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Adam Dow

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

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71 1st St , Bangor, ME 04401
$324,900
Est. Payment: $722.00/mo
0 Bed
5 Bath
2776 Sqft
Status: active with contingency | Days on site: 40
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House 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.

Highlights

Listed by Adam King , 207-385-6850 CENTURY 21 Queen City Real Estate , 207-942-4618. Maine Real Estate Information System, Inc. mls logo

Property Type

Multi-Family

Lot/Acreage
0.11

Year Built

1900

County

Penobscot

Listing ID

1668153

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:5
  • Full Bathrooms:5
Appliances:ENERGY STAR Qualified Appliances, Cable
Air Cond:Window Unit(s)
Fireplaces:
Floor:Laminate,Vinyl,Hardwood,Plank
Above Ground Sq Ft:2776
Below Ground Sq Ft:0
Basement:Interior Entry,Dirt Floor
Other:Public

Exterior Features

Lot:Business District,Intown,Near Golf Course,Near Shopping,Near Town,Level
Zoning:14 Urban Res Dist 2
Roof:Shingle
Sewer:Public Sewer
Parking Features:On Site,Off Street
Principal Interest
$722
Taxes
$259

Home Price

$324,900

Loan Details

30 yrs
%

Down Payment

20%
$64,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$722.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $722.00 $259.25 $0.00 $981.25
Yearly $8,664.00 $3,111.00 $0.00 $11,775.00
Total $259,920.00 $93,330.00 $0.00 $353,250.00

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.

Listing data is derived in whole or in part from the Maine IDX & is for consumers personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.


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Data last updated: 2026-08-02T07:29:11.000Z

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