Active

$325,000

22 Penobscot Street, Orono, ME 04473

5beds

3,676sqft

$2,277/mo

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Multi Family

Built in 1836

-- sqft lot

$317,500 Zestimate^®

$88/sqft

$-- HOA

What's special

In-unit laundry

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.

50 days
370
22

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 3
Full bathrooms: 3

Heating

Baseboard, Forced Air, Hot Water, Zoned

Cooling

None

Features

1st Floor Bedroom, Attic, Bathtub, One-Floor Living, Shower, Storage
Flooring: Carpet, Vinyl, Wood, Painted/Stained
Basement: Bulkhead,Crawl Space,Partial,Unfinished

Interior area

Total structure area: 3,676
Total interior livable area: 3,676 sqft
Finished area above ground: 3,676
Finished area below ground: 0

Property

Parking

Total spaces: 1
Parking features: Gravel, 5 - 10 Spaces, On Site, Garage Door Opener, Detached
Garage spaces: 1

Features

Stories: 2
Has view: Yes
View description: Scenic
Body of water: Penobscot River

Lot

Size: 9,583 Square Feet
Features: Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Level, Open Lot, Sidewalks

Details

Parcel number: ORONM020003L082
Zoning: Residential

Construction

Type & style

Home type: MultiFamily
Architectural style: Colonial
Property subtype: Multi Family

Materials

Wood Frame, Metal Clad
Foundation: Granite
Roof: Shingle

Condition

Year built: 1836

Utilities & green energy

Electric: Circuit Breakers, Fuses
Sewer: Public Sewer
Water: Public

Green energy

Energy efficient items: Ceiling Fans

Community & HOA

Location

Region: Orono

Financial & listing details

Price per square foot: $88/sqft
Tax assessed value: $242,400
Annual tax amount: $5,175
Date on market: 7/13/2026
Road surface type: Paved

Estimated market value

$317,500

$302,000 - $333,000

$1,593/mo

Price history

Date	Event	Price
7/13/2026	Listed for sale	$325,000+60.9%$88/sqft
Source: Maine Listings #1671578 Report a problem
8/26/2022	Sold	$202,000+1.5%$55/sqft
Source: Maine Listings #1536254 Report a problem
8/12/2022	Pending sale	$199,000$54/sqft
Source: Maine Listings #1536254 Report a problem
7/18/2022	Contingent	$199,000$54/sqft
Source: Maine Listings #1536254 Report a problem
7/13/2022	Listed for sale	$199,000$54/sqft
Source: Maine Listings #1536254 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$5,175 +0.4%	$242,400 +10.1%
2023	$5,153 -1.7%	$220,200
2022	$5,241 +0.2%	$220,200
2021	$5,230	$220,200
2020	$5,230 +34.9%	$220,200 +50.2%
2019	$3,878 -2%	$146,600
2018	$3,958 +3.8%	$146,600
2017	$3,812 +4.6%	$146,600
2016	$3,643 +1.8%	$146,600
2015	$3,577 +2.3%	$146,600
2014	$3,496 +2.8%	$146,600
2013	$3,401 +7.4%	$146,600
2012	$3,167 +16.9%	$146,600 +12.3%
2010	$2,710	$130,600