Supported Living Apartment
913 Essex Street Bangor, ME 04401
913 Essex Street, Bangor, ME, 04401
$829,900
For Sale
$829,900
Configured for group-home or supported living with 8+ bedrooms, multiple gathering areas, and off-street parking.
Property Size3,788 SF
Lot Size1.00 Acre
Price / SF$219.09
Days on Market60
Property Features for 913 Essex Street
General Information
- Standard status
- Active
- Size
- 3,788 SF
- Lot size
- 1.00 Acre
- Property subtype
- Multi-family
Building Details
- Year Built
- 1967
Listing agency
EXP Realty
Listed by
Tara Roy
(603) 866-2942
Source
Profoundrealestate
Added: May 23 Updated: Jul 21 at 12:57PM Checked: Jul 21 at 12:57PM
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 EXP Realty
Investment Insights
Based on property information with market context.
This apartment building is currently configured for group-home or supported living use, offering 8+ bedrooms, three large gathering spaces, multiple private offices for staff, and a total of three full bathrooms and seven half baths. The property also includes a private fenced backyard designed for secure outdoor space. An established long-term tenant is in place.
Set on 1 acre in Bangor, the building provides ample off-street parking for day-to-day operations and is described as centrally located with easy access to shopping, services, medical facilities, and major transportation routes.
Recent improvements include a renovated kitchen completed in 2025 and a new boiler installed in 2024.
Set on 1 acre in Bangor, the building provides ample off-street parking for day-to-day operations and is described as centrally located with easy access to shopping, services, medical facilities, and major transportation routes.
Recent improvements include a renovated kitchen completed in 2025 and a new boiler installed in 2024.
Key Highlights
- 1‑acre property in Bangor built in 1967, configured for group‑home or supported living use
- 8+ bedrooms with 3 gathering spaces, plus multiple private offices for staff and 3 full bathrooms and 7 half baths
- Established long‑term tenant in place for ongoing income
Local 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 | $61.4k | $16.20 |
| − Vacancy | −$3.3k | −$0.87 |
| EGI | $58.1k | $15.33 |
| − OpEx | −$26.1k | −$6.90 |
| NOI | $31.9k | $8.43 |
3,788 SF · lease $16.20/SF/yr · vacancy 5.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$456.1K
$399.1K – $532.2K
NOI $31,929 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,639 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Configured for group-home or supported living with 8+ bedrooms, multiple gathering areas, and off-street parking.
Where is this apartment building located?
The property is located at 913 Essex Street Bangor, ME.
What is the asking price?
The asking price for this property is $829,900.
What are key features of this property?
This property features: 1‑acre property in Bangor built in 1967, configured for group‑home or supported living use; 8+ bedrooms with 3 gathering spaces, plus multiple private offices for staff and 3 full bathrooms and 7 half baths; Established long‑term tenant in place for ongoing income
