Duplex with Two-Story
New
For Sale
$325,000
43 & 45 Mount Hope Avenue, Bangor, ME 04401
Multi-Family, Bangor, ME
Property Size2,743 SF
Lot Size0.21 Acres
Price / SF$118.48
Days on Market2
Property Features for 43 & 45 Mount Hope Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Urban Res Dist 1
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 1, Bathroom 2
Patio and Porch features
Porch
Interior features
Walk-in Closets, Bathtub, Shower, Storage
Basement
Unfinished
Lot features
Well Landscaped, Open, Corner Lot, Level, Sidewalks, Intown, Near Shopping, Neighborhood
Standard status
Active
Size
2,743 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4841
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Baseboard, Hot Water(Heating)
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Carpet, Wood, Laminate
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Colonial
Additional Structures
Storage
Listing Agency:
EXP Realty
(888) 439-8743
Listed By:
John Goulet
(207) 949-5776
Added: Oct 5
Last Checked: Oct 6 at 10:06AM
MLS# 1683183
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.
This 2,743-square-foot duplex was built in 1900 and contains two residential units. The property includes a detached, two-story garage, a porch, and a 0.21-acre corner lot. Both units are furnished; the second-floor residence is leased, while the first-floor unit is vacant. Interior features include walk-in closets, storage, and a mix of wood, laminate, vinyl, and carpet flooring.
Located at 43 & 45 Mount Hope Avenue in Bangor, the property has public water and sewer service and is zoned Urban Res Dist 1.
Located at 43 & 45 Mount Hope Avenue in Bangor, the property has public water and sewer service and is zoned Urban Res Dist 1.
Key Highlights
- Two‑unit duplex totaling 2,743 square feet
- 0.21‑acre corner lot with a detached two‑story garage
- Built in 1900; both units are furnished
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,138
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,760
$502.8K
Cap Rate 7%
$359,114
$359.1K
Cap Rate 9%
$279,311
$279.3K
Market Conditions
NOI Build-Up for 2,743 SF
Gross rent
$37.9K $13.80/SF
− Vacancy
−$1.9K −$0.71/SF
EGI
$35.9K $13.09/SF
− OpEx
−$10.8K −$3.93/SF
NOI
$25.1K $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%
$502,760
Cap Rate 7%
$359,114
Cap Rate 9%
$279,311
Alternative Uses
Best Use
Multifamily LT 5
$359.1K
$314.2K – $419.0K
NOI $25,138 @ 7.0% cap · market cap 7.73%
Second Best
Apartment 5plus
$330.3K
$289.0K – $385.3K
NOI $23,120 @ 7.0% cap · market cap 7.11%
Theoretical Best
Office A
$885.9K
$775.2K – $1.03M
NOI $62,014 @ 7.0% cap · market cap 19.08%
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
1,505
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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Cap Rate, Value Estimation, Potential NOI and more
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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 - The upper residence has a tenant in place, while the lower unit is vacant and furnished.
Where is this duplex located?
The property is located at 43 & 45 Mount Hope Avenue Bangor, ME.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,743 square feet; 0.21‑acre corner lot with a detached two‑story garage; Built in 1900; both units are furnished
