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:
2/13/2026
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.
Supplements: ********
More Information MLS# 1651834
Location Information
Book: B8091P285
Leased Land: No
Page: 285
Map: 042
Lot: 043
Zoning Overlay: Unknown
Tree Growth Y/N: No
Association Y/N: No
Street #: 40
Street Name: 2nd
Street Type: Street
County: Penobscot
Town: Bangor
State/Province: ME
Zip Code: 04401
Zoning: 15 Multi Fam & Serv
Full Tax Amount $: 3122
Tax Year: 2025
Geo Lat: 44.798313
Geo Lon: -68.775311
Property Information
Primary Use: Multi Family
Surveyed: Unknown
Deed/Conveyance Type Offered: Warranty
Deed: All
Deed Restrictions: Unknown
Bank Owned REO: No
Lot Size Acres +/-: 0.12
Year Renovated +/-: 1985
Tenancy: Multiple Tenants
Leases: Partial
Road Frontage +/-: 55
Total # Floors: 3
Year Built: 1897
SqFt Finished Total: 3852
Levels
Multi-Level: 1
Location
Bus Line: 1
Business District: 1
Downtown: 1
Historic District: 1
Near Airport: 1
Near Shopping: 1
Near Turnpike/Interstate: 1
Retail Strip: 1
Easement Remarks
Easement Remarks: Driveway to right of building to remain clear for neighboring property
Property Uses
Special Purpose: 1
Construction
Wood Frame: 1
Structure Type
Post & Beam: 1
Basement
Bulkhead: 1
Foundation Materials
Brick/Mortar: 1
Stone: 1
Exterior
Aluminum Siding: 1
Vinyl Siding: 1
Roof
Shingle: 1
Heat System
Baseboard: 1
Heat Pump: 1
Heat Fuel
Gas Natural: 1
Cooling
Heat Pump: 1
Floors
Hardwood: 1
Accessibilitiy Amenities
32 - 36 Inch Doors: 1
Building Features
Internet Access Available: 1
Parking
1 - 4 Spaces: 1
On Street: 1
Electric
Circuit Breakers: 1
Utilities
Utilities On: Yes
Gas
Natural - At Street: 1
Sewer
Public Sewer: 1
Water
Public: 1
Contract Information
Status: Active
Original List Price: 549999
List Price: $549,999
Current Price: $549,999
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
Listing Office:
CENTURY 21 Queen City Real Estate
IDX
Last Updated: February - 13 - 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 ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.

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