Multifamily
For Sale
$212,000
178 Ohio St, Bangor, ME 04401
Multifamily property with an established 1900 construction date.
Property Size1,648 SF
Price / SF$128.64
Days on Market48
Property Features for 178 Ohio St
General Information
Standard status
Active
Size
1,648 SF
Property subtype
Multi-Family
Building Details
Year Built
1900
Listed By:
Signature Homes Real Estate Group
(207) 885-0500
Source:
Signaturehomesmaine
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 26 at 3:55PM
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 Signature Homes Real Estate Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property at 178 Ohio St in Bangor, Maine, was built in 1900. The property size is listed as 1648, with no unit count or additional building specifications provided.
Key Highlights
- Multifamily property at 178 Ohio St, Bangor, ME 04401
- Built in 1900
- Property size listed as 1648
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,891
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,820
$277.8K
Cap Rate 7%
$198,443
$198.4K
Cap Rate 9%
$154,344
$154.3K
Market Conditions
NOI Build-Up for 1,648 SF
Gross rent
$26.7K $16.20/SF
− Vacancy
−$1.4K −$0.87/SF
EGI
$25.3K $15.33/SF
− OpEx
−$11.4K −$6.90/SF
NOI
$13.9K $8.43/SF
Area
Penobscot County, ME
Vacancy
5.40%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,820
Cap Rate 7%
$198,443
Cap Rate 9%
$154,344
Alternative Uses
Best Use
Apartment 5plus
$198.4K
$173.6K – $231.5K
NOI $13,891 @ 7.0% cap · market cap 6.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$532.3K
$465.7K – $621.0K
NOI $37,258 @ 7.0% cap · market cap 17.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,704
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
Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily property with an established 1900 construction date.
Where is this multifamily property located?
The property is located at 178 Ohio St Bangor, ME.
What is the asking price?
The asking price for this property is $212,000.
What are key features of this property?
This property features: Multifamily property at 178 Ohio St, Bangor, ME 04401; Built in 1900; Property size listed as 1648
