USAMEBangor71 1St St
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New
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$324,900

For Sale

2 days ago

71 1St St, Bangor, ME

House

MLS® 1668153

0 Bed

5 Bath

2776 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 2776 sqft
Garage 
Taxes $3,111
Days Active 2
Lot Size 0.11 Acres
Approx. Age 1900
Avg. Price Per Sqft $117
MLS® Number 1668153

Property Address: 71 1st St, Bangor, ME, 04401-6597

Average square foot calculated using Size range provided by listing agent.

Description

**71 First St, Bangor, ME** Solid 5 unit investment property with the big ticket items already taken care of. The current owner has made major capital improvements, including a new roof, new siding, new windows, and an updated natural gas furnace. These are some of the most expensive items investors typically face with older multifamily properties, giving the next owner a strong foundation from day one. The building offers a desirable unit mix with two 2 bedroom apartments and three 1 bedroom apartments. All units are currently on month to month leases, creating flexibility for a new owner to improve operations, adjust rents, and increase overall income potential. While the exterior and major systems have already been addressed, the interiors still offer room for value add improvements. Cosmetic updates to the units could help support higher rents, attract stronger tenants, and create forced appreciation over time. This is a property where the next investor can focus on increasing income instead of immediately replacing major building components. Located in Bangor with convenient access to downtown, hospitals, shopping, restaurants, and major employers, 71 First Street offers both current rental income and future upside. A strong option for an investor looking for a multifamily asset with completed capital improvements, flexible leases, and a clear path to improved cash flow.
MLS® Number1668153
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1900
BasementInterior Entry, Dirt Floor
Driveway
Garage Spaces
HeatGas Natural, Baseboard
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 19, 2026List Date
$324,900List Price
  • Commute

Commute

Starting Address
Destination Address
71 1St St, Bangor, ME

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