Duplex with Insulated Wood
36 Cottage Street, Bangor, ME 04401
For Sale
$264,900
Two-bedroom apartments, a private upper-level deck, and additional third-floor space complement the property’s workshop and storage buildings.
Property Size2,620 SF
Lot Size0.27 Acres
Price / SF$101.11
Days on Market138
Property Features for 36 Cottage Street
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Property Condition
Severity
Evidence
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Units
Listing Agency:
Berkshire Hathaway HomeServices Northeast Real Estate
Listed By:
Heather Young
(207) 942-8261
Source:
Integrityhomesrealestategroup
Added: Jun 29
Changed: Nov 11
Last Checked: Nov 12 at 8:52PM
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 Berkshire Hathaway HomeServices Northeast Real Estate
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Investment Insights
Based on property information with market context.
This duplex contains two apartments, each with 2 bedrooms and 1 bathroom, within a 2,620-square-foot building constructed in 1880. The second-floor unit opens to a private deck, and a third floor provides additional flexible space. An insulated, wired wood shop and a separate storage building connected to the home add practical utility. The property is being sold as is and would benefit from cosmetic updates.
The 0.27-acre parcel is at 36 Cottage Street in Bangor, Maine, with off-street parking. The location is minutes from downtown Bangor, hospitals, shopping, restaurants, schools, and major commuter routes. Zoning is URD 1.
The 0.27-acre parcel is at 36 Cottage Street in Bangor, Maine, with off-street parking. The location is minutes from downtown Bangor, hospitals, shopping, restaurants, schools, and major commuter routes. Zoning is URD 1.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- 2,620‑square‑foot building constructed in 1880
- Private deck serving the second‑floor apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,011
Cap Rate
9.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,220
$480.2K
Cap Rate 7%
$343,014
$343.0K
Cap Rate 9%
$266,789
$266.8K
Market Conditions
NOI Build-Up for 2,620 SF
Gross rent
$36.2K $13.80/SF
− Vacancy
−$1.9K −$0.71/SF
EGI
$34.3K $13.09/SF
− OpEx
−$10.3K −$3.93/SF
NOI
$24.0K $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%
$480,220
Cap Rate 7%
$343,014
Cap Rate 9%
$266,789
Alternative Uses
Best Use
Multifamily LT 5
$343.0K
$300.1K – $400.2K
NOI $24,011 @ 7.0% cap · market cap 9.06%
Second Best
Apartment 5plus
$315.5K
$276.1K – $368.1K
NOI $22,084 @ 7.0% cap · market cap 8.34%
Theoretical Best
Office A
$846.2K
$740.4K – $987.2K
NOI $59,233 @ 7.0% cap · market cap 22.36%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
692
Businesses Nearby
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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
$229,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Penobscot County, ME
Properties on Market for Duplexes in Penobscot County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom apartments, a private upper-level deck, and additional third-floor space complement the property’s workshop and storage buildings.
Where is this duplex located?
The property is located at 36 Cottage Street Bangor, ME.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; 2,620‑square‑foot building constructed in 1880; Private deck serving the second‑floor apartment
