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71 1st Street, Bangor, ME 04401

Bangor
Local realty services provided by:CENTURY 21 Barbara Patterson
71 1st Street,Bangor, ME 04401
$324,900
  • - Beds
  • 5 Baths
  • 2,776 sq. ft.
  • Multi-family
  • Active
Office: century 21 queen city real estate
MLS#:1668153
Source:ME_MREIS

Price summary

  • Price:$324,900
  • Price per sq. ft.:$117.04

About this home

**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...

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Home facts

  • Year built:1900
  • Listing ID #:1668153
  • Updated:June 20, 2026 at 12:59 AM

Rooms and interior

  • Total bathrooms:5
  • Full bathrooms:5
  • Flooring:Hardwood, Laminate, Plank, Vinyl
  • Basement Description:Dirt Floor, Interior Entry
  • Living area:2,776 sq. ft.

Heating and cooling

  • Cooling:Window Unit (s)
  • Heating:Baseboard, Gas Natural, Heating

Structure and exterior

  • Roof:Shingle
  • Year built:1900
  • Building area:2,776 sq. ft.
  • Lot area:0.11 Acres
  • Lot Features:Business District, Intown, Level, Near Golf Course, Near Shopping, Near Town
  • Architectural Style:Colonial
  • Construction Materials:Masonry, Stone, Vinyl Siding, Wood Frame
  • Foundation Description:Stone
  • Levels:Multi Level

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$324,900
  • Price per sq. ft.:$117.04
  • Tax amount:$3,111 (2024)

Features and amenities

  • Appliances:ENERGY STAR Qualified Appliances

Parking

  • Parking description:Off street, On Site, Other
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