3-Unit Triplex with
77 Center Street, Bangor, ME 04401
For Sale
New
$289,000
Multi-Family, Bangor, ME
Property Size2,070 SF
Lot Size0.16 Acres
Price / SF$139.61
Days on Market1
Property Features for 77 Center Street
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Basement
Lot features
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
Berkshire Hathaway HomeServices Northeast Real Estate · Prudential Real Estate
(207) 942-8261
Listed By:
Marc Rich
(207) 852-8595
Added: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 1687649
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.
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Investment Insights
Based on property information with market context.
This 2,070-square-foot Colonial contains three residential units and dates to 1914. The property occupies a 0.16-acre parcel and includes a two-car garage, porch, and fireplace. Interior flooring includes carpet, wood, vinyl, linoleum, and tile. Heating is oil-fired hot water, with public water and public sewer service.
At 77 Center Street in Bangor, the property is within walking distance of downtown restaurants, shops, parks, and other amenities. Zoning is RES.
At 77 Center Street in Bangor, the property is within walking distance of downtown restaurants, shops, parks, and other amenities. Zoning is RES.
Key Highlights
- Three residential units in a 2,070‑square‑foot Colonial built in 1914
- 0.16‑acre parcel at 77 Center Street, Bangor
- Two‑car garage offers off‑street parking and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,970
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,400
$379.4K
Cap Rate 7%
$271,000
$271.0K
Cap Rate 9%
$210,778
$210.8K
Market Conditions
NOI Build-Up for 2,070 SF
Gross rent
$28.6K $13.80/SF
− Vacancy
−$1.5K −$0.71/SF
EGI
$27.1K $13.09/SF
− OpEx
−$8.1K −$3.93/SF
NOI
$19.0K $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%
$379,400
Cap Rate 7%
$271,000
Cap Rate 9%
$210,778
Alternative Uses
Best Use
Multifamily LT 5
$271.0K
$237.1K – $316.2K
NOI $18,970 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$249.3K
$218.1K – $290.8K
NOI $17,448 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$668.6K
$585.0K – $780.0K
NOI $46,799 @ 7.0% cap · market cap 16.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,122
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - A two-car garage provides off-street parking and additional storage for this Bangor residential property.
Where is this triplex located?
The property is located at 77 Center Street Bangor, ME.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Three residential units in a 2,070‑square‑foot Colonial built in 1914; 0.16‑acre parcel at 77 Center Street, Bangor; Two‑car garage offers off‑street parking and storage
