2-Unit Duplex with
95 7th Street, Bangor, ME 04401
For Sale
$254,900
Separate entrances and distinct apartment layouts support independent use of each residence.
Property Size2,327 SF
Price / SF$109.54
Days on Market167
Property Features for 95 7th Street
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Public Transit
Utilities to Site
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
1st Floor Bedroom
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
ERA Dawson-Bradford Co.
(207) 947-6788
Listed By:
Adrian Nadeau
(207) 947-3363
Source:
Integrityhomesrealestategroup
Added: May 31
Changed: Nov 12
Last Checked: Nov 13 at 8:11PM
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 ERA Dawson-Bradford Co.
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 2,327-square-foot duplex in Bangor contains two vacant apartments, each with its own entrance. The first-floor unit has a glass-enclosed porch, kitchen, living room, two bedrooms, and a full bathroom. Upstairs, the three-bedroom apartment features an open plan, an eat-in kitchen, and access to a rear deck. A spiral staircase in one bedroom leads to a loft. A full basement provides additional storage, and the property was built in 1900.
Public water and sewer serve the property; natural gas is available at the street. The property is zoned 11 URD1 and is near the Cross Insurance Center, Bangor’s waterfront, parks, schools, shopping, restaurants, and public transportation.
Public water and sewer serve the property; natural gas is available at the street. The property is zoned 11 URD1 and is near the Cross Insurance Center, Bangor’s waterfront, parks, schools, shopping, restaurants, and public transportation.
Key Highlights
- Two vacant apartments with separate entrances
- 2,327 square feet; built in 1900
- First‑floor unit has two bedrooms and a glass‑enclosed porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,326
Cap Rate
8.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$426,520
$426.5K
Cap Rate 7%
$304,657
$304.7K
Cap Rate 9%
$236,956
$237.0K
Market Conditions
NOI Build-Up for 2,327 SF
Gross rent
$32.1K $13.80/SF
− Vacancy
−$1.6K −$0.71/SF
EGI
$30.5K $13.09/SF
− OpEx
−$9.1K −$3.93/SF
NOI
$21.3K $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%
$426,520
Cap Rate 7%
$304,657
Cap Rate 9%
$236,956
Alternative Uses
Best Use
Multifamily LT 5
$304.7K
$266.6K – $355.4K
NOI $21,326 @ 7.0% cap · market cap 8.37%
Second Best
Apartment 5plus
$280.2K
$245.2K – $326.9K
NOI $19,614 @ 7.0% cap · market cap 7.69%
Theoretical Best
Office A
$751.6K
$657.6K – $876.8K
NOI $52,609 @ 7.0% cap · market cap 20.64%
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
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
542
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
$229,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Penobscot County, ME
Properties on Market for Duplexes in Penobscot County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances and distinct apartment layouts support independent use of each residence.
Where is this duplex located?
The property is located at 95 7th Street Bangor, ME.
What is the asking price?
The asking price for this property is $254,900.
What are key features of this property?
This property features: Two vacant apartments with separate entrances; 2,327 square feet; built in 1900; First‑floor unit has two bedrooms and a glass‑enclosed porch
