Courtesy: ERA Dawson-Bradford Co.
207-947-6788
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.
Courtesy: ERA Dawson-Bradford Co.
207-947-6788
Orono, Maine Multi-Use Investment Opportunity Mill Street, Orono Well-positioned multi-use property offering strong investment potential in a highly accessible Orono location. This vacant three-story building provides flexibility for an owner-investor or operator to establish lease structures, rental rates, and tenant mix based on current market conditions and permitted uses. The property supports a variety of potential configurations, including residential, office, and commercial applications (subject to local approvals). Its vacant condition allows for immediate updates, leasing, or occupancy without existing tenancy constraints, offering a streamlined path for repositioning or redevelopment. Recent improvements include updated heating systems and a reinforced foundation, supporting long-term stability and operational efficiency. Residential units are equipped with in-unit washer and dryer connections, and one unit is offered furnished, providing added flexibility for short- or long-term rental strategies. Located on Mill Street with strong visibility, the property includes a garage on site and ample on-site parking to accommodate tenants, customers, or mixed-use configurations. Public transportation access further enhances convenience and connectivity. The location offers close proximity to downtown Orono amenities, including dining, retail, services, and recreation. The nearby University of Maine supports steady demand drivers for both residential and commercial space, while regional transportation access enhances overall accessibility. This property presents a versatile opportunity for investors, owner-users, or developers seeking a flexible asset with repositioning potential in a strong market environment. Schedule a private showing to explore the possibilities this property offers.
Courtesy: Two Rivers Realty, LLC
207-469-9930
Located in the heart of downtown Orono, this spacious duplex presents an outstanding investment opportunity with strong rental history and consistent occupancy. The property features one 2-bedroom unit and one generously sized 3-bedroom unit. Ideally situated just minutes from University of Maine, the property offers convenient access to campus, local restaurants, shopping, and all downtown amenities. Additional highlights include ample off-street parking, basement laundry facilities, and a fully occupied status, making this a turnkey investment.
Courtesy: ERA Dawson-Bradford Co.
207-947-6788
HUGE PRICE REDUCTION! Distinguished Turnkey Estate Adjacent to UMaine Campus - Orono, ME Discover an exceptional opportunity to own a fully furnished, turn-key compound adjacent to the University of Maine campus. This rare .9-acre property features a beautifully renovated 5-bedroom, 3.5 bath main residence (2018 renovation with premium finishes throughout) plus two authentic log cabins--ideal for rentals, guest housing or storage. Property Highlights: • 5 spacious bedrooms & 3.5 bathrooms in the main house. • Renovated in 2018 with high-end materials and modern design. • Two charming FULLY FURNISHED log cabins with rustic appeal and income potential. • All three buildings offered fully furnished--just bring your keys. • Prime location adjacent to UMaine campus, perfect for faculty, students or short-term guests. • Expansive .9-acre lot offering privacy, convenience and charm. Whether you're seeking a multi-unit investment, a family compound, or a unique blend of luxury and rental income, this property delivers unmatched value and versatility in one of Orono's most desirable locations. ALSO LISTED AS MLS#1643590
Orono is located in Maine. Orono, Maine has a population of 11,481. Orono is less family-centric than the surrounding county with 21.47% of the households containing married families with children. The county average for households married with children is 26.71%.
The median household income in Orono, Maine is $51,233. The median household income for the surrounding county is $55,125 compared to the national median of $69,021. The median age of people living in Orono is 22.5 years.
The average high temperature in July is 79.7 degrees, with an average low temperature in January of 7 degrees. The average rainfall is approximately 42.4 inches per year, with 69.1 inches of snow per year.
