Two-Unit Duplex with Heat
New
For Sale
$195,000
20 Highland Court, Bangor, ME 04401
Multi-Family, Bangor, ME
Property Size2,044 SF
Lot Size0.10 Acres
Price / SF$95.40
Days on Market1
Property Features for 20 Highland Court
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
URD-2
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 2, Bathroom 1
Parking features
Off Street
Patio and Porch features
Deck, Porch
Basement
Unfinished
Lot features
Level, Intown, Near Shopping
Standard status
Active
Size
2,044 SF
Lot size
0.10 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3138
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Electric (Heating), Propane (Heating)
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Laminate
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Realty of Maine
(207) 942-6310
Listed By:
Grace Nash
(207) 944-3711
Added: Oct 23
Last Checked: Oct 23 at 9:06PM
MLS# 1685418
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.
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Investment Insights
Based on property information with market context.
This 2,044-square-foot duplex contains two rented apartments. The first-floor unit has 2 bedrooms and 1 full bath; the second-floor unit has 3 bedrooms and 1 full bath. Improvements made in 2018 included heat pumps, a propane fireplace, replacement windows, and propane on-demand hot water. The property also has a deck, porch, and off-street parking.
Set on a 0.1-acre lot, the property is zoned URD-2 and served by public water and public sewer. The building dates to 1900.
Set on a 0.1-acre lot, the property is zoned URD-2 and served by public water and public sewer. The building dates to 1900.
Key Highlights
- Two apartments, both currently rented
- First‑floor unit: 2 bedrooms and 1 full bath; second‑floor unit: 3 bedrooms and 1 full bath
- 2,044 square feet on a 0.1‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,229
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,580
$344.6K
Cap Rate 7%
$246,129
$246.1K
Cap Rate 9%
$191,433
$191.4K
Market Conditions
NOI Build-Up for 2,044 SF
Gross rent
$33.1K $16.20/SF
− Vacancy
−$1.8K −$0.87/SF
EGI
$31.3K $15.33/SF
− OpEx
−$14.1K −$6.90/SF
NOI
$17.2K $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%
$344,580
Cap Rate 7%
$246,129
Cap Rate 9%
$191,433
Alternative Uses
Best Use
Multifamily LT 5
$267.6K
$234.2K – $312.2K
NOI $18,732 @ 7.0% cap · market cap 9.61%
Second Best
Apartment 5plus
$246.1K
$215.4K – $287.2K
NOI $17,229 @ 7.0% cap · market cap 8.84%
Theoretical Best
Office A
$660.2K
$577.6K – $770.2K
NOI $46,211 @ 7.0% cap · market cap 23.70%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,041
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are rented and include propane on-demand hot water.
Where is this duplex located?
The property is located at 20 Highland Court Bangor, ME.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Two apartments, both currently rented; First‑floor unit: 2 bedrooms and 1 full bath; second‑floor unit: 3 bedrooms and 1 full bath; 2,044 square feet on a 0.1‑acre lot
