ORONO, Maine — PRICE REDUCED! Multi-Use Investment Opportunity Take advantage of a versatile investment opportunity in a convenient Orono location. Situated on Mill Street, this vacant three-story property offers a rare combination of flexibility, visibility, and potential for an investor, owner-occupant, or developer. The building's vacant status provides the freedom to move forward with your own plans—whether updating, leasing, occupying, or repositioning the property to meet current market demand. With potential for a variety of residential, office, and commercial uses, subject to local approvals, the possibilities are wide open. Recent improvements, including updated heating systems and a reinforced foundation, add to the property's long-term appeal. Residential units feature in-unit washer and dryer connections, while one unit is being offered furnished, creating additional flexibility for either short- or long-term rental opportunities. The property also includes a garage and ample on-site parking, providing convenience for tenants, customers, or a variety of mixed-use configurations. Public transportation access and the Mill Street location further enhance accessibility. Located close to downtown Orono, the property is convenient to local restaurants, shops, services, and recreation. The nearby University of Maine adds another layer of appeal and potential demand for both residential and commercial space. Whether you are looking to expand your investment portfolio, establish your own business location, or explore a redevelopment opportunity, this multi-use property offers flexibility and potential in one of the area's most desirable communities. Easy to show—come see the many possibilities.
Active
Price cut: $2K (9/28)
$543,000
117 Mill Street, Orono, ME 04473
6beds
4,560sqft
Multi Family
Built in 1910
-- sqft lot
$-- Zestimate®
$119/sqft
$-- HOA
What's special
Updated heating systemsAmple on-site parking
- 91 days
- 346
- 13
Zillow last checked:
Listing updated:
Listed by:
ERA Dawson-Bradford Co.
Source: Maine Listings,MLS#: 1669977
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard, Hot Water, Zoned
Cooling
- None
Features
- Flooring: Carpet, Vinyl
- Basement: Interior Entry,Full,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 4,560
- Total interior livable area: 4,560 sqft
- Finished area above ground: 4,560
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Paved, 5 - 10 Spaces, On Site, Detached
- Garage spaces: 1
Features
- Levels: Multi/Split
- Stories: 3
Lot
- Size: 0.25 Acres
- Features: Near Shopping, Suburban, Level, Open Lot, Sidewalks
Details
- Additional structures: Outbuilding
- Parcel number: ORONM027012L043
- Zoning: HDR
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Masonry, Stucco, Vinyl Siding
- Foundation: Stone, Poured Concrete
- Roof: Membrane
Condition
- Year built: 1910
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Orono
Financial & listing details
- Price per square foot: $119/sqft
- Tax assessed value: $394,700
- Annual tax amount: $11,370
- Date on market: 7/2/2026
Estimated market value
Not available
Estimated sales range
Not available
$1,789/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/28/2026 | Price change | $543,000-0.4%$119/sqft |
Source: | ||
| 9/18/2026 | Price change | $545,000-0.9%$120/sqft |
Source: | ||
| 8/10/2026 | Price change | $549,900-8.3%$121/sqft |
Source: | ||
| 7/21/2026 | Price change | $599,900-3.2%$132/sqft |
Source: | ||
| 7/2/2026 | Listed for sale | $619,900$136/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $8,427 +0.4% | $394,700 +10% |
| 2023 | $8,394 -1.7% | $358,700 |
| 2022 | $8,537 +0.2% | $358,700 |
| 2021 | $8,519 | $358,700 |
| 2020 | $8,519 +62.1% | $358,700 +80.5% |
| 2019 | $5,256 -2% | $198,700 |
| 2018 | $5,365 +3.9% | $198,700 |
| 2017 | $5,166 +4.6% | $198,700 |
| 2016 | $4,938 +1.9% | $198,700 |
| 2015 | $4,848 +2.3% | $198,700 |
| 2014 | $4,739 | $198,700 |
Find assessor info on the county website
Monthly payment
Est. payment






