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.

More Info

Tax Information

Parcel Number ORON-020003-000000-000082
Taxes$5,175

Location

Address22 Penobscot Street
Building Number22
CountyPenobscot
StateME
StreetPenobscot Street
TownOrono
Zip04473

Interior

Interior Features 1st Floor Bedroom, Attic, Bathtub, One-Floor Living, Shower, Storage

Property Information

Acreage0.22
Lot Features Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Level, Open Lot, Sidewalks, Near Public Transit
Square Feet3,676

Water Body

Water AccessPublic
Water Body NamePenobscot River
Water Body TypeRiver
Water ViewYes

Parking

Parking Features Gravel,5 - 10 Spaces, On Site, Garage Door Opener, Detached

Basic Information

List Price$325,000
MLS Number1671578
Property TypeMulti-Family
StatusACT

Property

Road Surface Type Paved
Vehicle Storage 1 Car, Auto Door Opener, Detached

Exterior

RoofShingle

Utilities

Electric Circuit Breakers, Fuses
Heat System
- Baseboard
- Forced Air
- Gas Bottled
- Hot Water
- K-1/Kerosene
- Propane
- Zoned
Heating YN Yes
Waste Water DisposalPublic Sewer

Legal

ZoningResidential

Other

Date Listed07/13/2026
Green Energy Efficient Ceiling Fans
Unit 1 Full Baths 1
Unit 1 Level First
Unit 1 Monthly Rent $1,600
Unit 1 Rooms 5
Unit 1 Water Yes
Unit 2 Full Baths 1
Unit 2 Lease Yes
Unit 2 Level Second
Unit 2 Monthly Rent $1,500
Unit 2 Rooms 6
Unit 2 Water Yes
Unit 3 Full Baths 1
Unit 3 Lease Yes
Unit 3 Level First
Unit 3 Monthly Rent $750
Unit 3 Rooms 3
Unit 3 Water Yes

Rooms

Bathroom3
Bathrooms Total Decimal 3
Full Bath3
Laundry Features Main Level, Upper Level, Washer Hookup

Building

BasementBulkhead, Crawl Space, Partial, Unfinished
Building Info Heating Units 2
Building Info Water Heaters 1
Flooring Carpet, Vinyl, Wood, Painted/Stained
GarageYes
Garage Spaces1
Property StyleColonial
Stories2
Units3
Year Built1836

Amenities

Amenities
- 1st Floor Bedroom
- Attic
- Bathtub
- Main Level
- One-Floor Living
- Shower
- Storage
- Upper Level
- Washer Hookup
Other AmenitiesBasement, Water View

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22 Penobscot StreetOrono, ME 04473Price: $325,000

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