UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,852 sqft
Price per Sqft $142
MLS Listing ID 1651834
Style Post & Beam
HOA Y/N No
Year Built 1897
Tax Year 2025
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Multi Family
Source Maine Listings
Land Area 3852
Property Description
40 2nd Street is a fully operational 9-room boarding house with 2 private efficiencies in Bangor -- an established income property with history, structure, and annual inspections in place.
Three furnished rooms per floor (9 total) with shared kitchen and bath access. Two efficiencies with private baths and kitchenettes. Furnishings convey. Month-to-month tenancy model offers flexibility while maintaining consistent occupancy.
This property has a system.
It requires engagement.
And in return, it performs.
Located near downtown, hospitals, public transportation, and major commuter routes -- a corridor that has supported this use for years.
Financials available in MLS documents.
Seller financing may be considered with 25% down; terms negotiable.
For the investor who understands this asset class, 40 2nd isn't complicated -- it's calculated.
Location
State ME
County Penobscot
Zoning 15 Multi Fam & Serv
Rooms
Basement Bulkhead
Interior
Heating Heat Pump, Baseboard
Cooling Heat Pump
Equipment Internet Access Available
Exterior
Parking Features 1 - 4 Spaces, On Street
Roof Type Shingle
Building
Lot Description Near Turnpike/Interstate, Near Airport, Downtown, Business District, Bus Line, Historic District, Near Shopping, Retail Strip
Story 3
Entry Level Multi-Level
Foundation Stone, Brick/Mortar
Water Public
Others
Tax ID 40SecondStreetBangor04401
Nearby Locations
GET MORE INFORMATION