101 Second StreetBangor, ME 04401

Description

Opportunity and potential come together in this spacious 2-unit property offering 2,416 square feet of living space. The expansive first-floor unit with 1,208 square feet features four bedrooms and is currently rented at $1,250 per month. The light and airy second-floor unit offers 888 square feet with two bedrooms and one bath. At the rear of the second floor is an additional efficiency space that creates interesting possibilities for a future owner. Subject to City approval, it may offer potential for conversion to a third unit. Alternatively, the space could potentially be incorporated into the existing second-floor apartment, increasing it from two bedrooms to three and from one bath to two. A former two-car garage has been removed, creating additional outdoor space for tenants to relax and enjoy. Across the street is a small neighborhood park as well as the future home of the YMCA, currently slated to open in late 2027. The location puts a wide range of Bangor amenities within walking distance, including Shaw's Supermarket, the Bangor Waterfront and its concert series, the waterfront walking trail, restaurants, bars, shopping, and downtown businesses and entertainment. The property does need exterior work, including replacement of some windows, giving the next owner an opportunity to make improvements while building value. With the four-bedroom first-floor unit already generating $1,250 per month and the second-floor unit available for a new tenant or owner occupancy, this property is priced with its current condition and future potential in mind.

Property Information

Property type

Residential Income

Sub-type

Duplex

Structure type

Duplex

Year built

1900

Living area

2,416 Sq Ft

Lot size

0.14 acres

Zoning

14 Urban Res Dist 2

Days on market

61

MLS^® Listing#

1675685

Property Features

Interior

Storage

Cooling

Wall Unit(s)

Heating

Baseboard · Hot Water

Flooring

Laminate · Vinyl · Hardwood

Basement

Interior Entry · Full · Unfinished

Parking

Paved · On Site · Off Street

Patio

Glass Enclosed · Porch

Lot features

Interior Lot · Near Golf Course · Level · Near Public Transit

Construction

Clapboard · Frame

Foundation

Stone · Brick/Mortar

Roof

Metal

Utilities

Natural Gas Available

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None

Annual taxes

$2,800Tax year 2025