71 1st Street

Closed 9/15/26
Closed 9/15/26
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Sold
Last Sold Price
$275,000
2,776 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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$1,680 per month

30 year fixed, 6.71% Interest

Principal and Interest

$1,421

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
  • Key: 350c80453aae5ca6da2abb1d0e907cff
  • 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
  • Key: 424495466c145af68730ea1c7ed4bb6a
  • 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
  • Key: 743f27175ef605c52eb3ad1ad43b0d62
  • 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
  • Key: 92e738732d8e531c043fc9268d24a5a3
  • 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
  • Key: a42854946cfe6486aac06164b2a22fe2
  • Rooms Total: 5
Rental
Rent Information
  • Land Lease: No
Tenant Information
  • Occupant Type: No

Property History for 71 1st Street

DateEvent & SourcePriceAppreciation
Sep 15, 2026

Sold

Maine Listings #1668153

—
Sep 14, 2026

Pending

Maine Listings #1668153

—
Sep 11, 2026

Sold

Maine Listings #1668153

$275,000—
DateEvent & SourcePrice
09/15/2026

Sold

Maine Listings #1668153

—
09/14/2026

Pending

Maine Listings #1668153

—
09/11/2026

Sold

Maine Listings #1668153

$275,000

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

Public Records for 71 1st Street

Taxable ValueLand$11,800Additions$172,800Total$184,600
Tax Record2025$3,267 ($272 / month)
Home Facts
Baths4Total Finished SqFt2,776 SqFtAbove Grade Finished SqFt2,776 SqFtStories2Lot Size4,792 SqFtStyleMulti-Family Res (5+ Units)Year Built1900Year Renovated1900ZoningURD2CountyPENOBSCOTAPNBANG M:035 L:155

Schools near 71 1st 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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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.

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. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.