71 1st Street, Bangor, ME 04401 (MLS # 1668153)

**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.

Last Updated	6/19/2026	Year Built	1900
County	Penobscot

Additional Details

AIR	Window Unit(s)
AIR CONDITIONING	Yes
APPLIANCES	ENERGY STAR Qualified Appliances, Water Heater
BASEMENT	Dirt Floor, Interior Entry, Yes
CONSTRUCTION	Frame, Stone, Vinyl Siding
FIREPLACE	Yes
HEAT	Baseboard
LOT	4792 sq ft
LOT DESCRIPTION	Level, Near Golf Course
LOT DIMENSIONS	0.11
MLS STATUS	Active
PARKING	Other, On Site, Off Street
SEWER	Public Sewer
STORIES	2
STYLE	Colonial
TAXES	3111
UTILITIES	Cable Available, Natural Gas Available
WATER	Public

Location

 

Contact us about this Property

---