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    7 Forest Ave Orono, ME 04473

    For Sale
    $249,900

    MULTI_FAMILY - Colonial - Orono, ME

    Property size:
    4,104 SF
    Lot size:
    0.33 Acres
    Days on Market:
    45
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 7 Forest Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Village Commercial
    Rooms
    Bathroom 4, Bathroom 1, Bathroom 3, Basement, Bathroom 2
    Basement
    Full, Unfinished
    Size
    4,104 SF
    Lot size
    0.33 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating), Baseboard
    Water source
    Public

    Building Details

    Year built
    1830
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Carpet, Vinyl, Wood
    Building materials
    Vinyl Siding, Wood Frame
    Roof type
    Metal
    Architectural style
    Colonial

    ERA Dawson Bradford Co., Realtors (207) 947-6788 [email protected]

    Listing agent Marianna Reeves (207) 947-6788

    Listing date Oct 22, 2025

    MLS# 1639031 Listing URL

    Copyright © 2025 Maine Real Estate Information System, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Orono Duplex with Commercial Zoning

    Located in the heart of Orono, this 4,104 square foot duplex offers an opportunity with its Village Commercial zoning. The property is situated on a 0.33-acre lot. Each unit provides 2,052 square feet of living space, featuring a complete kitchen, family room, den, and three bedrooms. One side includes a full bath and two half baths, while the other has a full bath upstairs. The property is located minutes from the University of Maine campus. A large multi-story barn with a workshop area and a spacious attic offer options for expansion or hobbies. The location provides walking access to municipal offices, restaurants, pubs, shops, and running trails along the river. The property requires renovation and TLC.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Nail Salon Building Supply Gym & Fitness Wholesale Shop Skin Care Clinic Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Orono
    County
    Penobscot
    State
    Maine
    Longitude
    -68.673334
    Latitude
    44.883494

    FAQs

    What type of property is this?
    Duplex - Spacious duplex in Orono's heart, zoned commercial, near University of Maine.
    Where is this duplex located?
    The property is located at 7 Forest Ave Orono, ME.
    What is the asking price?
    The asking price for this property is $249,900.
    What are key features of this property?
    This property features: - Prime commercial zoning in the heart of Orono village offers maximum flexibility.; - Located minutes from the University of Maine flagship campus, ideal for student rentals.; - Expansive 4,104 sq. ft. duplex with two units, each featuring 2,052 sq. ft. of living space.
    (207) 947-6788
    Request Owner's contact information
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    Orono, ME 04473
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7 Forest Ave Orono, ME 04473
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