Victorian
New
For Sale
$399,000
423 Union Street, Bangor, ME 04401
Multi-Family, Bangor, ME
Property Size3,000 SF
Lot Size0.19 Acres
Price / SF$133
Days on Market2
Property Features for 423 Union Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
11 URD1
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Basement
Patio and Porch features
Porch
Pets allowed
No
Interior features
In-Law Apartment, 1st Floor Bedroom
Basement
Partial
Lot features
Level, Intown
Standard status
Active
Size
3,000 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
5554
Utilities
Sewer type
Public Sewer
Heating system
Other (Heating), Natural Gas, Electric (Heating), Hot Water(Heating), Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Amenities
wrap-around porch
Building Details
Year built
1900
Floors in Building
2
Number of units
3
Flooring type
Wood, Carpet
Building materials
Wood Frame, Vinyl Siding
Roof type
Metal
Architectural style
Victorian
Listing Agency:
United Country Lifestyle Properties of Maine
(207) 794-6164
Listed By:
Peter McPhail
(207) 794-4338
Added: Oct 8
Changed: Oct 9
Last Checked: Oct 9 at 2:06PM
MLS# 1683664
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 Victorian wood-frame property contains 3,000 square feet across three living units. The primary residence has three bedrooms, hardwood floors, tin ceilings, built-in bookshelves, two fireplaces, and a kitchen with a center island. Two additional apartments each offer one bedroom and one bathroom. A wraparound porch adds outdoor space, while an in-law apartment and first-floor bedroom are among the listed interior features. The property has a metal roof, public water and sewer, and a 0.19-acre lot.
The building stands across from Hayford Park and Mansfield Stadium, with area schools within walking distance. Its three-unit configuration combines a main residence with two distinct apartments.
The building stands across from Hayford Park and Mansfield Stadium, with area schools within walking distance. Its three-unit configuration combines a main residence with two distinct apartments.
Key Highlights
- Three living units: a primary residence plus two one‑bedroom apartments
- 3,000 square feet on a 0.19‑acre lot
- Built in 1900 in the Victorian style
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,493
Cap Rate
6.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,860
$549.9K
Cap Rate 7%
$392,757
$392.8K
Cap Rate 9%
$305,478
$305.5K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$41.4K $13.80/SF
− Vacancy
−$2.1K −$0.71/SF
EGI
$39.3K $13.09/SF
− OpEx
−$11.8K −$3.93/SF
NOI
$27.5K $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%
$549,860
Cap Rate 7%
$392,757
Cap Rate 9%
$305,478
Alternative Uses
Best Use
Multifamily LT 5
$392.8K
$343.7K – $458.2K
NOI $27,493 @ 7.0% cap · market cap 6.89%
Second Best
Apartment 5plus
$361.2K
$316.1K – $421.5K
NOI $25,287 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$968.9K
$847.8K – $1.13M
NOI $67,824 @ 7.0% cap · market cap 17.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
556
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?
Triplex - Three dwelling units include a substantial primary residence and two separate one-bedroom apartments.
Where is this triplex located?
The property is located at 423 Union Street Bangor, ME.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Three living units: a primary residence plus two one‑bedroom apartments; 3,000 square feet on a 0.19‑acre lot; Built in 1900 in the Victorian style
