Two-Unit Duplex with Updated
New
For Sale
$195,000
20 Highland Ct, Bangor, ME 04401
A fully rented, two-level residence pairs distinct bedroom configurations with mechanical improvements completed in 2018.
Property Size2,044 SF
Price / SF$95.40
Days on Market4
Property Features for 20 Highland Ct
General Information
Standard status
Active
Size
2,044 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1900
Stories
2
Tenancy
Multi
Listed By:
Pouliot Real Estate
(207) 248-6044
Source:
Pouliotrealestate
Added: Oct 24
Changed: Oct 26
Last Checked: Oct 26 at 3:24PM
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 Pouliot Real Estate
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Investment Insights
Based on property information with market context.
This 2,044-square-foot duplex, built in 1900, contains two apartments. The first-floor unit has 2 bedrooms and 1 full bath; the second-floor unit has 3 bedrooms and 1 full bath. Both are rented. Improvements made in 2018 include heat pumps, replacement windows, a propane fireplace, and propane on-demand hot water.
The property is located at 20 Highland Ct in Bangor, Maine.
The property is located at 20 Highland Ct in Bangor, Maine.
Key Highlights
- Two apartments totaling 2,044 square feet
- First‑floor unit: 2 bedrooms and 1 full bath; second‑floor unit: 3 bedrooms and 1 full bath
- Both units are currently rented
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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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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 - A fully rented, two-level residence pairs distinct bedroom configurations with mechanical improvements completed in 2018.
Where is this duplex located?
The property is located at 20 Highland Ct 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 totaling 2,044 square feet; First‑floor unit: 2 bedrooms and 1 full bath; second‑floor unit: 3 bedrooms and 1 full bath; Both units are currently rented
