Well-Maintained 5-Unit
20 Fruit Street Bangor, ME 04401
New
For Sale
$430,000
MULTI_FAMILY - Colonial - Bangor, ME
Property Size2,658 SF
Lot Size0.08 Acres
Price / SF$161.78
Days on Market2
Property Features for 20 Fruit Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Res
- Bathrooms
- 5
- Rooms
- Basement, Bathroom 5, Bathroom 4, Bathroom 3, Bathroom 2, Bathroom 1
- Parking features
- Off Street, Tandem
- Interior features
- 1st Floor Bedroom, Storage
- Basement
- Full, Sump Pump, Unfinished
- Standard status
- Active
- Size
- 2,658 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 4498
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Baseboard, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1900
- Number of units
- 5
- Flooring type
- Laminate, Vinyl, Linoleum
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Colonial
- Additional Structures
- Storage
Listing Agency:
Realty of Maine
(207) 942-6310
Listed By:
Carissa Marsh
(207) 974-6606
Added: Jul 23
Last Checked: Jul 24 at 4:06AM
MLS# 1673242
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 five-unit apartment building is described as well-maintained and features vinyl siding, vinyl windows, and aluminum trim. The property includes paved driveways and is served by a natural gas boiler. The remarks also note that half of the roof is slated to be replaced in August.
The building is located on a quiet one-way street near Northern Light/EMMC. Zoning is listed as Residential (Res).
The property has long-term tenants with a solid payment history, and financials are available. The listing remarks state the property is producing positive cash flow.
The building is located on a quiet one-way street near Northern Light/EMMC. Zoning is listed as Residential (Res).
The property has long-term tenants with a solid payment history, and financials are available. The listing remarks state the property is producing positive cash flow.
Key Highlights
- 5‑unit multifamily on a quiet one‑way street near Northern Light/EMMC
- Wood‑frame Colonial‑style building with vinyl siding, vinyl windows, and aluminum trim
- Natural gas hot water heating with baseboard heat
Financial Insights For Apartment 5plus
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 | $43.1k | $16.20 |
| − Vacancy | −$2.3k | −$0.87 |
| EGI | $40.7k | $15.33 |
| − OpEx | −$18.3k | −$6.90 |
| NOI | $22.4k | $8.43 |
2,658 SF · lease $16.20/SF/yr · vacancy 5.40% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Five-unit apartment building with vinyl siding and windows, natural gas boiler, and paved driveways on a quiet one-way street.
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: 5‑unit multifamily on a quiet one‑way street near Northern Light/EMMC; Wood‑frame Colonial‑style building with vinyl siding, vinyl windows, and aluminum trim; Natural gas hot water heating with baseboard heat
