40 2nd Street, Bangor, ME 04401

$549,999
Property Type: Commercial Square Footage: 3,852 Lot Size (sq. ft.): 5,227 Status: Active
Current Price: $549,999 List Date: 2/13/2026 Last Modified: 3/31/2026

Overview

Description

For the right operator, this is a real opportunity. 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.

Listing Details MLS# 1651834

Location Information

Street #
40
Street Name
2nd
Street Type
Street
County
Penobscot
Town
Bangor
State/Province
ME
Zip Code
04401
Leased Land
No
Book
B8091P285
Page
285
Map
042
Lot
043
Zoning
15 Multi Fam & Serv
Zoning Overlay
Unknown
Full Tax Amount $
3122
Tax Year
2025
Tree Growth Y/N
No
Association Y/N
No

Contract Information

Original List Price
549999

Property Information

Primary Use
Multi Family
Surveyed
Unknown
Deed/Conveyance Type Offered
Warranty
Deed
All
Deed Restrictions
Unknown
Bank Owned REO
No
Year Built
1897
Year Renovated +/-
1985
Tenancy
Multiple Tenants
Leases
Partial
Total # Floors
3
SqFt Finished Total
3852
Lot Size Acres +/-
0.12
Road Frontage +/-
55

Utilities

Utilities On
Yes

Levels

Multi-Level
Yes

Location

Bus Line
Yes
Business District
Yes
Downtown
Yes
Historic District
Yes
Near Airport
Yes
Near Shopping
Yes
Near Turnpike/Interstate
Yes
Retail Strip
Yes

More Information

Easement Remarks

Easement Remarks
Driveway to right of building to remain clear for neighboring property

Property Uses

Special Purpose
Yes

Construction

Wood Frame
Yes

Structure Type

Post & Beam
Yes

Basement

Bulkhead
Yes

Foundation Materials

Brick/Mortar
Yes
Stone
Yes

Exterior

Aluminum Siding
Yes
Vinyl Siding
Yes

Roof

Shingle
Yes

Heat System

Baseboard
Yes
Heat Pump
Yes

Heat Fuel

Gas Natural
Yes

Cooling

Heat Pump
Yes

Floors

Hardwood
Yes

Accessibilitiy Amenities

32 - 36 Inch Doors
Yes

Building Features

Internet Access Available
Yes

Parking

1 - 4 Spaces
Yes
On Street
Yes

Electric

Circuit Breakers
Yes

Gas

Natural - At Street
Yes

Sewer

Public Sewer
Yes

Water

Public
Yes

Property Features

Location: Bus Line; Business District; Downtown; Historic District; Near Airport; Near Shopping; Near Turnpike/Interstate; Retail Strip Construction: Wood Frame Structure Type: Post & Beam Levels: Multi-Level Property Uses: Special Purpose Basement: Bulkhead Foundation Materials: Brick/Mortar; Stone Exterior: Aluminum Siding; Vinyl Siding Roof: Shingle Heat System: Baseboard; Heat Pump Heat Fuel: Gas Natural Cooling: Heat Pump Floors: Hardwood Building Features: Internet Access Available Parking: 1 - 4 Spaces; On Street Electric: Circuit Breakers Gas: Natural - At Street Sewer: Public Sewer Water: Public

Documents

IDX
Listing Office: CENTURY 21 Queen City Real Estate
Last Updated: March - 31 - 2026
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. Copyright ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
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