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  • Price cut: $2K (9/28)
    $543,000

    117 Mill Street, Orono, ME 04473

    6beds
    4,560sqft
    : 
    $4,026/mo
    Get pre-qualified
    Multi Family
    Built in 1910
    -- sqft lot
    $-- Zestimate®
    $119/sqft
    $-- HOA

    What's special

    Updated heating systemsAmple on-site parking
    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.
    91 days
    346
    13

    Zillow last checked:

    Listing updated:

    Listed by:

    ERA Dawson-Bradford Co.

    Source: Maine Listings,MLS#: 1669977MLS Logo

      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

      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

        DateEventPrice
        9/28/2026Price change$543,000-0.4%$119/sqft
        Source: Maine Listings #1669977 Report a problem
        9/18/2026Price change$545,000-0.9%$120/sqft
        Source: Maine Listings #1669977 Report a problem
        8/10/2026Price change$549,900-8.3%$121/sqft
        Source: Maine Listings #1669977 Report a problem
        7/21/2026Price change$599,900-3.2%$132/sqft
        Source: Maine Listings #1669977 Report a problem
        7/2/2026Listed for sale$619,900$136/sqft
        Source: Maine Listings #1669977 Report a problem

        Public tax history

        YearProperty taxesTax 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

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 04473

        Getting around

        65 / 100
        Somewhat Walkable
        52 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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