Six-Unit Apartment
For Sale
$550,000
Pending
63 Jefferson St, Bangor, ME 04401
Multifamily property with updated exterior components and natural gas heating on a double lot.
Property Size3,504 SF
Days on Market32
Property Features for 63 Jefferson St
General Information
Standard status
Pending
Size
3,504 SF
Property subtype
Residential Income
Additional Details
Cap Rate
10%
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$4,116
Listing Agency:
Realty of Maine
(207) 942-6310
Listed By:
Carissa Marsh
(207) 974-6606
Source:
Exprealty
Added: Sep 9
Changed: Oct 7
Last Checked: Oct 9 at 10:21PM
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 Realty of Maine
Investment Insights
Based on property information with market context.
This six-unit apartment building at 63 Jefferson St in Bangor, ME contains 3,504 square feet and sits on a double lot. Building improvements include vinyl siding, a natural gas furnace, and a metal roof identified as new in 2026.
The property is positioned as a multifamily income asset with an approximately 10% cap rate. Its six-unit configuration and established building systems provide a straightforward apartment-building format for continued residential operations.
The property is positioned as a multifamily income asset with an approximately 10% cap rate. Its six-unit configuration and established building systems provide a straightforward apartment-building format for continued residential operations.
Key Highlights
- Six‑unit apartment building at 63 Jefferson St, Bangor, ME
- 3,504 square feet of building area
- Situated on a double lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,535
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$590,700
$590.7K
Cap Rate 7%
$421,929
$421.9K
Cap Rate 9%
$328,167
$328.2K
Market Conditions
NOI Build-Up for 3,504 SF
Gross rent
$56.8K $16.20/SF
− Vacancy
−$3.1K −$0.87/SF
EGI
$53.7K $15.33/SF
− OpEx
−$24.2K −$6.90/SF
NOI
$29.5K $8.43/SF
Area
Penobscot County, ME
Vacancy
5.40%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$590,700
Cap Rate 7%
$421,929
Cap Rate 9%
$328,167
Alternative Uses
Best Use
Apartment 5plus
$421.9K
$369.2K – $492.3K
NOI $29,535 @ 7.0% cap · market cap 5.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$990.2K – $1.32M
NOI $79,218 @ 7.0% cap · market cap 14.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,562
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
Check the figures for this property
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?
Apartment building - Multifamily property with updated exterior components and natural gas heating on a double lot.
Where is this apartment building located?
The property is located at 63 Jefferson St Bangor, ME.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Six‑unit apartment building at 63 Jefferson St, Bangor, ME; 3,504 square feet of building area; Situated on a double lot
