117 & 115 Park Street, Orono, ME 04473

Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
117 & 115 Park Street,Orono, ME 04473
$525,000
  • - Beds
  • 3 Baths
  • 3,385 sq. ft.
  • Multi-family
  • Pending
Listed by: florentina davis
Office: nexthome experience
MLS#:1652214
Source:ME_MREIS

Price summary

  • Price:$525,000
  • Price per sq. ft.:$155.1

About this home

Exceptional income-producing package located just one mile from the University of Maine, offering two fully leased and well-maintained properties in a prime in-town setting. This unique opportunity includes a 2-unit duplex at 117 Park Street (2BR/1BA and 3BR/1BA) along with a 4BR/1BA single-family home at 115 Park Street--ideal for investors seeking strong, consistent cash flow in Orono's high-demand rental market. Extensive capital improvements further enhance long-term value and operational efficiency. At 115 Park Street, updates include a new roof (2024), new boiler (2023), new electrical system (2023), and new appliances (2018). At 117 Park Street, renovations include a complete upstairs gut renovation (2012), full downstairs remodel (2013), new electrical system (2013), new appliances (2013), new vinyl siding and trim (2014), and building envelope upgrades with 1'' foam insulation (2014). These substantial improvements help minimize deferred maintenance and support long-term

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Home facts

  • Year built:1920
  • Listing ID #:1652214
  • Updated:February 23, 2026 at 05:09 PM

Rooms and interior

  • Total bathrooms:3
  • Full bathrooms:3
  • Living area:3,385 sq. ft.

Heating and cooling

  • Heating:Baseboard, Forced Air, Hot Water

Structure and exterior

  • Year built:1920
  • Building area:3,385 sq. ft.
  • Lot area:0.58 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$525,000
  • Price per sq. ft.:$155.1
  • Tax amount:$6,581 (2024)
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