RateMyAgentGo to search
Back 71 1st St
Active

71 1st St

Bangor ME 04401

5
2776 sq. ft.
4791.6 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

**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.

Features

5 bathrooms
2776 sq. ft. floor area
4791.6 sq. ft. lot size
Multi-Family

Happy sellers in Bangor

~%

We have insufficient information to provide an overview of customer satisfaction for Bangor. Viewing the agent profiles, reviews and sales for Bangor can provide insights for this location.

Local market activity for multi families in Bangor

In the last 12 months, 50 multi families similar to 71 1st St, have been sold.

This represents a 5% increase in multi families sales when compared to the previous 12 months.

RateMyAgent
Sales:
(619) 566-0008
Quick Links
© 2026 RateMyAgent
Privacy PolicyTerms & ConditionsLicensingSitemap