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Bangor Four-Unit Multifamily Property

284 French Street Bangor, ME 04401

284 French Street, Bangor, ME, 04401

$444,900

For Sale

$444,900

MULTI_FAMILY - Colonial - Bangor, ME

Property Size2,352 SF

Lot Size0.09 Acres

Price / SF$189.16

AddedMay 21

Days on Market55

Last RefreshJul 14 at 5:06 pm

Property Features for 284 French Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: URD-1
Bathrooms: 4
Rooms: Bathroom 3, Bathroom 4, Bathroom 2, Bathroom 1, Basement
Parking features: Off Street
Interior features: Attic, Bathtub, Pantry, Shower
Fencing: Fenced
Basement: Full, Unfinished
Standard status: Active
Size: 2,352 SF
Lot size: 0.09 Acres

Taxes and HOA fees

Tax Year: 2026
Tax Annual Amount: 4152

Utilities

Sewer type: Public Sewer
Heating system: Baseboard, Hot Water(Heating), Zoned, Natural Gas, Other (Heating)
Water source: Public

Building Details

Year built: 1916
Floors in Building: 2
Number of units: 4
Flooring type: Vinyl, Wood, Carpet, Tile
Building materials: Wood Frame, Shingle Siding, Wood Siding
Roof type: Shingle
Architectural style: Colonial

Listing agent Kortnie Mullins

Listing office Realty of Maine 458 Main Street, Bangor, ME

Listing date May 21, 2026

MLS# 1654425 Listing URL

Investment Insights

Based on property information with market context.

This four-unit multi-family property is located in Bangor and features four one-bedroom apartments. Two of the units include mudrooms with custom historical pillars, living rooms with original fireplaces, formal dining rooms, galley kitchens, and bedroom suites. These units also have access to the farmer's porch. The remaining two one-bedroom units offer mirrored layouts, each with a private deck, a kitchen, a living area, and a bedroom. The property includes a natural gas boiler and coin-operated laundry. The property is located within walking distance of downtown Bangor, John Bapst High School, local restaurants, shops, and amenities. The lot size is 0.09 acres and the property size is 2352 square feet. The property is zoned URD-1.

Key Highlights

4‑unit multi‑family property built in 1916 with a Colonial architectural style
Four 1‑bedroom apartments with basement plus four bathrooms (Bathroom 1–4)
Natural gas boiler with zoned heating and baseboard heat

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $21,555 @ 7.0% cap · market cap 4.84%

Second Best

Apartment 5plus

$283.2K

$247.8K – $330.4K (±1% cap)

NOI $19,825 @ 7.0% cap · market cap 4.46%

Theoretical Best

Office A

$759.6K

$664.7K – $886.2K (±1% cap)

NOI $53,174 @ 7.0% cap · market cap 11.95%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

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For sale
Quadplexes
ME
Bangor
04401
284 French Street

What type of property is this?

Quadplex - Four one-bedroom apartments in a desirable Bangor location.

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 $444,900.

What are key features of this property?

This property features: 4‑unit multi‑family property built in 1916 with a Colonial architectural style; Four 1‑bedroom apartments with basement plus four bathrooms (Bathroom 1–4); Natural gas boiler with zoned heating and baseboard heat

284 French Street Bangor, ME 04401

MULTI_FAMILY - Colonial - Bangor, ME

Property Features for 284 French Street

General Information

Taxes and HOA fees

Utilities

Building Details

Investment Insights

Key Highlights

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Live-Work Medical Office Property

Corner Retail and Office Building

Passive Solar Office and Medical Building

Historic Office Building with Basement Entrance

Multi-Suite Professional Office Building

Historic Office Condo

16-Unit Apartment Building

Brick 8-Unit Apartment Building

8-Unit Brick Apartment Building

Historic Mixed-Use Building

High-Visibility Commercial Building in Bangor

Mixed-Use Double House with Offices

FAQs