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22 Penobscot Street, 
Orono, ME 04473

$325,000

—

Bed

3

Baths

3,676

Sq Ft

Multi-Family

Active

ERA Dawson-Bradford Co.

Last updated:

August 9, 2026, 10:21 AM

MLS#

1671578

Source:

ME MREIS

About This Home

22 Penobscot Street

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.

Home Facts

Multi-Family

3 Baths

Built in 1836

Price Summary

325,000

$88 per Sq. Ft.

MLS #:

1671578

Last Updated:

August 9, 2026, 10:21 AM

Rooms & Interior

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Structure

Structure

Architectural Style:

Colonial

Building Area:

3,676 Sq. Ft.

Year Built:

1836

Lot

Lot Size (Sq. Ft):

9,583

Finances & Disclosures

Finances

Price:

$325,000

Price per Sq. Ft:

$88 per Sq. Ft.

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MREIS 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

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.