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    • $199,900

    42 Island Avenue, Orono, ME 04473

    5beds
    1,365sqft
    : 
    $1,496/mo
    Get pre-qualified
    Single Family Residence
    Built in 1917
    3,484 Square Feet Lot
    $196,100 Zestimate®
    $146/sqft
    $-- HOA

    What's special

    Positioned close to the University of Maine, 42 Island Avenue presents an appealing opportunity for buyers exploring the college rental market. Its convenient Orono location puts campus, downtown dining, shops, and local favorites within easy reach, bringing together the everyday conveniences that can help a rental property stand out. For investors looking to establish or expand a rental portfolio, proximity to UMaine is a key draw. Explore the potential for student rental income in a university community, with a location that connects tenants to both campus life and downtown amenities. Orono Brewing Company is nearby, adding to the neighborhood's local appeal as well as a large convenient store at the top of the road. Whether you are considering your first investment property or adding to an existing portfolio, this profitable property deserves a closer look. A convenient location, access to the university, and rental income potential make 42 Island Avenue an opportunity to explore in the Orono market. Lease is up in August of 2027. No vacancy rate due to students finding roommates after Landlord screening and approval.
    17 days
    304
    18

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Better Homes & Gardens Real Estate/The Masiello Group hollytaylor@masiello.com

    Source: Maine Listings,MLS#: 1684495MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 2
      • Full bathrooms: 1
      • 1/2 bathrooms: 1
      Bedroom 1
      • Level: First
      Bedroom 2
      • Level: Second
      Bedroom 3
      • Level: Second
      Bedroom 4
      • Level: Second
      Bedroom 5
      • Level: Second
      Kitchen
      • Level: First
      Living room
      • Level: First
      Heating
      • Forced Air
      Cooling
      • Heat Pump
      Appliances
      • Included: Dryer, Electric Range, Refrigerator, Washer
      Features
      • 1st Floor Bedroom, Bathtub, Shower
      • Flooring: Laminate, Vinyl, Wood
      • Basement: Interior Entry,Dirt Floor,Full,Unfinished
      • Has fireplace: No
      Interior area
      • Total structure area: 1,365
      • Total interior livable area: 1,365 sqft
      • Finished area above ground: 1,365
      • Finished area below ground: 0

      Property

      Parking
      • Parking features: Paved, 1 - 4 Spaces
      Features
      • Levels: Multi/Split
      Lot
      • Size: 3,484 Square Feet
      • Features: City Lot, Near Country Club, Near Golf Course, Near Turnpike/Interstate, Near Town, Open Lot
      Details
      • Parcel number: ORONM027004L089
      • Zoning: MDR

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Colonial
      • Property subtype: Single Family Residence
      Materials
      • Wood Frame, Vinyl Siding
      • Roof: Shingle
      Condition
      • Year built: 1917

      Utilities & green energy

      • Electric: Circuit Breakers
      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Location
      • Region: Orono

      Financial & listing details

      • Price per square foot: $146/sqft
      • Tax assessed value: $145,300
      • Annual tax amount: $3,154
      • Date on market: 10/30/2026
      • Road surface type: Paved

        Estimated market value

        $196,100

        $186,000 - $206,000

        $3,092/mo

        Price history

        DateEventPrice
        10/30/2026Listed for sale$199,900$146/sqft
        Source: Maine Listings #1684495 Report a problem
        10/24/2026Pending sale$199,900$146/sqft
        Source: Maine Listings #1684495 Report a problem
        10/15/2026Listed for sale$199,900+37.6%$146/sqft
        Source: Maine Listings #1684495 Report a problem
        7/1/2021Sold$145,300+107.6%$106/sqft
        Source: Maine Listings #1491103 Report a problem
        7/6/2016Sold$70,000$51/sqft
        Source: Maine Listings #1246883 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$3,102 +0.4%$145,300 +10%
        2023$3,091 -1.7%$132,100
        2022$3,144 +0.2%$132,100
        2021$3,137 $132,100
        2020$3,137 +34%$132,100 +49.3%
        2019$2,341 -2.1%$88,500
        2018$2,390 +3.9%$88,500
        2017$2,301 +4.6%$88,500
        2016$2,199 +1.9%$88,500
        2015$2,159 +2.3%$88,500
        2014$2,111 $88,500
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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.
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        Climate risks

        Neighborhood: 04473

        Getting around

        24 / 100
        Car-Dependent
        29 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

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