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    Bangor Duplex: Investor or Owner Title is generated by Realmo AI

    178 Birch Street, Bangor, ME 04401

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    For Sale
    $270,000

    MULTI_FAMILY - Cape Cod - Bangor, ME

    Property size:
    1,505 SF
    Lot size:
    0.18 Acres
    Price / SF:
    $179/SF
    Added:
    May 28, 2026
    Days on Market:
    2
    Last Refresh:
    May 29 at 6:06 pm

    Property Features for 178 Birch Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    URD1
    Bathrooms
    2
    Rooms
    Bathroom 1, Basement, Bathroom 2
    Patio and Porch features
    Deck
    Basement
    Full
    Standard status
    Active
    Size
    1,505 SF
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    5264

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Propane (Heating), Forced Air
    Water source
    Public

    Building Details

    Year built
    1920
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Wood
    Building materials
    Wood Frame, Asbestos
    Roof type
    Metal
    Architectural style
    Cape Cod

    We can help!

    Listing Contact
    Peter McPhail

    Listing agent Peter McPhail

    Listing office United Country Lifestyle Properties of Maine 113 West Broadway, Lincoln, ME

    Listing date May 28, 2026

    MLS# 1660651 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

    • Two‑unit property ideal for investors or owner‑occupants in a convenient Bangor location.
    • Close proximity to hospitals, schools, downtown, and Bangor International Airport.
    • Unit 180 features updated kitchen with butcher block countertops and modern finishes, hardwood floors, and a walk‑in closet in the primary bedroom.
    • Unit 178 offers a similar layout with hardwood flooring in living/dining areas and an updated kitchen.
    • Both units have access to rear deck space.
    • Strong rental demand in Bangor provides income potential.

    Overview

    Located in Bangor, this two-unit property presents an opportunity for investors and owner-occupants. Unit 180, situated on the first floor, features hardwood floors in the living room and formal dining room, complemented by an updated kitchen with butcher block countertops and modern finishes. A full bathroom is also located on the first floor. Upstairs, three bedrooms offer laminate flooring and closets, including a primary bedroom with a walk-in closet. Unit 178 has a similar layout, with 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 throughout the bedrooms. Both units have access to rear deck space. The property is a 3-minute drive to Eastern Maine Medical Center, within walking distance to William S. Cohen School and Cameron Stadium, 2 minutes to Abraham Lincoln School and Chapin Park, and approximately 11 minutes to Bangor International Airport. The property is zoned URD1 and has a lot size of 0.18 acres. The property size is 1505 square feet.

    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 (±1% cap)
    NOI $13,792 @ 7.0% cap · market cap 5.11%
    Second Best
    Apartment 5plus
    $181.2K
    $158.6K – $211.4K (±1% cap)
    NOI $12,685 @ 7.0% cap · market cap 4.70%
    Theoretical Best
    Office A
    $486.1K
    $425.3K – $567.1K (±1% cap)
    NOI $34,025 @ 7.0% cap · market cap 12.60%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bangor
    County
    Penobscot
    State
    Maine
    Longitude
    -68.760224
    Latitude
    44.810567

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    FAQs

    What type of property is this?
    Duplex - Two-unit property near hospitals, schools, and downtown Bangor.
    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 property ideal for investors or owner‑occupants in a convenient Bangor location.; Close proximity to hospitals, schools, downtown, and Bangor International Airport.; Unit 180 features **updated kitchen with butcher block countertops and modern finishes**, hardwood floors, and a walk‑in closet in the primary bedroom.
    (207) 794-4338
    We can help!
    Listing Contact
    Peter McPhail
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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