6-Unit Apartment
New
For Sale
$550,000
63 Jefferson Street, Bangor, ME 04401
Multi-Family, Bangor, ME
Property Size3,504 SF
Lot Size0.22 Acres
Price / SF$156.96
Days on Market1
Property Features for 63 Jefferson Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
URD 2
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 4, Bathroom 3, Basement, Bathroom 1, Bathroom 5, Bathroom 6, Bathroom 2
Parking features
Off Street
Interior features
1st Floor Bedroom, Shower
Basement
Daylight, Full, Finished, Walk-Out Access
Lot features
Rolling/ Sloping, Intown, Near Shopping, Near Turnpike/ Interstate, Neighborhood
Standard status
Active
Size
3,504 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4116
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Natural Gas
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
6
Flooring type
Vinyl, Laminate, Linoleum, Carpet
Building materials
Wood Frame, Vinyl Siding
Roof type
Metal, Shingle
Architectural style
Colonial
Listing Agency:
Realty of Maine
(207) 942-6310
Listed By:
Carissa Marsh
(207) 974-6606
Added: Sep 16
Last Checked: Sep 16 at 5:06AM
MLS# 1679874
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 six-unit apartment property occupies a 0.22-acre parcel and contains 3,504 square feet within a 1900 Colonial-style wood-frame building. The improvements feature vinyl siding, a metal and shingle roof, baseboard heating supplied by natural gas, and a mix of vinyl, laminate, linoleum, and carpet flooring. Interior features include first-floor bedrooms, six bathrooms, and a basement.
The property is located at 63 Jefferson Street in Bangor, Maine, with public water and public sewer service. Off-street parking is available, and the property is designated URD 2. The offering is described with an approximate 10% cap rate, providing a stated operating metric for evaluation.
The property is located at 63 Jefferson Street in Bangor, Maine, with public water and public sewer service. Off-street parking is available, and the property is designated URD 2. The offering is described with an approximate 10% cap rate, providing a stated operating metric for evaluation.
Key Highlights
- Six‑unit apartment property on a 0.22‑acre parcel
- 3,504 square feet in a 1900 Colonial‑style wood‑frame building
- Approximate 10% cap rate stated
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,535
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Colonial multifamily property with public utilities, off-street parking, and a natural gas heating system.
Where is this apartment building located?
The property is located at 63 Jefferson Street 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 property on a 0.22‑acre parcel; 3,504 square feet in a 1900 Colonial‑style wood‑frame building; Approximate 10% cap rate stated
