Coldwell Banker Home Page
Local Realty Service Provided By: Coldwell Banker Yorke Realty
Property view
Listing view 2
Listing view 3

16 Penobscot Street, 
Orono, ME 04473

$274,900


Bed


2

Baths


1,979

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Tammy Smith Shari Garland

Signature Group Real Estate

Last updated:

May 5, 2025, 01:15 PM

MLS#

1620947

Source:

ME MREIS

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

Last Updated:

May 5, 2025, 01:15 PM


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.

MLS Logo
MREIS Multiple Listing Service™ system Listing 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. © 2023 Maine Real Estate Information System, Inc. All Rights Reserved

Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

 

Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.