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About the Listing 1198 - 024624
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 Highlights
Status
Active
Days on Site
2
Property Type
Commercial Sale
MLS ®
1651834
Year Built
1897
Total Square Footage
3,852
Lot/Acreage
0.12
County
Penobscot
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Heat Pump
- Heating: Heat Pump,Baseboard
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Bulkhead
- Other:
- Water: Public
Exterior Details
- Lot Description: Near Turnpike/Interstate,Near Airport,Downtown,Business District,Bus Line,Historic District,Near Shopping,Retail Strip
- Garage Capacity: N/A
- Zoning: 15 Multi Fam & Serv
- Roof: Shingle
- Others:
- Sewer: Public Sewer
- Parking Features: 1 - 4 Spaces,On Street
Financial Details
- Tax Amount: $3,122
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
40 2nd St Bangor, ME 04401
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