About this home
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 last checked: Listing updated:
Listed by Listing Agent · CENTURY 21 Queen City Real Estate · MLS #1651834
Request property information
Select a document to start a request. You can add others in the form. Availability varies.
Details at a glance
Interior2 property facts
- Heating
- Heat Pump, Baseboard
- Cooling
- Heat Pump
Building4 property facts
- Style
- Multi Family
- Year built
- 1897
- Foundation
- Stone, Brick/Mortar
- Roof
- Shingle
Land & utilities4 property facts
- Lot size
- 0.12 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- 15 Multi Fam & Serv
Financial2 property facts
- Annual taxes
- $3,122
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $549,999 asking price. Adjust the assumptions to your situation.
Known monthly costs$3,041 / monthAdjust
- Principal & interest
- $2,781
- Property tax
- $260
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $3,122. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
Explore more of Bangor
Continue your search in Bangor.
Need help making sense of this home?
About 40 2nd Street
Can I request a private showing?
Request a tour of 40 2nd Street and a Bean Group agent will help coordinate an available time with the listing side.
Can you help me evaluate this property?
Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
Are property documents available?
Availability varies by property and source. Request the documents you need and we will help obtain what is available.