Multi-Family Income
913 Essex Street Bangor, ME 04401
913 Essex Street, Bangor, ME, 04401
$829,900
For Sale
$829,900
MULTI_FAMILY - Other - Bangor, ME
Property Size3,788 SF
Lot Size1.05 Acres
Price / SF$219.09
Days on Market47
Property Features for 913 Essex Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- LDR + RR&A
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Basement, Bathroom 3
- Patio and Porch features
- Porch
- Interior features
- 1st Floor Bedroom, Bathtub, One-Floor Living, Pantry, Shower, Storage
- Fencing
- Fenced
- Basement
- Full, Sump Pump
- 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
- Baseboard, Oil, Hot Water(Heating), Zoned
- Water source
- Public
Building Details
- Year built
- 1967
- Number of units
- 1
- Flooring type
- Linoleum, Vinyl, Wood, Laminate
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Other
- Additional Structures
- Storage
Listing agency
EXP Realty
(888) 439-8743
Listed by
Tara Roy
(207) 991-8272
Added: Jun 5 Updated: Jul 13 at 10:31PM Checked: Jul 21 at 4:06PM
MLS# 1646903
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.
Investment Insights
Based on property information with market context.
This income-producing multi-family property is situated on 1.05 acres and currently configured for group-home or supported living use. The layout includes 8+ bedrooms, 3 large gathering spaces, multiple private offices for staff, and 3 full bathrooms plus 7 half baths, supporting higher-occupancy residential needs.
The home is supported by practical onsite amenities, including ample off-street parking and a private fenced backyard. It is located in central Bangor 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. An established long-term tenant is currently in place, and additional details are available to qualified purchasers.
The home is supported by practical onsite amenities, including ample off-street parking and a private fenced backyard. It is located in central Bangor 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. An established long-term tenant is currently in place, and additional details are available to qualified purchasers.
Key Highlights
- Situated on 1 acre in Bangor with established long‑term tenant in place
- Configured for group‑home/supported living use with 8+ bedrooms, multiple private offices, and 3 gathering spaces
- 3 full bathrooms plus 7 half‑baths layout designed for high‑occupancy residential needs
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
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Single-acre property configured for group-home or supported living use with multiple gathering spaces and ample off-street parking.
Where is this single family property 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: Situated on 1 acre in Bangor with established long‑term tenant in place; Configured for group‑home/supported living use with 8+ bedrooms, multiple private offices, and 3 gathering spaces; 3 full bathrooms plus 7 half‑baths layout designed for high‑occupancy residential needs
