Cape Cod Duplex with Rear Deck
For Sale
$270,000
178 Birch Street, Bangor, ME 04401
MULTI_FAMILY - Cape Cod - Bangor, ME
Property Size1,505 SF
Lot Size0.18 Acres
Price / SF$179.40
Days on Market77
Property Features for 178 Birch Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
URD1
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 1, Bathroom 2
Patio and Porch features
Deck
Basement
Full
Lot features
Sidewalks, Intown, Neighborhood
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
Forced Air, Propane (Heating)
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
Listing Agency:
United Country Lifestyle Properties of Maine
(207) 794-6164
Listed By:
Peter McPhail
(207) 794-4338
Added: May 28
Changed: Aug 2
Last Checked: Aug 12 at 5:06AM
MLS# 1660651
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 two-unit Cape Cod duplex offers a practical owner-occupant or investor layout with four bedrooms upstairs and a full bath on each level. Unit 180 is on the first floor and features hardwood floors in the living room and formal dining room, an updated kitchen with butcher block countertops, and a full bathroom. The second floor includes three bedrooms plus a primary bedroom with a walk-in closet, with laminate flooring and closets throughout. Unit 178 offers a similar layout with hardwood flooring in the living and dining areas and an updated kitchen, with bedrooms featuring a mix of laminate and hardwood and a full bath. Both units have access to rear deck space. The home is wood frame construction with forced air propane heat, wood flooring, a metal roof, public water, and public sewer.
The property sits on a 0.18-acre lot in URD1 zoning in Bangor, ME. It is about a 3-minute drive to Eastern Maine Medical Center and within walking distance to William S. Cohen School and Cameron Stadium, with Abraham Lincoln School and Chapin Park about 2 minutes away. Bangor International Airport is approximately 11 minutes from the address.
Built in 1920, the duplex includes basement space and two bathrooms, and it features deck outdoor space for tenant or owner use.
The property sits on a 0.18-acre lot in URD1 zoning in Bangor, ME. It is about a 3-minute drive to Eastern Maine Medical Center and within walking distance to William S. Cohen School and Cameron Stadium, with Abraham Lincoln School and Chapin Park about 2 minutes away. Bangor International Airport is approximately 11 minutes from the address.
Built in 1920, the duplex includes basement space and two bathrooms, and it features deck outdoor space for tenant or owner use.
Key Highlights
- Two‑unit Cape Cod duplex with rear deck access for both units
- 0.18‑acre lot in URD1 zoning
- Unit 180: hardwood floors in living and formal dining, updated kitchen with butcher block countertops
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,792
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$275,840
$275.8K
Cap Rate 7%
$197,029
$197.0K
Cap Rate 9%
$153,244
$153.2K
Market Conditions
NOI Build-Up for 1,505 SF
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.
Gross rent
$20.8K $13.80/SF
− Vacancy
−$1.1K −$0.71/SF
EGI
$19.7K $13.09/SF
− OpEx
−$5.9K −$3.93/SF
NOI
$13.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$275,840
Cap Rate 7%
$197,029
Cap Rate 9%
$153,244
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,554
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit Cape Cod duplex with updated kitchens, hardwood floors, and rear deck access in URD1 zoning.
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 Cape Cod duplex with rear deck access for both units; 0.18‑acre lot in URD1 zoning; Unit 180: hardwood floors in living and formal dining, updated kitchen with butcher block countertops
