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913 Essex St - Group Home in Maine 3,748 SF Specialty Building Offered at $819,900 in Bangor, ME 04401
Investment Highlights
- Long term lease in place with annual rent increases
- 8 bedrooms & 10 bathrooms
- Fire Suppression/ Sprinkler System
Executive Summary
This expansive income-producing property presents a unique opportunity for investors and future end-user occupancy. Situated on 1 acre in BANGOR, the home is currently configured for group-home or supported living use, offering 8+ bedrooms, three large gathering spaces, multiple private offices for staff, 3 full bathrooms, and 7 half baths--a layout well suited for high-occupancy residential needs. An established long-term tenant is in place, providing predictable income. At the same time, the property presents a compelling option for organizations planning ahead for future expansion or relocation. Outside, ample off-street parking supports daily operations, while a private fenced backyard provides secure outdoor space--an important amenity for group living environments. The central location offers convenient access to Bangor's shopping, services, medical facilities, and major transportation routes. Recent major improvements include a renovated kitchen completed in 2025 and a new boiler installed in 2024. In addition, the building is equipped with a full sprinkler system--a significant asset given today's high installation costs and required safety standards. Properties of this scale and configuration are rarely available in the greater Bangor market. Whether you're seeking an income-producing asset or positioning for future owner occupancy, this is an offering worth consideration. Additional details available to qualified purchasers.
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$88,320
|
$23.56
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$88,320
|
$23.56
|
| Taxes |
$7,997
|
$2.13
|
| Operating Expenses |
$3,974
|
$1.06
|
| Total Expenses |
$11,971
|
$3.19
|
| Net Operating Income |
$76,349
|
$20.37
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $88,320 |
| Annual Per SF | $23.56 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $88,320 |
| Annual Per SF | $23.56 |
| Taxes | |
|---|---|
| Annual | $7,997 |
| Annual Per SF | $2.13 |
| Operating Expenses | |
|---|---|
| Annual | $3,974 |
| Annual Per SF | $1.06 |
| Total Expenses | |
|---|---|
| Annual | $11,971 |
| Annual Per SF | $3.19 |
| Net Operating Income | |
|---|---|
| Annual | $76,349 |
| Annual Per SF | $20.37 |
Property Facts
| Price | $819,900 | Lot Size | 1.05 AC |
| Price Per SF | $218.76 | Building Size | 3,748 SF |
| Sale Type | Investment | No. Stories | 2 |
| Sale Condition | Short Sale | Year Built/Renovated | 1967/1994 |
| Property Type | Specialty |
| Price | $819,900 |
| Price Per SF | $218.76 |
| Sale Type | Investment |
| Sale Condition | Short Sale |
| Property Type | Specialty |
| Lot Size | 1.05 AC |
| Building Size | 3,748 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1967/1994 |
Amenities
- Wheelchair Accessible
- Smoke Detector
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | BANG-000047R-000000-000008-A000000 | Total Assessment | $451,800 (2025) |
| Land Assessment | $57,900 (2025) | Annual Taxes | $7,997 ($2.13/SF) |
| Improvements Assessment | $393,900 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
BANG-000047R-000000-000008-A000000
Land Assessment
$57,900 (2025)
Improvements Assessment
$393,900 (2025)
Total Assessment
$451,800 (2025)
Annual Taxes
$7,997 ($2.13/SF)
Tax Year
2026
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913 Essex St - Group Home in Maine