Updated Triplex with In-Unit
For Sale
$325,000
22 Penobscot Street, Orono, ME 04473
Three-unit residential property with refreshed systems and convenient access to transit, parks, and the University of Maine.
Property Size3,676 SF
Price / SF$88.41
Days on Market54
Property Features for 22 Penobscot Street
General Information
Standard status
Active
Size
3,676 SF
Property subtype
Multi-family
Lease Term
[]
Units
Unit Mix
2 x 2BR, 1 x 1BR
Multifamily Units
3
Additional Details
Public Transit
Yes
Amenities
in-unit laundry
Building Details
Year Built
1836
Listing Agency:
ERA Dawson-Bradford Co.
Listed By:
Katherine Dawson
(207) 680-3667
Source:
Portsiderealestategroup
Added: Jul 7
Changed: Aug 28
Last Checked: Aug 29 at 10:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ERA Dawson-Bradford Co.
Investment Insights
Based on property information with market context.
This 3,676-square-foot triplex, built in 1836, contains two 2-bedroom residences and one 1-bedroom residence. Each unit includes private in-unit laundry, creating a practical configuration for operating the property as a multi-unit rental or combining occupancy with additional leased units. Major updates include a replacement heating and hot-water boiler completed in 2024, a roof replaced in 2016, new toilets, plumbing improvements, and a new sewer line.
The property is on Penobscot Street in Orono, with water views of the Penobscot River. It is located minutes from the bus line, Webster Park, and the University of Maine. The unit mix and completed system work provide a clearly defined three-residence layout with several recent capital improvements already in place.
The property is on Penobscot Street in Orono, with water views of the Penobscot River. It is located minutes from the bus line, Webster Park, and the University of Maine. The unit mix and completed system work provide a clearly defined three-residence layout with several recent capital improvements already in place.
Key Highlights
- Three‑unit property with two 2‑bedroom units and one 1‑bedroom unit
- 3,676 SF building constructed in 1836
- New heating and hot‑water boiler installed in 2024
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
65
Businesses Nearby
Explore this area
Business Placement
Demographics for 04473, ME
8,070
Population
3,759
Households
2.1
Avg Household Size
28
Median Age
64%
College-Educated
98%
High-School Grad
17.3 sq mi
ZIP Area
466
Density / Sq Mi
$58,893
Median Household Income
$27,016
Median Earnings
$1,146
Median Rent
$217,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with refreshed systems and convenient access to transit, parks, and the University of Maine.
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: Three‑unit property with two 2‑bedroom units and one 1‑bedroom unit; 3,676 SF building constructed in 1836; New heating and hot‑water boiler installed in 2024
