71 1st St

Bangor ME 04401

2776 sq. ft.

4791.6 sq. ft.

Multi-Family

Last sold for $275,000

Adam King, last sold this property on 11 September 2026 after 8 days on market.

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

Estimated Value

Based on this property and similar multi families sold in Bangor over the last 12 months, the estimated median property value of 71 1st St is $325k.

Median value

$325k

Estimated value range

$92k - $949k

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Bangor. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 71 1st St

2026

Sold

$275,000

11 Sep 2026 by Adam King

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.