Two-Unit Duplex with Rear
178 Birch Street Bangor, ME 04401
178 Birch Street, Bangor, ME, 04401
$270,000
For Sale
$270,000
Two-unit duplex offers updated kitchens, hardwood and laminate flooring, and rear deck access for both units.
Property Size1,505 SF
Price / SF$179.40
Days on Market103
Property Features for 178 Birch Street
General Information
- Standard status
- Active
- Size
- 1,505 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1920
Listing agency
Maine (207-794-6164)
(207) 794-4338
Listed by
Peter McPhail
(207) 794-4338
Source
Lifestylepropertiesofmaine
Added: Apr 10 Updated: Jul 21 at 12:01PM Checked: Jul 21 at 12:01PM
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 Maine (207-794-6164)
Investment Insights
Based on property information with market context.
This two-unit duplex includes Unit 180 on the first floor and Unit 178 on the second floor, each with an approximately similar layout. Unit 180 features hardwood flooring in the living room and formal dining room, an updated kitchen with butcher block countertops and modern finishes, and a full bathroom on the first floor. Upstairs, it includes three bedrooms with laminate flooring and closets, including a primary bedroom with a walk-in closet. Unit 178 offers hardwood flooring in the living and dining areas and an updated kitchen. The second floor includes three bedrooms and a full bath, with a mix of laminate and hardwood flooring in the bedrooms. Both units provide access to rear deck space.
The property is described as being in a convenient Bangor location, minutes from hospitals, schools, and downtown, with a 3-minute drive to Eastern Maine Medical Center. It is also listed as within walking distance of William S. Cohen School and Cameron Stadium, about 2 minutes from Abraham Lincoln School and Chapin Park, and approximately 11 minutes to Bangor International Airport.
As presented, the building functions as a straightforward income or owner-occupant configuration, with separate units and shared access to rear outdoor space for tenant or owner use.
The property is described as being in a convenient Bangor location, minutes from hospitals, schools, and downtown, with a 3-minute drive to Eastern Maine Medical Center. It is also listed as within walking distance of William S. Cohen School and Cameron Stadium, about 2 minutes from Abraham Lincoln School and Chapin Park, and approximately 11 minutes to Bangor International Airport.
As presented, the building functions as a straightforward income or owner-occupant configuration, with separate units and shared access to rear outdoor space for tenant or owner use.
Key Highlights
- Two‑unit duplex built in 1920, with a layout that works for investors or owner‑occupants
- Unit 180 (1st floor) includes hardwood in the living room and formal dining room and an updated kitchen with butcher block countertops
- Both units have rear deck access for tenant or owner outdoor space
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 | $20.8k | $13.80 |
| − Vacancy | −$1.1k | −$0.71 |
| EGI | $19.7k | $13.09 |
| − OpEx | −$5.9k | −$3.93 |
| NOI | $13.8k | $9.16 |
1,505 SF · lease $13.80/SF/yr · vacancy 5.13% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$197.0K
$172.4K – $229.9K
NOI $13,792 @ 7.0% cap · market cap 5.11%
Second Best
Apartment 5plus
$181.2K
$158.6K – $211.4K
NOI $12,685 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$486.1K
$425.3K – $567.1K
NOI $34,025 @ 7.0% cap · market cap 12.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Two-unit duplex offers updated kitchens, hardwood and laminate flooring, and rear deck access for both units.
Where is this duplex located?
The property is located at 178 Birch Street Bangor, ME.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1920, with a layout that works for investors or owner‑occupants; Unit 180 (1st floor) includes hardwood in the living room and formal dining room and an updated kitchen with butcher block countertops; Both units have rear deck access for tenant or owner outdoor space
