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Income-Producing Three-Unit Multifamily

22 Penobscot Street Orono, ME 04473

New

22 Penobscot Street, Orono, ME, 04473

$325,000

For Sale

$325,000

MULTI_FAMILY - Colonial - Orono, ME

Property Size3,676 SF

Lot Size0.22 Acres

Price / SF$88.41

AddedJul 13

Days on Market2

Last RefreshJul 14 at 2:06 pm

Property Features for 22 Penobscot Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: Residential
Bathrooms: 3
Rooms: Bathroom 3, Bathroom 2, Bathroom 1
Parking features: Open
Interior features: 1st Floor Bedroom, Attic, Bathtub, One-Floor Living, Shower, Storage
Basement: Crawl Space, Partial, Unfinished
Standard status: Active
Size: 3,676 SF
Lot size: 0.22 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Annual Amount: 5175

Utilities

Sewer type: Public Sewer
Heating system: Natural Gas, Hot Water(Heating), Zoned, Forced Air, Baseboard, Kerosene, Propane (Heating)
Water source: Public
Water front features: Stream

Building Details

Year built: 1836
Floors in Building: 2
Number of units: 3
Flooring type: Carpet, Painted/stained, Vinyl, Wood
Building materials: Wood Frame, Metal Clad
Roof type: Shingle
Architectural style: Colonial
Additional Structures: Storage

Listing agent Katherine Dawson

Listing office ERA Dawson-Bradford Co. 417 Main Street, Bangor, ME

Listing date Jul 13, 2026

MLS# 1671578 Listing URL

Investment Insights

Based on property information with market context.

Solid income-producing three-unit multifamily property on Penobscot Street in Orono. The home features updates including a new heating and hot-water boiler installed in 2024, a roof replacement in 2016, all-new toilets, updated plumbing, and a new sewer line. Each of the three units includes its own in-unit laundry.

The property is located just minutes from the bus line, Webster Park, and the University of Maine, with water views of the Penobscot River.

The unit mix consists of two two-bedroom units and one one-bedroom unit, providing flexibility for an owner-occupant or an investor seeking rental income across all three units. Zoning is listed as Residential.

Key Highlights

Income‑producing 3‑unit on Penobscot Street in Orono
Mechanical and exterior updates include a new heating and hot‑water boiler (2024) and a roof replacement (2016)
Each unit has its own in‑unit laundry

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

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For sale
Triplexes
ME
Orono
04473
22 Penobscot Street

What type of property is this?

Triplex - Three-unit multifamily property on Penobscot Street with in-unit laundry and recent heating, plumbing, and roof updates.

Where is this triplex located?

The property is located at 22 Penobscot Street Orono, ME.

What is the asking price?

The asking price for this property is $325,000.

What are key features of this property?

This property features: Income‑producing 3‑unit on Penobscot Street in Orono; Mechanical and exterior updates include a new heating and hot‑water boiler (2024) and a roof replacement (2016); Each unit has its own in‑unit laundry