Four One-Bedroom
284 French Street Bangor, ME 04401
For Sale
$449,900
Four one-bedroom apartments with coin-operated laundry and a natural gas boiler, close to Bangor amenities.
Property Size2,352 SF
Price / SF$191.28
Days on Market132
Property Features for 284 French Street
General Information
- Standard status
- Active
- Size
- 2,352 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1916
Listing Agency:
Realty of Maine
(207) 991-4924
Listed By:
Kortnie Mullins
(207) 991-4924
Source:
Compass
Added: Mar 15
Changed: Jul 22
Last Checked: Jul 23 at 7:31AM
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
Investment Insights
Based on property information with market context.
This quadplex offers four one-bedroom apartments with classic character and practical, tenant-friendly layouts. Two units include mudrooms with custom historical pillars, spacious living rooms with original fireplaces, formal dining rooms, galley kitchens, and bedrooms with bathroom suites, along with access to a farmer’s porch. The remaining two units feature mirrored layouts with private decks, generously sized kitchens, living areas, and bedrooms. The property is supported by a natural gas boiler and includes convenient coin-operated laundry.
Located at 284 French Street in Bangor, the building is described as being within walking distance to downtown Bangor, John Bapst High School, and many local restaurants, shops, and amenities.
As a four-unit residential income property, this offering presents a straightforward multi-family configuration with multiple distinct one-bedroom floor plans already in place.
Located at 284 French Street in Bangor, the building is described as being within walking distance to downtown Bangor, John Bapst High School, and many local restaurants, shops, and amenities.
As a four-unit residential income property, this offering presents a straightforward multi-family configuration with multiple distinct one-bedroom floor plans already in place.
Key Highlights
- 4‑unit multi‑family with four 1‑bedroom apartments
- Coin‑operated laundry and natural gas boiler
- Two fireplaces and 2‑story wood‑frame structure with shingle roof
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 | $32.5k | $13.80 |
| − Vacancy | −$1.7k | −$0.71 |
| EGI | $30.8k | $13.09 |
| − OpEx | −$9.2k | −$3.93 |
| NOI | $21.6k | $9.16 |
2,352 SF · lease $13.80/SF/yr · vacancy 5.13% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$307.9K
$269.4K – $359.3K
NOI $21,555 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$283.2K
$247.8K – $330.4K
NOI $19,825 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$759.6K
$664.7K – $886.2K
NOI $53,174 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four one-bedroom apartments with coin-operated laundry and a natural gas boiler, close to Bangor amenities.
Where is this quadplex located?
The property is located at 284 French Street Bangor, ME.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 4‑unit multi‑family with four 1‑bedroom apartments; Coin‑operated laundry and natural gas boiler; Two fireplaces and 2‑story wood‑frame structure with shingle roof
