Property Size2,566 SF
Lot Size0.14 Acres
Price / SF$146.14
Days on Market43
Property Features for 176 Court Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
URD2
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 2, Bathroom 4, Bathroom 3, Basement
Patio and Porch features
Porch, Deck
Pets allowed
No
Interior features
Bathtub, Shower
Basement
Full, Unfinished
Lot features
Well Landscaped, Corner Lot, Level, Sidewalks, Intown, Near Shopping, Near Town, Near Public Transit
Standard status
Active
Size
2,566 SF
Lot size
0.14 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3234
Utilities
Sewer type
Public Sewer
Heating system
Other (Heating), Hot Water(Heating), Natural Gas, Propane (Heating)
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
4
Flooring type
Carpet, Hardwood, Laminate
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Cape Cod
Buildings
1
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Kimberly Dubois Matson
(603) 930-9728
Added: Sep 16
Changed: Oct 27
Last Checked: Oct 28 at 3:06AM
MLS# 1680772
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.
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Investment Insights
Based on property information with market context.
This 2,566-square-foot residential property contains four apartments: one two-bedroom unit and one one-bedroom unit on the first floor, plus two one-bedroom units upstairs. Each apartment has one bathroom. Built in 1900, the building has a wood-frame structure with vinyl siding, and its 0.14-acre parcel occupies a corner. Porch and deck areas provide exterior features, while public water and sewer serve the property.
The property is within walking distance of downtown Bangor shops, restaurants, and amenities. The units are rented month-to-month. URD2 zoning is listed for the property.
The property is within walking distance of downtown Bangor shops, restaurants, and amenities. The units are rented month-to-month. URD2 zoning is listed for the property.
Key Highlights
- Four apartments: one two‑bedroom and three one‑bedroom units, each with one bathroom
- 2,566 square feet on a 0.14‑acre corner lot
- Built in 1900; wood‑frame construction with vinyl siding
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,516
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$470,320
$470.3K
Cap Rate 7%
$335,943
$335.9K
Cap Rate 9%
$261,289
$261.3K
Market Conditions
NOI Build-Up for 2,566 SF
Gross rent
$35.4K $13.80/SF
− Vacancy
−$1.8K −$0.71/SF
EGI
$33.6K $13.09/SF
− OpEx
−$10.1K −$3.93/SF
NOI
$23.5K $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%
$470,320
Cap Rate 7%
$335,943
Cap Rate 9%
$261,289
Alternative Uses
Best Use
Multifamily LT 5
$335.9K
$294.0K – $391.9K
NOI $23,516 @ 7.0% cap · market cap 6.27%
Second Best
Apartment 5plus
$309.0K
$270.4K – $360.5K
NOI $21,628 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$828.7K
$725.2K – $966.9K
NOI $58,012 @ 7.0% cap · market cap 15.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,700
Businesses Nearby
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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?
Quadplex - The four apartments include a mix of one- and two-bedroom floor plans, each with one bathroom.
Where is this quadplex located?
The property is located at 176 Court Street Bangor, ME.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Four apartments: one two‑bedroom and three one‑bedroom units, each with one bathroom; 2,566 square feet on a 0.14‑acre corner lot; Built in 1900; wood‑frame construction with vinyl siding
