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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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101 Second St , Bangor, ME 04401
$234,900
Est. Payment: $522.00/mo
0 Bed
2 Bath
2416 Sqft
Status: Active | Days on site: 8
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1122 - 004279,023957
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House Description

Opportunity and potential come together in this spacious 2-unit property offering 2,416 square feet of living space. The expansive first-floor unit with 1,208 square feet features four bedrooms and is currently rented at $1,250 per month. The light and airy second-floor unit offers 888 square feet with two bedrooms and one bath. At the rear of the second floor is an additional efficiency space that creates interesting possibilities for a future owner. Subject to City approval, it may offer potential for conversion to a third unit. Alternatively, the space could potentially be incorporated into the existing second-floor apartment, increasing it from two bedrooms to three and from one bath to two. A former two-car garage has been removed, creating additional outdoor space for tenants to relax and enjoy. Across the street is a small neighborhood park as well as the future home of the YMCA, currently slated to open in late 2027. The location puts a wide range of Bangor amenities within walking distance, including Shaw's Supermarket, the Bangor Waterfront and its concert series, the waterfront walking trail, restaurants, bars, shopping, and downtown businesses and entertainment. The property does need exterior work, including replacement of some windows, giving the next owner an opportunity to make improvements while building value. With the four-bedroom first-floor unit already generating $1,250 per month and the second-floor unit available for a new tenant or owner occupancy, this property is priced with its current condition and future potential in mind.

Highlights

Listed by Marianna Reeves , 207-299-6363 and Timothy Blanchard , 207-947-6788 ERA Dawson-Bradford Co. , 207-947-6788.

Property Type

Multi-Family

Lot/Acreage
0.14

Year Built

1900

County

Penobscot

School District

Bangor Public Schools

Listing ID

1675685

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:2
  • Full Bathrooms:2
Appliances:Internet Access Available
Air Cond:Wall Unit(s)
Fireplaces:
Floor:Laminate,Vinyl,Hardwood
Above Ground Sq Ft:2416
Below Ground Sq Ft:0
Basement:Interior Entry,Slab,Full,Unfinished,Brick/Mortar
Other:
  • Additional:1st Floor Bedroom, Bathtub, Storage
Water:Public

Exterior Features

Lot:Interior Lot,Intown,Near Golf Course,Near Shopping,Neighborhood,Level,Sidewalks,Near Public Transit
Zoning:14 Urban Res Dist 2
Roof:Metal
Sewer:Public Sewer
Parking Features:Paved,5 - 10 Spaces,On Site,Off Street
Principal Interest
$522
Taxes
$233

Home Price

$234,900

Loan Details

30 yrs
%

Down Payment

20%
$46,980
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Monthly Price:
$522.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $522.00 $233.33 $0.00 $755.33
Yearly $6,264.00 $2,800.00 $0.00 $9,064.00
Total $187,920.00 $84,000.00 $0.00 $271,920.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Bangor, ME).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.