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Positioned close to the University of Maine, 42 Island Avenue presents an appealing opportunity for buyers exploring the college rental market. Its convenient Orono location puts campus, downtown dining, shops, and local favorites within easy reach, bringing together the everyday conveniences that can help a rental property stand out. For investors looking to establish or expand a rental portfolio, proximity to UMaine is a key draw. Explore the potential for student rental income in a university community, with a location that connects tenants to both campus life and downtown amenities. Orono Brewing Company is nearby, adding to the neighborhood's local appeal as well as a large convenient store at the top of the road. Whether you are considering your first investment property or adding to an existing portfolio, this profitable property deserves a closer look. A convenient location, access to the university, and rental income potential make 42 Island Avenue an opportunity to explore in the Orono market. Lease is up in August of 2027. No vacancy rate due to students finding roommates after Landlord screening and approval.
Property Type(s):
Single Family
| Last Updated | 10/15/2026 | Year Built | 1917 |
|---|---|---|---|
| County | Penobscot |
Additional Details
| AIR | Heat Pump |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dryer, Electric Range, Refrigerator, Washer |
| BASEMENT | Dirt Floor, Full, Interior Entry, Unfinished, Yes |
| CONSTRUCTION | Frame, Vinyl Siding |
| HEAT | Electric, Forced Air, Oil |
| LOT | 3485 sq ft |
| LOT DESCRIPTION | Near Golf Course, Open Lot |
| LOT DIMENSIONS | 0.08 |
| MLS STATUS | Active |
| PARKING | Paved |
| SEWER | Public Sewer |
| STYLE | Colonial |
| TAXES | 3154 |
| UTILITIES | Natural Gas Not Available |
| WATER | Public |
Listing provided by Better Homes & Gardens Real Estate/The Masiello Group, hollytaylor@masiello.com
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.
Mortgage Calculator provided by Diverse Solutions © 2026
IDX data provided by Market Leader, courtesy of Maine Listings.
This IDX solution is (c) Diverse Solutions 2026.
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