Brand New Duplex
2 Highland Avenue Bangor, ME 04401
2 Highland Avenue, Bangor, ME, 04401
$305,000
For Sale
$305,000
New construction duplex with two units, private utilities, and public water and sewer connection.
Property Size1,600 SF
Price / SF$190.63
Days on Market197
Property Features for 2 Highland Avenue
General Information
- Standard status
- Active
- Size
- 1,600 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 2025
Listing agency
NextHome Experience
(207) 343-0143
Listed by
Lewis Morrison
(207) 343-0143
Source
Compass
Added: Jan 7 Updated: Jul 22 at 5:47PM Checked: Jul 22 at 5:47PM
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 NextHome Experience
Investment Insights
Based on property information with market context.
This brand new construction duplex is a modern, two-unit property built with an emphasis on energy efficiency and turnkey readiness. Each unit is finished with stylish, modern fixtures and benefits from private utilities and quality craftsmanship throughout. The duplex is connected to public water and sewer, supporting straightforward ongoing operations.
The property is located at 2 Highland Avenue in Bangor, Maine. It is offered for sale and is configured for flexible occupancy, whether you plan to live in one unit while renting the other or rent both units.
As a residential income property, the asset’s practical setup includes two separate units within a single duplex structure, both described as brand new.
The property is located at 2 Highland Avenue in Bangor, Maine. It is offered for sale and is configured for flexible occupancy, whether you plan to live in one unit while renting the other or rent both units.
As a residential income property, the asset’s practical setup includes two separate units within a single duplex structure, both described as brand new.
Key Highlights
- brand new construction duplex built in 2025 with 2 floors and 2 total bathrooms
- Two‑unit layout with private utilities for each unit
- Connected to public water and sewer
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 | $22.1k | $13.80 |
| − Vacancy | −$1.1k | −$0.71 |
| EGI | $20.9k | $13.09 |
| − OpEx | −$6.3k | −$3.93 |
| NOI | $14.7k | $9.16 |
1,600 SF · lease $13.80/SF/yr · vacancy 5.13% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$209.5K
$183.3K – $244.4K
NOI $14,663 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$192.7K
$168.6K – $224.8K
NOI $13,486 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$516.8K
$452.2K – $602.9K
NOI $36,173 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - New construction duplex with two units, private utilities, and public water and sewer connection.
Where is this duplex located?
The property is located at 2 Highland Avenue Bangor, ME.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: brand new construction duplex built in 2025 with 2 floors and 2 total bathrooms; Two‑unit layout with private utilities for each unit; Connected to public water and sewer
