Four-Unit Cape Cod Apartment
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 Market21
Property Features for 176 Court Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
URD2
Bathrooms
4
Full bathrooms
4
Rooms
Basement, Bathroom 1, Bathroom 2, Bathroom 4, Bathroom 3
Patio and Porch features
Deck, Porch
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
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3234
Utilities
Sewer type
Public Sewer
Heating system
Propane (Heating), Hot Water(Heating), Other (Heating), Natural Gas
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
4
Flooring type
Hardwood, Carpet, Laminate
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Cape Cod
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Kimberly Dubois Matson
(603) 930-9728
Added: Sep 16
Last Checked: Oct 6 at 9:06AM
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.
Investment Insights
Based on property information with market context.
This 2,566-square-foot Cape Cod property contains four apartment units on a 0.14-acre corner lot. The first floor includes one two-bedroom apartment and one one-bedroom apartment, while the second floor has two additional one-bedroom units. Each apartment includes one bathroom, and the building offers a basement, porch, and deck.
Constructed in 1900, the building features wood-frame construction with vinyl siding, a shingle roof, and a mix of hardwood, carpet, and laminate flooring. Public water and public sewer serve the property. All four units are currently leased on a month-to-month basis. The property is located at 176 Court Street in Bangor, within walking distance of downtown shops, restaurants, and local amenities.
Constructed in 1900, the building features wood-frame construction with vinyl siding, a shingle roof, and a mix of hardwood, carpet, and laminate flooring. Public water and public sewer serve the property. All four units are currently leased on a month-to-month basis. The property is located at 176 Court Street in Bangor, within walking distance of downtown shops, restaurants, and local amenities.
Key Highlights
- Four apartment units totaling 2,566 square feet
- Unit mix includes one 2‑bedroom and three 1‑bedroom apartments
- 0.14‑acre corner lot at 176 Court Street, Bangor
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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,700
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Corner-lot property with a two-bedroom and three one-bedroom apartments, all configured 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 apartment units totaling 2,566 square feet; Unit mix includes one 2‑bedroom and three 1‑bedroom apartments; 0.14‑acre corner lot at 176 Court Street, Bangor
