8-Unit Multifamily
72 3rd St Bangor, ME 04401
For Sale
Contact for pricing
Well-maintained 8-unit multifamily building offered for sale.
Property Size12,418 SF
Price / SF$103.87
Days on Market121
Property Features for 72 3rd St
General Information
- Standard status
- Active
- Size
- 12,418 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1880
Listing Agency:
Realty of Maine Bangor
(207) 991-4926
Listed By:
Renee Hudgens · License #BR918538
Source:
Crexi
Added: Mar 25
Changed: Jul 22
Last Checked: Jul 23 at 9:18AM
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 Bangor
Investment Insights
Based on property information with market context.
This is an 8-unit multifamily property available for sale. The offering is structured around residential rental income, with eight separate units within the building.
The property is located at 72 3rd St in Bangor, Maine (04401). It is presented as a residential income asset with a current list price of $1,289,900.
With a total property size of 12,418 square feet, the building provides eight units for prospective owners looking for multifamily ownership in Bangor.
The property is located at 72 3rd St in Bangor, Maine (04401). It is presented as a residential income asset with a current list price of $1,289,900.
With a total property size of 12,418 square feet, the building provides eight units for prospective owners looking for multifamily ownership in Bangor.
Key Highlights
- 8‑unit multifamily building
- Year built: 1880
- Public remarks indicate $161,238 per unit
Financial Insights For Apartment 5plus
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 | $201.2k | $16.20 |
| − Vacancy | −$10.9k | −$0.87 |
| EGI | $190.3k | $15.33 |
| − OpEx | −$85.6k | −$6.90 |
| NOI | $104.7k | $8.43 |
12,418 SF · lease $16.20/SF/yr · vacancy 5.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.50M
$1.31M – $1.74M
NOI $104,670 @ 7.0% cap · market cap 8.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.01M
$3.51M – $4.68M
NOI $280,746 @ 7.0% cap · market cap 21.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Well-maintained 8-unit multifamily building offered for sale.
Where is this apartment building located?
The property is located at 72 3rd St Bangor, ME.
What is the asking price?
The asking price for this property is $1,289,900.
What are key features of this property?
This property features: 8‑unit multifamily building; Year built: 1880; Public remarks indicate $161,238 per unit
