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    Orono, ME
    Residential

    Orono, ME Residential Land & Home Lots for Sale

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    Development Site Near University of Maine
    Updated: Jun 11
    Development Site Near University of Maine

    Park Street, Orono, ME 04773

    $750,000
    4.58 AC lot
    Development site for 30 spacious 2‑3BR units in a high‑demand rental market.
    Prime location adjacent to the University of Maine, offering exceptional proximity.
    Site is ideally suited for townhouse‑style apartments.
    Strong rental market fundamentals due to student population.
    Scalable ±4.6‑acre site allows for a cohesive townhome community.
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    Riverside Development Land
    Updated: Jul 18
    Riverside Development Land

    Margin Street, Orono, ME 04473

    $79,900
    1.49 AC lot
    1.49+/- acre lot set on the scenic Penobscot River in Orono, Maine
    Approximately 375 feet of river frontage with waterfront feature described as a stream
    Approximately 450 feet of road frontage and access via an existing driveway
    Private water source and private sewer
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    Orono, ME
    Orono, ME

    Lots 3 & 5 Grant Road, Orono, ME 04473

    $56,000
    8.33 AC lot

    Land · 8.33 Acres

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Orono Development Site Opportunity
    Orono Development Site Opportunity

    00 Park Street, Orono, ME 04773

    $750,000
    4.60 AC lot

    4.6-acre development site near the University of Maine.

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    Land, Orono, ME
    Land, Orono, ME

    Grant Road lot: 14, Orono, ME 04473

    $59,000
    1.98 AC lot

    Land · 1.98 Acres

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    Land, Orono, ME
    Land, Orono, ME

    Grant Road lot: 12, Orono, ME 04473

    $59,000
    1.99 AC lot

    Land · 1.99 Acres

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    Land, Orono, ME
    Land, Orono, ME

    Merritt Drive, Orono, ME 04473

    $99,900
    4.20 AC lot

    Land · 4.20 Acres

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    Vacant Land
    Vacant Land

    35 Lots 3 & 5 Grant Rd, Orono, ME 04473

    $56,000

    Residential land & home lots

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    Land
    Land

    30 Island Ave, Orono, ME 04473

    Contact for pricing

    Residential land & home lots

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    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 9 Active listings in Orono, ME, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Approved Active Adult Development Land
    Approved Active Adult Development Land

    Bradley Road lot: 00, Milford, ME 04461

    $1,375,000
    55.00 AC lot

    Approved land for a 55+ active adult duplex development with infrastructure and permitting in place for phased construction.

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    Approved Active Adult Development Land
    Approved Active Adult Development Land

    Lot 00 Bradley Road, Milford, ME 04461

    $1,375,000
    55.00 AC lot

    Approved 142-unit 55+ active adult project with 40 duplex sites phase complete and city water, sewer, and paved roads in place.

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    Glenburn Land Prime for Development
    Glenburn Land Prime for Development

    Map 1 L2 Union Street, Glenburn, ME 04401

    $236,500
    23.00 AC lot

    23 acres of land prime for development in Glenburn, Maine.

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    Residential Lake-View Land Lot
    Residential Lake-View Land Lot

    109 Sandy Beach Road, Glenburn, ME 04401

    $69,000
    0.35 AC lot

    Residential lot with existing well and septic, offering scenic Pushaw Lake views and nearby public boat landing access.

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    Orono, ME Residential Land & Home Lots Market Trends and Statistics

    Explore 9 residential land & home lots for sale in Orono, ME, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 1,183,525 square feet of properties for sale, with an estimated market value of $1,909,800.

    Sale prices for home sites in Orono, ME start at $56,000, averaging $238,725, and reaching up to $750,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Residential land & home lots 5
    Commercial land 3
    Industrial land 3
    Waterfront Land 1

    Demographics Overview

    Population 12K
    Population Growth (5Y) +2.9%
    Median Household Income $58,893

    High-Yield Neighborhoods for Investment

    Identify Orono submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    Orono - 04473 $70.8K
    Saint David - 04773 $900K

    Taxes & Financing

    Tax Rate (average for all types) 2.34%
    Property Tax per SF $41.89 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Penobscot County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Penobscot County

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    Office

    Residential Income

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    Popular Searches in Orono, ME

    Most Searched ZIP Codes in Orono, ME

    • 04473
    • 04773

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