Two-Unit Colonial
For Sale
$320,000
3 Dean Street, Bangor, ME 04401
Multi-Family, Bangor, ME
Property Size2,300 SF
Lot Size0.23 Acres
Price / SF$139.13
Days on Market50
Property Features for 3 Dean Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-1
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Basement
Patio and Porch features
Deck, Porch
Interior features
1st Floor Bedroom, Shower
Basement
Walk-Out Access, Full, Unfinished
Lot features
Corner Lot, Sidewalks, Intown, Near Golf Course, Near Turnpike/ Interstate, Near Town, Neighborhood, Suburban, Near Public Transit
Standard status
Active
Size
2,300 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4014
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Oil, Propane (Heating), Hot Water(Heating), Forced Air
Cooling system
Window Unit(s)
Water source
Public
Amenities
3 season porches
back yard
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Laminate, Hardwood, Linoleum, Wood
Building materials
Wood Frame, Vinyl Siding
Roof type
Metal
Architectural style
Colonial
Buildings
1
Listing Agency:
EXP Realty
(888) 439-8743
Listed By:
Kevin Turner
(207) 249-5929
Added: Sep 8
Changed: Oct 27
Last Checked: Oct 27 at 6:06PM
MLS# 1679644
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 2,300-square-foot Colonial duplex contains two three-bedroom units, one on each of the first two floors. The property was built in 1900 and has hardwood and other flooring, wood trim, two furnaces, and two three-season porches. It is being sold as-is. The 0.23-acre parcel includes a backyard and off-street parking for 5–6 vehicles.
The property is across from Fairmount Market in Bangor’s Fairmount neighborhood. Hammond Street shops, Mansfield Park, a golf course, and schools are among the nearby destinations identified. Public water and sewer serve the property; zoning is R-1.
The property is across from Fairmount Market in Bangor’s Fairmount neighborhood. Hammond Street shops, Mansfield Park, a golf course, and schools are among the nearby destinations identified. Public water and sewer serve the property; zoning is R-1.
Key Highlights
- Two three‑bedroom units across the first and second floors
- 2,300 square feet on a 0.23‑acre parcel
- Two three‑season porches and a backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,078
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,560
$421.6K
Cap Rate 7%
$301,114
$301.1K
Cap Rate 9%
$234,200
$234.2K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$31.7K $13.80/SF
− Vacancy
−$1.6K −$0.71/SF
EGI
$30.1K $13.09/SF
− OpEx
−$9.0K −$3.93/SF
NOI
$21.1K $9.16/SF
Area
Penobscot County, ME
Vacancy
5.13%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,560
Cap Rate 7%
$301,114
Cap Rate 9%
$234,200
Alternative Uses
Best Use
Multifamily LT 5
$301.1K
$263.5K – $351.3K
NOI $21,078 @ 7.0% cap · market cap 6.59%
Second Best
Apartment 5plus
$276.9K
$242.3K – $323.1K
NOI $19,386 @ 7.0% cap · market cap 6.06%
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
Explore this area
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 - Two separate three-bedroom apartments occupy the first and second floors, with individual furnaces and seasonal porches.
Where is this duplex 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: Two three‑bedroom units across the first and second floors; 2,300 square feet on a 0.23‑acre parcel; Two three‑season porches and a backyard
