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 Market29
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
Basement, Bathroom 1, Bathroom 2
Patio and Porch features
Deck, Porch
Interior features
1st Floor Bedroom, Shower
Basement
Unfinished, Walk-Out Access, Full
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, Hot Water(Heating), Propane (Heating), Forced Air, Oil
Cooling system
Window Unit(s)
Water source
Public
Amenities
HW floors
natural woodwork
3 season porches
back yard
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Wood, Hardwood, Laminate, Linoleum
Building materials
Wood Frame, Vinyl Siding
Roof type
Metal
Architectural style
Colonial
Listing Agency:
EXP Realty
(888) 439-8743
Listed By:
Kevin Turner
(207) 249-5929
Added: Sep 8
Changed: Sep 23
Last Checked: Oct 6 at 10:06AM
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.
Investment Insights
Based on property information with market context.
Built in 1900, this Colonial-style duplex contains two apartments arranged on the first and second floors, with each unit offering three bedrooms. The 2,300-square-foot property includes two furnaces, two three-season porches, a basement, hardwood and additional mixed flooring, and a combination of baseboard, forced-air, hot-water, oil, and propane heating systems. Window-unit cooling is also present. Wood-frame construction, vinyl siding, and a metal roof complete the exterior, while public water and public sewer serve the property. The building is being sold as-is.
Set on 0.23 acres in Bangor, the property includes a backyard and off-street parking for 5-6 vehicles. It is located across from Fairmount Market and near Mansfield Park, a golf course, and businesses along Hammond Street. The property is zoned R-1 and includes a deck and porch areas.
Set on 0.23 acres in Bangor, the property includes a backyard and off-street parking for 5-6 vehicles. It is located across from Fairmount Market and near Mansfield Park, a golf course, and businesses along Hammond Street. The property is zoned R-1 and includes a deck and porch areas.
Key Highlights
- Two 3‑bedroom apartments in a 2,300‑square‑foot duplex
- 0.23‑acre parcel with backyard and off‑street parking for 5‑6 vehicles
- Two furnaces and two 3‑season porches
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.
Property Analytics
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Current Use
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
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Frequently Asked Questions
What type of property is this?
Duplex - First- and second-floor apartments each offer three bedrooms, hardwood flooring, and access to a three-season porch.
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 3‑bedroom apartments in a 2,300‑square‑foot duplex; 0.23‑acre parcel with backyard and off‑street parking for 5‑6 vehicles; Two furnaces and two 3‑season porches
