Active

Price cut: $7.1K (8/3)

$269,900

3 Park Street, Orono, ME 04473

5beds

1,656sqft

$1,998/mo

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Multi Family

Built in 1920

-- sqft lot

$255,500 Zestimate^®

$163/sqft

$-- HOA

What's special

Ample off-street parkingBasement laundry facilities

Located in the heart of downtown Orono, this spacious duplex presents an outstanding investment opportunity with strong rental history and consistent occupancy. The property features one 2-bedroom unit and one generously sized 3-bedroom unit. Ideally situated just minutes from University of Maine, the property offers convenient access to campus, local restaurants, shopping, and all downtown amenities. Additional highlights include ample off-street parking, basement laundry facilities, and a fully occupied status, making this a turnkey investment.

138 days
429
21

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 2
Full bathrooms: 2

Heating

Forced Air

Cooling

None

Features

1st Floor Bedroom, Shower
Flooring: Carpet, Vinyl
Basement: Interior Entry,Walk-Out Access,Full,Sump Pump,Unfinished
Has fireplace: No

Interior area

Total structure area: 1,656
Total interior livable area: 1,656 sqft
Finished area above ground: 1,656
Finished area below ground: 0

Video & virtual tour

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Property

Parking

Parking features: Gravel, 5 - 10 Spaces, On Site, Off Street

Features

Stories: 2
Has view: Yes
View description: Trees/Woods

Lot

Size: 8,276 Square Feet
Features: City Lot, Level, Sidewalks

Details

Parcel number: ORONM019004L112
Zoning: MDR
Other equipment: Cable, Internet Access Available

Construction

Type & style

Home type: MultiFamily
Architectural style: Cape Cod
Property subtype: Multi Family

Materials

Wood Frame, Vinyl Siding
Foundation: Poured Concrete
Roof: Shingle

Condition

Year built: 1920

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public

Community & HOA

Location

Region: Orono

Financial & listing details

Price per square foot: $163/sqft
Tax assessed value: $169,300
Annual tax amount: $3,676
Date on market: 5/13/2026
Road surface type: Paved

Estimated market value

$255,500

$243,000 - $268,000

$1,558/mo

Price history

Date	Event	Price
8/3/2026	Price change	$269,900-2.6%$163/sqft
Source: Maine Listings #1662057 Report a problem
5/13/2026	Listed for sale	$277,000+121.6%$167/sqft
Source: Maine Listings #1662057 Report a problem
8/15/2016	Sold	$125,000$75/sqft
Source: Maine Listings #1268225 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$3,615 +0.4%	$169,300 +10%
2023	$3,601 -1.7%	$153,900
2022	$3,663 +0.2%	$153,900
2021	$3,655	$153,900
2020	$3,655 +9.8%	$153,900 +22.2%
2019	$3,330 -2%	$125,900
2018	$3,399 +3.8%	$125,900
2017	$3,273 +4.6%	$125,900
2016	$3,129 +32.4%	$125,900 +29.9%
2015	$2,364 +2.3%	$96,900
2014	$2,311	$96,900