Two-Unit Duplex with In-Unit
For Sale
$339,900
8-10 Linden Street, Bangor, ME 04401
Both residences include three bedrooms, hardwood flooring on the first level, attic storage, and separate natural gas furnaces.
Property Size2,640 SF
Price / SF$128.75
Days on Market200
Property Features for 8-10 Linden Street
General Information
Standard status
Active
Size
2,640 SF
Property subtype
Multi Family Home
Zoning
URD-1
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,433
Amenities
in-unit stackable washer and dryer
attic storage
off-street parking
refinished hardwood floors
vinyl replacement windows
separate natural gas furnaces
Building Details
Building Size
2,640 SF
Year Built
1900
Units
2
Listed By:
Dan Amero
(207) 762-8053
Source:
Amerorealty
Added: Apr 7
Changed: Oct 22
Last Checked: Oct 22 at 2:20PM
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 Dan Amero
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 duplex contains two residences of approximately 1,300 square feet each, with three bedrooms and one full bathroom per unit. Each layout includes a kitchen, dining room, and living room, along with a stackable washer and dryer. Attic storage, refinished first-level hardwood floors, and vinyl replacement windows are also provided in both units. Separate natural gas furnaces serve each residence, including one recently installed unit. The property was built in 1900 and is zoned URD-1.
The Bangor property is near an elementary school, a park, and a hospital, with Husson University, shopping, and downtown Bangor a short drive away. Off-street parking is available, and each unit has its own laundry setup.
The Bangor property is near an elementary school, a park, and a hospital, with Husson University, shopping, and downtown Bangor a short drive away. Off-street parking is available, and each unit has its own laundry setup.
Key Highlights
- Two units, each approximately 1,300 square feet, with 3 bedrooms and 1 full bath
- Stackable washer and dryer in each residence
- Separate natural gas furnaces; one is brand new
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,194
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,880
$483.9K
Cap Rate 7%
$345,629
$345.6K
Cap Rate 9%
$268,822
$268.8K
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$36.4K $13.80/SF
− Vacancy
−$1.9K −$0.71/SF
EGI
$34.6K $13.09/SF
− OpEx
−$10.4K −$3.93/SF
NOI
$24.2K $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%
$483,880
Cap Rate 7%
$345,629
Cap Rate 9%
$268,822
Alternative Uses
Best Use
Multifamily LT 5
$345.6K
$302.4K – $403.2K
NOI $24,194 @ 7.0% cap · market cap 7.12%
Second Best
Apartment 5plus
$317.9K
$278.2K – $370.9K
NOI $22,252 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$852.6K
$746.1K – $994.8K
NOI $59,685 @ 7.0% cap · market cap 17.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
659
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include three bedrooms, hardwood flooring on the first level, attic storage, and separate natural gas furnaces.
Where is this duplex located?
The property is located at 8-10 Linden Street Bangor, ME.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Two units, each approximately 1,300 square feet, with 3 bedrooms and 1 full bath; Stackable washer and dryer in each residence; Separate natural gas furnaces; one is brand new
