40 2nd St

Bangor, ME 04401

$549,999
Price
—
Beds
—
Baths
3,852 Sq. Ft.
$143 / Sq. Ft.
3,852
Sq. Ft.
$143
per Sq. Ft.
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Description

For the right operator, this is a real opportunity.
40 2nd Street is a fully operational 9-room boarding house with 2 private efficiencies in Bangor -- an established income property with history, structure, and annual inspections in place. Three furnished rooms per floor (9 total) with shared kitchen and bath access. Two efficiencies with private baths and kitchenettes. Furnishings convey. Month-to-month tenancy model offers flexibility while maintaining consistent occupancy. This property has a...For the right operator, this is a real opportunity.

40 2nd Street is a fully operational 9-room boarding house with 2 private efficiencies in Bangor -- an established income property with history, structure, and annual inspections in place. Three furnished rooms per floor (9 total) with shared kitchen and bath access. Two efficiencies with private baths and kitchenettes. Furnishings convey. Month-to-month tenancy model offers flexibility while maintaining consistent occupancy. This property has a system. It requires engagement. And in return, it performs. Located near downtown, hospitals, public transportation, and major commuter routes -- a corridor that has supported this use for years. Financials available in MLS documents. Seller financing may be considered with 25% down; terms negotiable. For the investor who understands this asset class, 40 2nd isn't complicated -- it's calculated.
  1. Listed by Adam King • CENTURY 21 Queen City Real Estate

Property Details for 40 2nd Street

Zoning
15 Multi Fam & Serv
LISTING UPDATED: 03/31/2026 03:00 PM

Property Details for 40 2nd Street

StatusActive
MLS #1651834
Days on Market47
Taxes$3,122 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial / Multi Family
Year Built1897
Lot Size0.12 AC / 5,227 SF
CountyPenobscot County
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Location

Listing Courtesy of CENTURY 21 Queen City Real Estate
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Building Information for 40 2nd Street

Stories3Residences-Year Built1897Building Size-Lot Size0.12 AC / 5,227 SF

Payment Calculator

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$2,929 per month

30 year fixed, 6.11% Interest

Principal and Interest

$2,669

Property Taxes

$260

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 40 2nd Street

Summary
Location and General Information
  • Town: Bangor
  • State/Province: ME
  • Zip Code: 04401
  • County: Penobscot
  • Geo Latitude: 44.798313
  • Geo Longitude: -68.775311
  • Tax Lot: 043
  • Location:Bus Line: Yes
  • Location:Business District: Yes
  • Location:Downtown: Yes
  • Location:Historic District: Yes
  • Location:Near Airport: Yes
  • Location:Near Shopping: Yes
  • Location:Near Turnpike/Interstate: Yes
  • Location:Retail Strip: Yes
  • Construction: Wood Frame
  • Tree Growth YN2: false
Parking
  • Parking Features: 1 - 4 Spaces, On Street
  • Parking: 1 - 4 Spaces, On Street
Taxes and HOA Information
  • Tax Book Number: B8091P285
  • Tax Map Number: 042
  • Tax Year: 2025
  • Parcel Number: 40SecondStreetBangor04401
  • Location Information:Association Y/N: No
  • Tax Annual Amount: $3,122.00
Property
Heating and Cooling
  • Heat Fuel: Gas Natural
  • Heat System: Baseboard, Heat Pump
Lot Information
  • Lot Size Acres: 0.12
  • Building Area Total: 3852.0
  • Lot Size Area: 0.12
  • Lot Size Units: Acres
  • Lot Size Square Feet: 5227.2
  • Street Number: 40
  • Property Information:Surveyed: Unknown
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Deed/Conveyance Type Offered: Warranty
  • Property Information:Deed: All
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Property Information:Year Renovated +/-: 1,985.00
  • Property Information:Total # Floors: 3.00
Property and Assessments
  • Leased Land: No
  • Property Type: Commercial
  • Property Type Label: Commercial
  • Property Sub-Type: Multi Family
  • Year Built: 1897
Utilities
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public
  • Other Equipment: Internet Access Available
  • Utilities:Utilities On: Yes
  • Gas:Natural - At Street: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding, Aluminum Siding, Wood Frame
  • Roof: Shingle
  • StructureType: Post & Beam
Interior Features
  • Basement: Bulkhead
  • Cooling: Heat Pump
  • Heating: Heat Pump, Baseboard
  • Foundation Details: Stone, Brick/Mortar
  • # Floors: 3
  • Bathrooms Total (Integer): 0
  • Bathrooms Total (Decimal): .00
  • Bathrooms Total (Notational): .00
  • Cooling YN: Yes
  • Heating YN: Yes
  • Levels: Multi-Level

Property History for 40 2nd Street

DateEvent & SourcePriceAppreciation
Feb 10, 2026

Listed (Active)

Maine Listings #1651834

$549,999—
Feb 22, 2002

Sold

Maine Listings #408407

$90,000—
Jan 27, 2002

Active Under Contract

Maine Listings #408407

—
Jun 28, 2000

Listed (Active)

Maine Listings #408407

$110,000—
DateEvent & SourcePrice
02/10/2026

Listed (Active)

Maine Listings #1651834

$549,999
02/22/2002

Sold

Maine Listings #408407

$90,000
01/27/2002

Active Under Contract

Maine Listings #408407

—
06/28/2000

Listed (Active)

Maine Listings #408407

$110,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 40 2nd Street

Taxable ValueLand$11,600Additions$203,400Total$215,000
Tax Record2024$3,988 ($332 / month)
Home Facts
Baths4Total Finished SqFt3,852 SqFtAbove Grade Finished SqFt3,852 SqFtStories2Lot Size5,227 SqFtStyleDuplexYear Built1897ZoningM&SDCountyPENOBSCOTAPNBANG M:042 L:043

Schools near 40 2nd Street

This home is within Bangor Public Schools.
Rating
School
Type
Grades
Distance
Vine Street School
Public - PK to 3
Fairmount School
Public - 4 to 5
James F. Doughty School
Public - 6 to 8
Bangor High School
Public - 9 to 12
Rating
School
Distance
Vine Street School
PublicPK to 3

Fairmount School
Public4 to 5

James F. Doughty School
Public6 to 8

Bangor High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 40 2nd Street, Bangor, ME 04401

40 2nd Street is a multi-family home for sale in Bangor, ME 04401. This property was listed for sale on February 10, 2026 by CENTURY 21 Queen City Real Estate, it's currently listed at $549,999. It has been on the market for a total of 47 days and was last sold on February 22, 2002. This listing's school district is Bangor Public Schools. Nearby schools include Vine Street School, Fairmount School and James F. Doughty School. 40 2nd Street is a 0-bed, 0-bath, 3,852 sqft multi-family home built in 1897.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CENTURY 21 Queen City Real Estate

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2022 Maine Real Estate Information System, Inc. All Rights Reserved.