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
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.