Spacious 4-Bed, 2-Bath Home with Bonus Rooms & Income Potential - Just 5 Minutes from UMaine!
Orono, Maine | 4 Bed | 2 Bath | 2 Bonus Rooms | 1.42 Acres | 1,599 Sq Ft
Located just 5 minutes from the University of Maine in Orono, this spacious and versatile home offers strong investment potential, a flexible layout, and a rare 1.42-acre lot. Whether you're looking to expand your rental portfolio or settle into a well-positioned residence, this property has the features and location to deliver.
Property Highlights:
4 Bedrooms & 2 Full Bathrooms: Generous bedroom space ideal for student housing, roommates, or family living.
2 Additional Bonus Rooms: Use as home offices, workout spaces, media rooms, or private study areas — plenty of options to suit your lifestyle or rental setup.
1,599 Sq Ft of Living Space: Functional layout that balances private and communal areas for comfortable everyday use.
Large 1.42-Acre Lot: A rare find in-town with room for outdoor living, privacy, or possible future improvements.
Established Rental Use: Currently utilized as a rental property for UMaine students, offering excellent income potential for investors or owner-occupiers.
Prime Location: Close to campus, downtown Orono, restaurants, and Route 2 — easy access for students, faculty, and professionals alike.
Investment & Lifestyle Options:
Maintain as a reliable college rental with strong demand
Live-in owner setup with space for roommates or family
Whether you're seeking steady rental income or a flexible home base in a thriving university town, this Orono property delivers both opportunity and value.
Schedule your showing today and see the potential for yourself!
Active
Price cut: $10K (8/5)
$345,000
36 Kelley Road, Orono, ME 04473
4beds
1,599sqft
Est.:
Single Family Residence
Built in 1960
1.42 Acres Lot
$337,300 Zestimate®
$216/sqft
$-- HOA
What's special
- 22 days
- on Zillow |
- 1,319 |
- 73 |
Zillow last checked: 7 hours ago
Listing updated: August 05, 2025 at 02:53pm
Listed by:
Better Homes & Gardens Real Estate/The Masiello Group
Source: Maine Listings,MLS#: 1631188

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Bedroom 1
- Level: First
Bedroom 2
- Level: Second
Bedroom 3
- Level: Second
Bedroom 4
- Level: First
Kitchen
- Level: First
Living room
- Level: First
Other
- Level: Second
Other
- Level: First
Heating
- Forced Air
Cooling
- None
Appliances
- Included: Washer, Refrigerator, Microwave, Gas Range, Dishwasher
Features
- Flooring: Other, Laminate, Carpet
- Basement: Interior,Full,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 1,599
- Total interior livable area: 1,599 sqft
- Finished area above ground: 1,599
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: 1 - 4 Spaces, Gravel, On Site, Detached
- Garage spaces: 1
Lot
- Size: 1.42 Acres
- Features: Open Lot, City Lot, Near Turnpike/Interstate
Details
- Parcel number: ORONM030000L029
- Zoning: Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subtype: Single Family Residence
Materials
- Other, Clapboard, Wood Frame
- Roof: Shingle
Condition
- Year built: 1960
Details
- Warranty included: Yes
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Private Sewer
- Water: Public
Community & HOA
Location
- Region: Orono
Financial & listing details
- Price per square foot: $216/sqft
- Tax assessed value: $212,800
- Annual tax amount: $4,998
- Date on market: 7/20/2025
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