Mixed-Use Live-Work
77 Broadway Bangor, ME 04401
For Sale
$724,900
Five-unit brick building with a ground-floor office suite and multiple apartments, serviced by a natural gas boiler installed in 2012.
Property Size6,030 SF
Price / SF$120.22
Days on Market184
Property Features for 77 Broadway
General Information
- Standard status
- Active
- Size
- 6,030 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1834
Listing Agency:
Realty of Maine
(207) 991-4924
Listed By:
Kortnie Mullins
(207) 991-4924
Source:
Compass
Added: Jan 21
Changed: Jul 23
Last Checked: Jul 23 at 4:22AM
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 five-unit live-work style property is housed in an iconic 1834 brick double house and offers a combination of commercial and residential space. The first floor features a spacious commercial office suite with three large offices, including one office highlighted by an original fireplace. The second floor includes a two-bedroom apartment with hardwood floors, a formal dining room with original built-in cabinetry, and three fireplaces. The third floor provides two additional units, including a one-bedroom and an efficiency, both with classic hardwood floors, and the fourth floor includes a cozy one-bedroom apartment.
The property is serviced by a natural gas boiler installed in 2012 and is being sold with a second parcel of land on Pine Street located a short walking distance away. That additional parcel is described as providing approximately 0.11 acres of parking.
Situated on Bangor’s historic Broadway, the property is described as within walking distance to downtown Bangor, John Bapst, and nearby shops, dining, and amenities.
The property is serviced by a natural gas boiler installed in 2012 and is being sold with a second parcel of land on Pine Street located a short walking distance away. That additional parcel is described as providing approximately 0.11 acres of parking.
Situated on Bangor’s historic Broadway, the property is described as within walking distance to downtown Bangor, John Bapst, and nearby shops, dining, and amenities.
Key Highlights
- Five‑unit mixed‑use brick double house built in 1834 on Bangor’s historic Broadway
- Ground‑floor commercial office suite with 3 large offices and 1 fireplace
- Second‑floor 2‑bedroom apartment with hardwood floors, formal dining room with built‑in cabinetry, and 3 fireplaces
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 | $97.7k | $16.20 |
| − Vacancy | −$5.3k | −$0.87 |
| EGI | $92.4k | $15.33 |
| − OpEx | −$41.6k | −$6.90 |
| NOI | $50.8k | $8.43 |
6,030 SF · lease $16.20/SF/yr · vacancy 5.40% · expense 45.00%
Alternative Uses
Best Use
Office B
$1.22M
$1.07M – $1.42M
NOI $85,241 @ 7.0% cap · market cap 11.76%
Second Best
Apartment 5plus
$726.1K
$635.3K – $847.1K
NOI $50,826 @ 7.0% cap · market cap 7.01%
Theoretical Best
Office A
$1.95M
$1.70M – $2.27M
NOI $136,326 @ 7.0% cap · market cap 18.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Contours
Hair Salon
Richard Mazzei Pa
Physician
FAQs
What type of property is this?
Live-work space - Five-unit brick building with a ground-floor office suite and multiple apartments, serviced by a natural gas boiler installed in 2012.
Where is this live-work space located?
The property is located at 77 Broadway Bangor, ME.
What is the asking price?
The asking price for this property is $724,900.
What are key features of this property?
This property features: Five‑unit mixed‑use brick double house built in 1834 on Bangor’s historic Broadway; Ground‑floor commercial office suite with 3 large offices and 1 fireplace; Second‑floor 2‑bedroom apartment with hardwood floors, formal dining room with built‑in cabinetry, and 3 fireplaces
