Renovated
76 Smith Street, Bangor, ME 04401
For Sale
$399,999
URD2-zoned property offers three residential units in downtown Bangor.
Property Size2,168 SF
Price / SF$184.50
Days on Market122
Property Features for 76 Smith Street
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
True North Realty, Inc.
(207) 403-9125
Listed By:
James Spear · License ME BA925976
(207) 370-0559
Source:
Integrityhomesrealestategroup
Added: Jul 13
Changed: Nov 11
Last Checked: Nov 11 at 2:12AM
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 True North Realty, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-unit residential property contains 2,168 square feet and was built in 1900. The building has been renovated, and its URD2 zoning is part of the property’s recorded details.
Located at 76 Smith Street in downtown Bangor, the property combines a three-unit layout with a central city address.
Located at 76 Smith Street in downtown Bangor, the property combines a three-unit layout with a central city address.
Key Highlights
- Three residential units
- 2,168 square feet of building area
- URD2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,869
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,380
$397.4K
Cap Rate 7%
$283,843
$283.8K
Cap Rate 9%
$220,767
$220.8K
Market Conditions
NOI Build-Up for 2,168 SF
Gross rent
$29.9K $13.80/SF
− Vacancy
−$1.5K −$0.71/SF
EGI
$28.4K $13.09/SF
− OpEx
−$8.5K −$3.93/SF
NOI
$19.9K $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%
$397,380
Cap Rate 7%
$283,843
Cap Rate 9%
$220,767
Alternative Uses
Best Use
Multifamily LT 5
$283.8K
$248.4K – $331.2K
NOI $19,869 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$261.1K
$228.4K – $304.6K
NOI $18,274 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$700.2K
$612.7K – $816.9K
NOI $49,014 @ 7.0% cap · market cap 12.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,295
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - URD2-zoned property offers three residential units in downtown Bangor.
Where is this triplex located?
The property is located at 76 Smith Street Bangor, ME.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Three residential units; 2,168 square feet of building area; URD2 zoning
