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  • $253,500

    16 Penobscot Street, Orono, ME 04473

    4beds
    1,979sqft
    Multi Family
    Built in 1900
    -- sqft lot
    $275,200 Zestimate®
    $128/sqft
    $2,174 Estimated rent

    What's special

    Check out this great investment property in Orono featuring off-street parking and a 0.22-acre corner lot with scenic river views. . This 4BR/2BA duplex is a smart addition to any portfolio, currently tenant-occupied and generating income from day one. Each spacious unit offers 2 bedrooms and 1 bath, with bright, comfortable living spaces. The property is well maintained. The spacious, nicely sized backyard is perfect for gardening, entertaining, or simply relaxing outdoors. The yard backs up to active rail tracks, offering a unique backdrop with the occasional passing train adding character and a touch of nostalgia. Whether you're enjoying a quiet evening under the stars or hosting a weekend barbecue, this outdoor space provides both privacy and potential. A great opportunity for buyers looking for value and a distinctive setting! Additional highlights include a durable metal roof and a prime location, conveniently located close to the University of Maine, shopping and dining. Whether you're an investor or looking to offset your mortgage with rental income, this property checks all the boxes. Call today to schedule a time to see this home.

    Zillow last checked: 7 hours ago

    Listing updated: June 30, 2025 at 11:08am

    Listed by:

    Signature Group Real Estate

    Bought with:

    ERA Dawson-Bradford Co.

    Source: Maine Listings,MLS#: 1620947MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Zoned, Hot Water, Baseboard
    Cooling
    • None
    Appliances
    • Laundry: Washer Hookup
    Features
    • 1st Floor Bedroom, Bathtub
    • Flooring: Laminate, Carpet
    • Windows: Double Pane Windows
    • Basement: Interior,Dirt Floor,Partial,Unfinished
    • Has fireplace: No
    Interior area
    • Total structure area: 1,979
    • Total interior livable area: 1,979 sqft
    • Finished area above ground: 1,979
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: 1 - 4 Spaces, Gravel, Off Street
    Features
    • Stories: 2
    • Patio & porch: Deck
    • Has view: Yes
    • View description: Trees/Woods, Scenic
    • Body of water: Penobscot
    Lot
    • Size: 9,583 sqft
    • Features: Open Lot, Level, City Lot, Near Shopping, Neighborhood
    Details
    • Parcel number: ORONM028001L028
    • Zoning: RES
    • Other equipment: Internet Access Available

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Colonial,New Englander
    • Property subtype: Multi Family
    Materials
    • Vinyl Siding, Wood Frame
    • Foundation: Stone, Granite, Other
    • Roof: Metal,Pitched
    Condition
    • Year built: 1900

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Utilities On

    Community & neighborhood

    Location
    • Region: Orono

    Other

    Other facts
    • Road surface type: Paved
    Services availability
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