5-Unit Apartment
20 Fruit Street, Bangor, ME 04401
For Sale
$430,000
Well-maintained residential property with vinyl siding, vinyl windows, and paved driveways.
Property Size2,658 SF
Price / SF$161.78
Days on Market112
Property Features for 20 Fruit Street
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Road Access
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Units
Listing Agency:
Realty of Maine
(207) 942-6310
Listed By:
Carissa Marsh
(207) 974-6606
Source:
Integrityhomesrealestategroup
Added: Jul 23
Changed: Nov 11
Last Checked: Nov 11 at 2:10AM
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 Realty of Maine
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Investment Insights
Based on property information with market context.
This five-unit apartment property contains 2,658 square feet and dates to 1900. Exterior features include vinyl siding, vinyl windows, and aluminum trim; the building is served by a natural gas boiler. Paved driveways provide on-site access for residents.
The property is on a quiet one-way street near Northern Light/EMMC. Long-term tenants are in place, with payment history and financial information available. A portion of the roof is scheduled for replacement in August.
The property is on a quiet one-way street near Northern Light/EMMC. Long-term tenants are in place, with payment history and financial information available. A portion of the roof is scheduled for replacement in August.
Key Highlights
- Five residential units
- 2,658 square feet; built in 1900
- Vinyl siding, vinyl windows, and aluminum trim
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,404
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$448,080
$448.1K
Cap Rate 7%
$320,057
$320.1K
Cap Rate 9%
$248,933
$248.9K
Market Conditions
NOI Build-Up for 2,658 SF
Gross rent
$43.1K $16.20/SF
− Vacancy
−$2.3K −$0.87/SF
EGI
$40.7K $15.33/SF
− OpEx
−$18.3K −$6.90/SF
NOI
$22.4K $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%
$448,080
Cap Rate 7%
$320,057
Cap Rate 9%
$248,933
Alternative Uses
Best Use
Apartment 5plus
$320.1K
$280.1K – $373.4K
NOI $22,404 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$858.5K
$751.2K – $1.00M
NOI $60,092 @ 7.0% cap · market cap 13.97%
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
Lease Details
5
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,288
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
$229,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Bangor, ME
Properties on Market for Apartment buildings in Bangor
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained residential property with vinyl siding, vinyl windows, and paved driveways.
Where is this apartment building located?
The property is located at 20 Fruit Street Bangor, ME.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Five residential units; 2,658 square feet; built in 1900; Vinyl siding, vinyl windows, and aluminum trim
