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Property view

16 Penobscot Street, 
Orono, ME 04473

$253,500


—

Bed


2

Baths


1,979

Sq Ft


Multi-Family

Closed

Listed by

Tammy Smith Shari Garland

Bought with ERA Dawson-Bradford Co.

Signature Group Real Estate

207-433-0485

MLS#

1620947

Source:

ME MREIS

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About This Home

16 Penobscot Street

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.

Home Facts

Multi-Family

2 Baths

Built in 1900

Price Summary

274,900

$138 per Sq. Ft.

MLS #:

1620947

Sold:

June 30, 2025


Rooms & Interior

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

1,979 Sq. Ft.


Structure

Structure

Architectural Style:

Colonial, New Englander

Building Area:

1,979 Sq. Ft.

Year Built:

1900


Lot

Lot Size (Sq. Ft):

9,583


Finances & Disclosures

Finances

Price:

$274,900

Price per Sq. Ft:

$138 per Sq. Ft.

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