71 1st Street

Closed 9/15/26

Sold

Last Sold Price

$275,000

5 baths2,776 sqft

71 1st St, Bangor, ME 04401

Multi FamilyProperty Type

0.11 acresLot Size

1900Year Built

$99/sq ftPrice per sq ft

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....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.

Listed by: Adam King 207.385.6850 adamking@c21queencity.com • CENTURY 21 Queen City Real Estate

Listing closed: 09/15/2026 11:52 AM • Source: Maine Listings, MLS#: 1668153

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Location

Listing Courtesy of CENTURY 21 Queen City Real Estate

Sold By Realty of Maine

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$1,727 per month

30 year fixed, 7.03% Interest

Principal and Interest

$1,468

Property Taxes

$259

HOA Dues

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Property Information for 71 1st Street

Property Details

Taxes: $3,111 / year
MLS Type: Multi-Family
County: Penobscot County
Architectural Style: Colonial
Has Waterfront: No
Zoning: 14 Urban Res Dist 2

Building Information

Stories: 2
Residences: 5
Year Built: 1900
Lot Size: 0.11 AC / 4,791 SF

Summary

Location and General Information

Water View: No
Page: 125

Zoning Overlay: No
Latitude: 44.797014
Longitude: -$68.78

Taxes and HOA

Association: No
Parcel Number: BANG-000035-000000-000155

Tax Lot: 155
Tax Book Number: B15840
Tax Map Number: 035
Tax Year: 2024
Tax Annual Amount: $3,111.00

Parking

Parking Features: On Site, Off Street
Vehicle Storage: No Vehicle Storage

Has Attached Garage: No
Has Garage: No

Property

Lot Information

Lot Features: Business District, Intown, Near Golf Course, Near Shopping, Near Town, Level
Lot Size Acres: 0.11

Lot Size Area: 0.11
Lot Size Source: Public Records
Lot Size Square Feet: 4791.6
Lot Size Units: Acres
2 Detached Houses on 1 Lot: false
Roads: Public
Road Frontage: true
Road Frontage: 50.0
Source of Road Frontage: Public Records
SqFt Source: Public Records
Tree Growth: false

Property and Assessments

Above Grade Finished Area: 2776.0
Building Area Total: 2776.0

Property Type: Multi-Family
Deed: All
Deed/Conveyance Type Offered: Warranty
Year Built: 1900

Building Features

Levels: Multi-Level
Levels: Multi-Level

Foundation Details: Stone
Construction Materials: Masonry, Wood Frame, Stone, Vinyl Siding
Color: Yellow
Stories: 2
Stories Total: 2

Financial Information

List Price/SqFt: $117.04

Green Features

Green Energy Efficient: 90% Efficient Furnace, Water Heater

Utilities

# Heating Units: 1
# Water Heaters: 1

Electric: Circuit Breakers
Gas: Natural - On Site
Sewer: Public Sewer
Water Source: Public
Water Heater: Gas, Tank

Interior and Exterior Features

Exterior Features

Roof: Shingle
Window Features: Double Pane Windows

Window Features: Double Pane Windows

Interior Features

Accessibility Features: 32 - 36 Inch Doors
Appliances: ENERGY STAR Qualified Appliances

Bathrooms Full: 5
Bathrooms Total Decimal: 5.0
Bathrooms Total Integer: 5
Equipment: Cable
Fireplaces Total: 2
Other Equipment: Cable
Basement: Interior Entry, Dirt Floor
Has Fireplace: Yes
Cooling: Window Unit(s)
Has Cooling: Yes
Heating: Gas Natural, Baseboard
Has Heating: Yes
Flooring: Laminate, Vinyl, Hardwood, Plank

Multi Family

Multi Family Information

# of 1 BD Units: 3
# of 2 BD Units: 2

Number Of Units Total: 5

Income & Expenses

Gross Income: $41,675.00
Operating Expense: $23,509.00

Unit Information

Unit 1

Num Full Baths: 1
Dedicated Electric Meter: No

Dedicated Gas Meter: No
Dedicated Water Heater: No
Refrigerator: Yes
Sewer: Yes
Water: Yes
Electric: Yes
Heat: Yes
Range: Yes
Lease: Yes
Level: First
Security Deposit: No
Actual Rent: $750.00
Beds Total: 1
Rooms Total: 4

Unit 2

Num Full Baths: 1
Dedicated Electric Meter: No

Dedicated Gas Meter: No
Dedicated Water Heater: No
Refrigerator: Yes
Sewer: Yes
Water: Yes
Electric: Yes
Heat: Yes
Range: Yes
Lease: Yes
Level: First
Security Deposit: No
Actual Rent: $650.00
Beds Total: 1
Rooms Total: 4

Unit 3

Num Full Baths: 1
Dedicated Electric Meter: No

Dedicated Gas Meter: No
Dedicated Water Heater: No
Refrigerator: Yes
Sewer: Yes
Water: Yes
Electric: Yes
Heat: Yes
Range: Yes
Lease: Yes
Level: Second
Security Deposit: No
Actual Rent: $650.00
Beds Total: 1
Rooms Total: 4

Unit 4

Num Full Baths: 1
Dedicated Electric Meter: No

Dedicated Gas Meter: No
Dedicated Water Heater: No
Refrigerator: Yes
Sewer: Yes
Water: Yes
Electric: Yes
Heat: Yes
Range: Yes
Lease: Yes
Level: Second
Security Deposit: No
Actual Rent: $800.00
Beds Total: 1
Rooms Total: 4

Unit 5

Num Full Baths: 1
Dedicated Electric Meter: No

Dedicated Gas Meter: No
Dedicated Water Heater: No
Refrigerator: Yes
Sewer: Yes
Water: Yes
Electric: Yes
Heat: Yes
Range: Yes
Lease: Yes
Level: First
Security Deposit: No
Actual Rent: $800.00
Beds Total: 2
Rooms Total: 5

Rental

Rent Information

Land Lease: No

Tenant Information

Occupant Type: No

Property History for 71 1st Street

Date	Event & Source	Price	Appreciation
Sep 15, 2026	Sold Maine Listings #1668153		—
Sep 14, 2026	Pending Maine Listings #1668153		—
Sep 11, 2026	Sold Maine Listings #1668153	$275,000	—
Jul 29, 2026	Active Under Contract Maine Listings #1668153		—
Jun 19, 2026	Listed (Active) Maine Listings #1668153	$324,900	—
Oct 27, 2025	Expired Maine Listings #1633030	$325,000	—
Aug 1, 2025	Listed (Active) Maine Listings #1633030	$325,000	—
Apr 14, 2018	Expired Maine Listings #1303060	$169,900	—
Apr 14, 2017	Listed (Active) Maine Listings #1303060	$169,900	—
Feb 19, 2017	Expired Maine Listings #1234387	$190,000	—
Aug 19, 2015	Listed (Active) Maine Listings #1234387	$205,000	—

Date	Event & Source	Price
09/15/2026	Sold Maine Listings #1668153	—
09/14/2026	Pending Maine Listings #1668153	—
09/11/2026	Sold Maine Listings #1668153	$275,000
07/29/2026	Active Under Contract Maine Listings #1668153	—
06/19/2026	Listed (Active) Maine Listings #1668153	$324,900
10/27/2025	Expired Maine Listings #1633030	$325,000
08/01/2025	Listed (Active) Maine Listings #1633030	$325,000
04/14/2018	Expired Maine Listings #1303060	$169,900
04/14/2017	Listed (Active) Maine Listings #1303060	$169,900
02/19/2017	Expired Maine Listings #1234387	$190,000
08/19/2015	Listed (Active) Maine Listings #1234387	$205,000

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

Public Records for 71 1st Street

Taxable Value

Land

$11,800

Additions

$172,800

Total$184,600

Tax Record

2025

$3,267 ($272 / month)

Home Facts

Baths

Total Finished SqFt

2,776 SqFt

Above Grade Finished SqFt

2,776 SqFt

Stories

Lot Size

4,792 SqFt

Style

Multi-Family Res (5+ Units)

Year Built

1900

Year Renovated

1900

Zoning

URD2

County

PENOBSCOT

APN

BANG M:035 L:155

Schools near 71 1st Street

This home is within Bangor Public Schools.


Rating	School	Type	Grades	Distance
8/10	Vine Street School	Public - Serves this home	PK to 3	0.5 mi
7/10	Fairmount School	Public - Serves this home	4 to 5	0.8 mi
6/10	James F. Doughty School	Public - Serves this home	6 to 8	0.4 mi
6/10	Bangor High School	Public - Serves this home	9 to 12	2.4 mi
NR	Apostolic Christian Academy	Private - Nearby school	1 to 11	0.7 mi
NR	John Bapst Memorial High School	Private - Nearby school	9 to 12	0.7 mi
NR	Wassookeag School	Private - Nearby school	2 to 8	0.7 mi


Rating	School	Distance
8/10	Vine Street School PublicPK to 3 Serves this home	0.5 mi
7/10	Fairmount School Public4 to 5 Serves this home	0.8 mi
6/10	James F. Doughty School Public6 to 8 Serves this home	0.4 mi
6/10	Bangor High School Public9 to 12 Serves this home	2.4 mi
NR	Apostolic Christian Academy Private1 to 11 Nearby school	0.7 mi
NR	John Bapst Memorial High School Private9 to 12 Nearby school	0.7 mi
NR	Wassookeag School Private2 to 8 Nearby school	0.7 mi

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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Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 71 1st Street, Bangor, ME 04401	$275,000	–	5	2,776	4,791
73 1st Street, Bangor, ME 04401	–	–	3.5	2,828	5,663
67 1st Street, Bangor, ME 04401	$390,000	–	–	7,920	6,534
75 1st Street, Bangor, ME 04401	–	–	2	2,063	9,148
65 1st Street, Bangor, ME 04401	$25,000	–	2	1,784	5,227
72 2nd Street, Bangor, ME 04401	$165,000	4	2	2,532	8,276
78 1st Street, Bangor, ME 04401	$250,000	3	2	1,257	4,356
83 1st Street, Bangor, ME 04401	$178,000	–	6	–	10,890
58-60 Cedar Street, Bangor, ME 04401	$215,000	–	2	1,100	13,068
64 2nd Street, Bangor, ME 04401	$35,000	–	2	1,320	4,356
66 2nd Street, Bangor, ME 04401	$31,000	3	1	1,200	4,356
60 Cedar Street, Bangor, ME 04401	$89,500	–	2	1,100	13,068
82 2nd Street, Bangor, ME 04401	$270,000	–	2	2,236	7,840
84 1st Street, Bangor, ME 04401	$200,000	–	6	2,248	3,920
87 1st Street, Bangor, ME 04401	–	–	4	5,802	16,117
58 Cedar Street, Bangor, ME 04401	–	–	2	1,100	13,068

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.