Residential Multifamily
For Sale
$320,000
3 Dean Street, Bangor, ME 04401
A 2,300-square-foot property in Bangor is offered in its current condition.
Property Size2,300 SF
Price / SF$139.13
Days on Market55
Property Features for 3 Dean Street
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Multi Family Home
Zoning
R-1
Taxes and HOA fees
Annual Taxes
$4,014
Amenities
1st Floor Bedroom
Shower
Building Details
Building Size
2,300 SF
Year Built
1900
Stories
2
Units
2
Listing Agency:
EXP Realty
(888) 439-8743
Listed By:
Kevin Turner
(207) 249-5929
Source:
Amerorealty
Added: Sep 8
Changed: Oct 31
Last Checked: Oct 31 at 2:19PM
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 EXP Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,300-square-foot multifamily property was built in 1900 and is zoned R-1. The property is being sold in its current condition.
The property is located at 3 Dean Street in Bangor, Maine.
The property is located at 3 Dean Street in Bangor, Maine.
Key Highlights
- 2,300 square feet of building area
- Built in 1900
- Zoned R‑1
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,386
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,720
$387.7K
Cap Rate 7%
$276,943
$276.9K
Cap Rate 9%
$215,400
$215.4K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$37.3K $16.20/SF
− Vacancy
−$2.0K −$0.87/SF
EGI
$35.2K $15.33/SF
− OpEx
−$15.9K −$6.90/SF
NOI
$19.4K $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%
$387,720
Cap Rate 7%
$276,943
Cap Rate 9%
$215,400
Alternative Uses
Best Use
Apartment 5plus
$276.9K
$242.3K – $323.1K
NOI $19,386 @ 7.0% cap · market cap 6.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$742.8K
$650.0K – $866.6K
NOI $51,998 @ 7.0% cap · market cap 16.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
425
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - A 2,300-square-foot property in Bangor is offered in its current condition.
Where is this multifamily property located?
The property is located at 3 Dean Street Bangor, ME.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: 2,300 square feet of building area; Built in 1900; Zoned R‑1
