Four-Unit Residential Income
64 Division Street Bangor, ME 04401
New
For Sale
$399,000
MULTI_FAMILY - Other - Bangor, ME
Property Size2,151 SF
Lot Size0.15 Acres
Price / SF$185.50
Days on Market6
Property Features for 64 Division Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
URD-2
Bathrooms
4
Rooms
Bathroom 2, Bathroom 1, Bathroom 3, Basement, Bathroom 4
Basement
Unfinished, Full
Standard status
Active
Size
2,151 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4589
Utilities
Sewer type
Public Sewer
Heating system
Other (Heating), Steam, Natural Gas
Water source
Public
Building Details
Year built
1880
Floors in Building
2
Number of units
4
Flooring type
Linoleum, Carpet
Building materials
Wood Frame, Wood Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Better Homes & Gardens Real Estate/The Masiello Group
(207) 942-6711
Listed By:
Sally Bilancia
(207) 745-9173
Added: Jul 24
Changed: Jul 28
Last Checked: Jul 29 at 1:06AM
MLS# 1668234
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 four-unit residential income property is described as well-maintained and provides rental space across four separate units. Unit 1 features two bedrooms, a living room, sunporch, full bath, and a spacious kitchen, with in-unit washer and dryer included. Units 2, 3, and 4 each include one bedroom, a living room, a small kitchen, and one full bath. The property also has a detached two-car garage for additional storage or potential income opportunities.
The address is 64 Division Street in Bangor, Maine, in Penobscot County. The site is identified as 0.15 acres and is listed under zoning URD-2.
Additionally, the property includes owned solar panels (not leased), which are described as helping offset electricity costs by powering the basement and the owner's personal home.
The address is 64 Division Street in Bangor, Maine, in Penobscot County. The site is identified as 0.15 acres and is listed under zoning URD-2.
Additionally, the property includes owned solar panels (not leased), which are described as helping offset electricity costs by powering the basement and the owner's personal home.
Key Highlights
- Four‑unit property with Owned solar panels (not leased) helping offset electricity costs by powering the basement and the owner’s personal home
- Unit mix: 1 unit with 2 bedrooms plus sunporch and in‑unit washer/dryer; 3 units each with 1 bedroom, living room, small kitchen, and 1 full bath
- Detached two‑car garage provides additional storage or potential rental income
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.7k | $13.80 |
| − Vacancy | −$1.5k | −$0.71 |
| EGI | $28.2k | $13.09 |
| − OpEx | −$8.4k | −$3.93 |
| NOI | $19.7k | $9.16 |
2,151 SF · lease $13.80/SF/yr · vacancy 5.13% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$281.6K
$246.4K – $328.6K
NOI $19,713 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$259.0K
$226.6K – $302.2K
NOI $18,130 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$694.7K
$607.9K – $810.5K
NOI $48,630 @ 7.0% cap · market cap 12.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit multifamily property includes in-unit laundry, multiple bedroom layouts, and a detached two-car garage.
Where is this quadplex located?
The property is located at 64 Division 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: Four‑unit property with Owned solar panels (not leased) helping offset electricity costs by powering the basement and the owner’s personal home; Unit mix: 1 unit with 2 bedrooms plus sunporch and in‑unit washer/dryer; 3 units each with 1 bedroom, living room, small kitchen, and 1 full bath; Detached two‑car garage provides additional storage or potential rental income
