Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Expansive Income-Producing Property in Bangor Title is generated by Realmo AI

    913 Essex Street, Bangor, ME 04401

    View on Map
    Claim this Listing
    For Sale
    $829,900

    MULTI_FAMILY - Other - Bangor, ME

    Property size:
    3,788 SF
    Lot size:
    1.05 Acres
    Price / SF:
    $219/SF
    Added:
    Mar 17, 2026
    Days on Market:
    60
    Last Refresh:
    May 15 at 5:06 pm

    Property Features for 913 Essex Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    LDR + RR&A
    Bathrooms
    10
    Rooms
    Bathroom 6, Bathroom 4, Basement, Bathroom 9, Bathroom 10, Bathroom 7, Bathroom 2, Bathroom 5, Bathroom 1, Bathroom 3, Bathroom 8
    Interior features
    1st Floor Bedroom, Bathtub, One-Floor Living, Pantry, Shower, Storage
    Fencing
    Fenced
    Basement
    Sump Pump, Full
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    Size
    3,788 SF
    Lot size
    1.05 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    8045

    Utilities

    Sewer type
    Private Sewer, Septic Tank
    Heating system
    Oil, Hot Water(Heating), Zoned, Baseboard
    Water source
    Public

    Building Details

    Year built
    1967
    Number of units
    1
    Flooring type
    Vinyl, Linoleum, Wood, Laminate
    Building materials
    Wood Frame, Vinyl Siding
    Roof type
    Shingle
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Tara Roy

    Listing agent Tara Roy

    Listing office EXP Realty 41 Hutchins Drive Building 3, Rangeley, ME

    Listing date Mar 17, 2026

    MLS# 1646903 Listing URL

    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.

    HighLights

    • Income‑producing property with established long‑term tenant, providing predictable income.
    • Large scale property with 8+ bedrooms, 3 full and 7 half bathrooms, and multiple gathering spaces, suited for high‑occupancy residential needs.
    • Ideal for group home or supported living use, with private offices and a secure, fenced backyard.
    • Central Bangor location with easy access to shopping, services, medical facilities, and transportation routes.
    • Recent major improvements: renovated kitchen (2025) and new boiler (2024).
    • Ample off‑street parking available.

    Overview

    This expansive income-producing property, situated on 1 acre in Bangor, presents an opportunity for investors or future end-user occupancy. The home is configured for group-home or supported living use, featuring 8+ bedrooms, 3 large gathering spaces, multiple private offices for staff, 3 full bathrooms, and 7 half baths, making it suited for high-occupancy residential needs. A long-term tenant is in place, providing predictable income. This property could be an ideal solution for organizations planning ahead for expansion or relocation. Ample off-street parking supports daily operations, while the private fenced backyard offers secure outdoor space. Its central location provides easy access to Bangor's shopping, services, medical facilities, and major transportation routes. Recent improvements include a renovated kitchen completed in 2025 and a new boiler installed in 2024. The property is 3788 square feet and is zoned LDR + RR&A. Homes of this scale and configuration are rarely available in the greater Bangor market. This property is located in Penobscot County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Assisted living facilities

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Park East Retirement Villa — 321 Stillwater Ave, Bangor, ME 04401
    • Pleasant Park Manor — 300 Stillwater Ave, Bangor, ME 04401
    • Bangor Long Tern Care — 711 Broadway, Bangor, ME 04401
    • Home Health & Hospice — 900 broadway # 2, bangor, me 04401

    Location Insight

    • Map
    • Local Demand
    City
    Bangor
    County
    Penobscot
    State
    Maine
    Longitude
    -68.770262
    Latitude
    44.832081

    Nearby Similar for Sale

    • $850,000
      6,170 SF

      Passive Solar Office/Medical Building

      Unique office/medical building with passive solar design and versatile floorplan.
      1570 Broadway, Bangor, ME 04401
      View Details
    • $1,199,000
      9,075 SF

      Prime Downtown Bangor Office Building

      Professional office building in Bangor's Downtown Development District.
      9 May Street, Bangor, ME 04401
      View Details
    • $189,000
      3,444 SF

      Downtown Bangor Commercial Condo

      Historic building with modern amenities in downtown Bangor, Maine.
      74 Hammond Street, Bangor, ME 04401
      View Details
    • $595,000
      5,568 SF

      High-Visibility Commercial Building in Bangor

      Versatile commercial building with high visibility and functional space.
      1567 Hammond Street, Bangor, ME 04401
      View Details
    • $339,900
      2,640 SF

      Well-Maintained Two-Unit Property

      Two-unit property in a sought-after neighborhood with strong income potential.
      8-10 Linden Street, Bangor, ME 04401
      View Details
    • $975,000
      7,422 SF

      Historic Mixed-Use Building in Bangor

      Restored commercial/residential building with Airbnb income and parking.
      133-135 Broadway, Bangor, ME 04401
      View Details
    • $649,900
      6,030 SF

      Historic Mixed-Use Investment Opportunity

      Five-unit property with commercial space and residential apartments in Bangor.
      77 Broadway, Bangor, ME 04401
      View Details
    • $649,900
      6,030 SF

      Historic Mixed-Use Investment Opportunity

      Five-unit property with commercial space and residential apartments in Bangor.
      77 Broadway, Bangor, ME 04401
      View Details
    • $1,600,000
      2,600 SF

      Bangor Multifamily Investment Opportunity

      16-unit apartment building near downtown Bangor.
      74-76 Court Street, Bangor, ME 04401
      View Details
    • $214,000
      2,014 SF

      Downtown Bangor Commercial Condo

      2,014 SF office condo in downtown Bangor.
      115 Franklin Street, Bangor, ME 04401
      View Details
    • $1,289,900
      12,418 SF

      Bangor Multifamily Investment Opportunity

      Eight-unit multifamily property in Bangor's historic heart with modern upgrades.
      72-74 Third Street, Bangor, ME 04401
      View Details
    • $1,289,900
      12,418 SF

      Bangor Multifamily Investment Opportunity

      Eight-unit multifamily property in historic Bangor with modern upgrades.
      72-74 Third Street, Bangor, ME 04401
      View Details

    FAQs

    What type of property is this?
    Assisted living facility - Income-producing property with group-home configuration on 1 acre in Bangor.
    Where is this assisted living facility 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: Income‑producing property with established long‑term tenant, providing predictable income.; Large scale property with **8+ bedrooms**, **3 full and 7 half bathrooms**, and multiple gathering spaces, suited for high‑occupancy residential needs.; Ideal for group home or supported living use, with private offices and a secure, fenced backyard.
    (207) 991-8272
    We can help!
    Listing Contact
    Tara Roy
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    913 Essex Street, Bangor, ME 04401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!