Renovated Two-Unit
For Sale
$275,000
Pending
93 Parkview Avenue, Bangor, ME 04401
Bangor, ME
Property Size2,100 SF
Days on Market55
Property Features for 93 Parkview Avenue
General Information
Property type
Residential Multi Family
Property subtype
Single Family Attached
Bathrooms
2
Full bathrooms
2
Standard status
Pending
Size
2,100 SF
Amenities
dedicated interior storage areas
washer/dryer
Building Details
Year built
1900
Listing Agency:
Bangor, Maine · Better Homes and Gardens Real Estate
Listed By:
Venise Bard
(207) 942-6711
Added: Sep 11
Changed: Sep 20
Last Checked: Nov 4 at 1:06AM
MLS# 1680198
Copyright © 2026 Better Homes and Gardens-The Masiello Group. 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 2,100-square-foot duplex contains two renovated residences, each with two bedrooms, a full bathroom, and dedicated interior storage. The first-floor layout includes an eat-in kitchen, a spacious living room, and a full-size washer and dryer in the bathroom. Upstairs, distinctive roofline angles and treetop views create a character-filled setting, with a separate washer and dryer located in the basement.
Built in 1900, the property sits across from Chapin Park and provides access to local hospitals, schools, shopping, and Downtown Bangor. Its two-unit configuration supports both rental use and owner occupancy with additional rental income potential, as stated in the property information.
Built in 1900, the property sits across from Chapin Park and provides access to local hospitals, schools, shopping, and Downtown Bangor. Its two-unit configuration supports both rental use and owner occupancy with additional rental income potential, as stated in the property information.
Key Highlights
- Two‑unit duplex with 2,100 square feet
- Both residences include 2 bedrooms, a full bathroom, and dedicated interior storage
- Both units have been renovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,245
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,900
$384.9K
Cap Rate 7%
$274,929
$274.9K
Cap Rate 9%
$213,833
$213.8K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$29.0K $13.80/SF
− Vacancy
−$1.5K −$0.71/SF
EGI
$27.5K $13.09/SF
− OpEx
−$8.2K −$3.93/SF
NOI
$19.2K $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%
$384,900
Cap Rate 7%
$274,929
Cap Rate 9%
$213,833
Alternative Uses
Best Use
Multifamily LT 5
$274.9K
$240.6K – $320.8K
NOI $19,245 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$252.9K
$221.3K – $295.0K
NOI $17,701 @ 7.0% cap · market cap 6.44%
Theoretical Best
Office A
$678.2K
$593.5K – $791.3K
NOI $47,477 @ 7.0% cap · market cap 17.26%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,911
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?
Duplex - Two updated residences feature private laundry, interior storage, and direct access to park-side surroundings in Bangor.
Where is this duplex located?
The property is located at 93 Parkview Avenue Bangor, ME.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,100 square feet; Both residences include 2 bedrooms, a full bathroom, and dedicated interior storage; Both units have been renovated
