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Solid, income-producing 3-unit on Penobscot Street in Orono, with the big-ticket updates already done. A new heating and hot-water boiler (2024) and a roof replaced in 2016 headline the improvements, along with all-new toilets, updated plumbing, and a new sewer line -- so the next owner inherits updated mechanicals instead of a deferred-maintenance list. Each of the three units has its own in-unit laundry. The location keeps demand strong: just minutes from the bus line, Webster Park, and the University of Maine, with water views of the Penobscot River. The unit mix -- two 2-bedroom units and a 1-bedroom -- gives you flexibility to occupy one and rent the others or run all three. Updated systems, a proven rental location, and room to optimize rents make this a great portfolio addition.
Property Type(s):
Multi Family
| Last Updated | 7/13/2026 | Year Built | 1836 |
|---|---|---|---|
| Garage Spaces | 1.0 | County | Penobscot |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Water Heater |
| BASEMENT | Crawl Space, Partial, Unfinished, Yes |
| CONSTRUCTION | Frame, Steel Siding |
| GARAGE | Yes |
| HEAT | Baseboard, Forced Air, Hot Water, Propane, Zoned |
| INTERIOR | Storage |
| LOT | 9583 sq ft |
| LOT DESCRIPTION | Level, Near Public Transit, Open Lot |
| LOT DIMENSIONS | 0.22 |
| MLS STATUS | Active |
| PARKING | Gravel, On Site, Garage Door Opener, Detached |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Colonial |
| TAXES | 5175 |
| UTILITIES | Propane |
| VIEW | Yes |
| VIEW DESCRIPTION | Scenic, Water |
| WATER | Public |
| WATER ACCESS | Penobscot River |
Listing provided by ERA Dawson-Bradford Co.
Listing data is derived in whole or in part from the Maine IDX & is for consumers'' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.© 2026 Maine Real Estate Information System, Inc. All Rights Reserved. 
Additional school data provided by Onboard Informatics © 2026 Onboard Informatics. Information deemed reliable but not guaranteed.
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IDX data provided by Market Leader, courtesy of Maine Listings.
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