22 Penobscot Street, Orono, ME 04473

Orono
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
22 Penobscot Street,Orono, ME 04473
$325,000
  • - Beds
  • 3 Baths
  • 3,676 sq. ft.
  • Multi-family
  • Active
Office: era dawson-bradford co.
MLS#:1671578
Source:ME_MREIS

Price summary

  • Price:$325,000
  • Price per sq. ft.:$88.41

About this home

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.

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Home facts

  • Year built:1836
  • Listing ID #:1671578
  • Updated:September 18, 2026 at 10:44 AM

Rooms and interior

  • Total bathrooms:3
  • Full bathrooms:3
  • Flooring:Carpet, Painted/Stained, Vinyl, Wood
  • Bathrooms Description:Bathtub, Shower
  • Bedroom Description:1st Floor Bedroom
  • Basement Description:Bulkhead, Crawl Space, Partial, Unfinished
  • Living area:3,676 sq. ft.

Heating and cooling

  • Heating:Baseboard, Forced Air, Gas Bottled, Heating, Hot Water, K-1/Kerosene, Propane, Zoned

Structure and exterior

  • Roof:Shingle
  • Year built:1836
  • Building area:3,676 sq. ft.
  • Lot area:0.22 Acres
  • Lot Features:Level, Near Public Transit, Near Shopping, Near Town, Near Turnpike/Interstate, Neighborhood, Open Lot, Sidewalks
  • Architectural Style:Colonial
  • Construction Materials:Metal Clad, Wood Frame
  • Foundation Description:Granite

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$325,000
  • Price per sq. ft.:$88.41
  • Tax amount:$5,175 (2025)

Features and amenities

  • Laundry features:Main Level, Upper Level, Washer Hookup
  • Amenities:One-Floor Living, Storage

Parking

  • Parking description:5 - 10 Spaces, Detached, Garage Door Opener, Gravel, On Site
  • Garage:Yes
  • Garage spaces:1
MLS LogoMREIS Multiple Listing Service™ systemListing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved ME_MREIS Member Broker: Christopher Masiello

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