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.
Closed
$253,500
16 Penobscot Street, Orono, ME 04473
4beds
1,979sqft
Multi Family
Built in 1900
-- sqft lot
$260,000 Zestimate®
$128/sqft
$1,600 Estimated rent
Home value
$260,000
$213,000 - $304,000
$1,600/mo
Zestimate® history
Owner options
List your home for rent
$1,600/mo
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$1,600/mo
Rent Zestimate®
Refinance and save
$1,298/mo
Est. payment
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$1,298/mo
Est. payment
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List your homeWhat's special
Scenic river viewsSpacious nicely sized backyardPrivacy and potentialSpacious unitBright comfortable living spacesOff-street parking
Zillow last checked:
Listing updated:
Listed by:
Signature Group Real Estate
Bought with:
ERA Dawson-Bradford Co.
Source: Maine Listings,MLS#: 1620947
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard, Hot Water, Zoned
Cooling
- None
Features
- 1st Floor Bedroom, Bathtub
- Flooring: Carpet, Laminate
- Windows: Double Pane Windows
- Basement: Interior Entry,Dirt Floor,Partial,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 1,979
- Total interior livable area: 1,979 sqft
- Finished area above ground: 1,979
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel, 1 - 4 Spaces, Off Street
Features
- Stories: 2
- Patio & porch: Deck
- Has view: Yes
- View description: Scenic, Trees/Woods
- Body of water: Penobscot
Lot
- Size: 9,583 sqft
- Features: City Lot, Near Shopping, Neighborhood, Level, Open Lot
Details
- Parcel number: ORONM028001L028
- Zoning: RES
- Other equipment: Internet Access Available
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial,New Englander
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Foundation: Stone, Granite, Other
- Roof: Metal,Pitched
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On
Community & neighborhood
Location
- Region: Orono
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/30/2025 | Sold | $253,500-7.8%$128/sqft |
Source:  Maine Listings #1620947 Report a problem | ||
| 5/7/2025 | Contingent | $274,900$139/sqft |
Source: Maine Listings #1620947 Report a problem | ||
| 5/1/2025 | Listed for sale | $274,900+34.1%$139/sqft |
Source: Maine Listings #1620947 Report a problem | ||
| 4/15/2022 | Sold | $205,000-2.3%$104/sqft |
Source: Maine Listings #1489691 Report a problem | ||
| 4/4/2022 | Pending sale | $209,900$106/sqft |
Source: Maine Listings #1489691 Report a problem | ||
| 3/1/2022 | Contingent | $209,900$106/sqft |
Source: Maine Listings #1489691 Report a problem | ||
| 10/28/2021 | Price change | $209,900-2.3%$106/sqft |
Source: Maine Listings #1489691 Report a problem | ||
| 6/9/2021 | Price change | $214,900-2.3%$109/sqft |
Source: Maine Listings #1489691 Report a problem | ||
| 4/30/2021 | Listed for sale | $219,900+28.6%$111/sqft |
Source:  Maine Listings #1489691 Report a problem | ||
| 8/3/2017 | Sold | $171,000$86/sqft |
Source: Maine Listings #1313174 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,336 +0.4% | $203,100 +10% |
| 2023 | $4,320 -1.7% | $184,600 |
| 2022 | $4,393 +0.2% | $184,600 |
| 2021 | $4,384 | $184,600 |
| 2020 | $4,384 -3.6% | $184,600 +7.4% |
| 2019 | $4,547 -2% | $171,900 |
| 2018 | $4,641 +3.8% | $171,900 |
| 2017 | $4,469 +4.6% | $171,900 |
| 2016 | $4,272 +1.9% | $171,900 |
| 2015 | $4,194 +2.3% | $171,900 |
| 2014 | $4,100 | $171,900 |
Find assessor info on the county website
Neighborhood: 04473
Nearby schools
GreatSchools rating
- 9/10Asa C Adams SchoolGrades: PK-5Distance: 0.7 mi
- 9/10Orono Middle SchoolGrades: 6-8Distance: 0.6 mi
- 7/10Orono High SchoolGrades: 9-12Distance: 0.9 mi
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- Maine
- Penobscot County
- Orono
- 04473
- 16 Penobscot Street
Nearby cities
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