# 71 1st Street, Bangor, ME 04401

> **TL;DR:** 0bd/5ba residential multi family, $324,900 ($117/sqft), built 1900, 2,776 sqft.
> Hardwood, A/C. Est. $1,408/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $324,900 |
| Price/sqft | $117 |
| Bathrooms | 5 full |
| Square Feet | 2,776 |
| Year Built | 1900 |
| Lot Size | 4,792 sqft (0.11 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 0 |

## Why This Home Stands Out

- **Hardwood Floors** - Throughout the home

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,408 |
| **Total** | **$1,408** |

## Key Amenities

- Hardwood
- A/C

## Property Highlights

- Built in 1900
- 0.11 acre lot
- 2 stories

## Description

### Agent 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.

## Location

- **Address:** 71 1st Street, Bangor, ME 04401
- **County:** Penobscot
- **Coordinates:** 44.79702, -68.775873
- **Google Maps:** https://www.google.com/maps?q=44.79702,-68.775873

## Listing Agent

- **Name:** Adam King
- **Brokerage:** CENTURY 21 Queen City Real Estate
- **Phone:** 2073856850
- **Email:** adamking@c21queencity.com

## Primary Photo

![71 1st Street - Primary Photo](http://lh.rdcpix.com/5fb01b600044768b7420afca66dc62e6l-f2171798268r.jpg)

*27 total photos available on [listing page](https://www.propertysimple.com/listing/71-1st-street-bangor-me-04401-1668153)*

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**MLS#:** 1668153 | **Updated:** 2026-06-24
**Source:** listhub

*Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/71-1st-street-bangor-me-04401-1668153)

---

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