3 Park Street, Orono, ME 04473
MULTI_FAMILY - Cape Cod - Orono, ME
- Added:
- May 13, 2026
- Days on Market:
- 50
- Last Refresh:
- Jul 1 at 12:06 pm
Property Features for 3 Park Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MDR
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Basement
- Parking features
- Off Street
- Interior features
- 1st Floor Bedroom, Shower
- Basement
- Full, Unfinished, Walk-Out Access, Sump Pump
- Standard status
- Active
- Size
- 1,656 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 3676
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Oil
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Carpet
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Cape Cod
Listing agent Daniel Burpee (207) 735-5337
Listing office Two Rivers Realty, LLC 169 U.S. Route 1, Bucksport, ME (207) 469-9930
Listing date May 13, 2026
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Duplex in downtown Orono with 1 two‑bedroom unit and 1 three‑bedroom unit
- Fully occupied duplex with consistently strong rental history, according to public remarks
- Off‑street parking plus basement laundry facilities
- Year built 1920; Cape Cod architectural style
- Public utilities: public water and public sewer
- Forced‑air heating with oil; wood‑frame construction with vinyl siding; shingle roof
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.9k | $13.80 |
| − Vacancy | −$1.2k | −$0.71 |
| EGI | $21.7k | $13.09 |
| − OpEx | −$6.5k | −$3.93 |
| NOI | $15.2k | $9.16 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Orono
- County
- Penobscot
- State
- Maine
- Longitude
- -68.669051
- Latitude
- 44.887674
