339 Stillwater Avenue, Old Town, ME 04468 (MLS # 1665404)

Excellent investment opportunity in a convenient Old Town location! Just minutes from the University of Maine, shopping, restaurants, and I-95, this spacious multi-unit property offers strong rental history, solid income potential, and a surprisingly large in-town lot. Set on approximately 1.25 acres, the property features a beautiful open yard with wooded views offering far more outdoor space and privacy than typically found with intown multi-family properties. A large back deck overlooks the backyard and provides an inviting space for tenants to relax or entertain. Ample off-street parking provides convenience for both tenants and guests. The building consists of two occupied units, including one long-term tenant, making this an ideal opportunity for investors seeking stability and immediate income production. Both units offer spacious layouts full of character and natural light, along with separate utilities and individual washer/dryer setups for added tenant convenience. One unit is serviced by a newer natural gas boiler, while the second unit currently utilizes oil heat. Current rents offer potential opportunity for future income growth, adding to the long-term investment appeal of the property. Whether you're looking to expand your investment portfolio or secure a well-located income-producing property close to the university, this versatile duplex is packed with potential.

Last Updated	6/4/2026	Year Built	1900
County	Penobscot

Additional Details

AIR	None
APPLIANCES	Water Heater
BASEMENT	Full, Interior Entry, Unfinished, Yes
CONSTRUCTION	Frame, Vinyl Siding
HEAT	Baseboard, Forced Air, Hot Water, Oil
INTERIOR	Storage
LOT	1.25 acre(s)
LOT DESCRIPTION	Level, Open Lot
LOT DIMENSIONS	1.25
MLS STATUS	Active
PARKING	Gravel
SEWER	Public Sewer
STYLE	Colonial
TAXES	4270
UTILITIES	Natural Gas Available
WATER	Public

Location

 

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