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    Orono, ME
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    Orono, ME Multifamily Properties for Sale

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    Old Town, ME Bradley, ME Milford, ME Bangor, ME Eddington, ME Brewer, ME Glenburn, ME Harmony, ME
    Cape Cod Duplex
    Updated: Jun 11
    Cape Cod Duplex

    3 Park Street, Orono, ME 04473

    $269,900
    1,656 sqft 0.19 AC lot
    One 2‑bedroom unit and one 3‑bedroom unit
    0.19‑acre lot with off‑street parking
    1,656 SF duplex property
    Built in 1920 with Cape Cod architecture
    Basement laundry facilities and bathroom areas
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    This listing looks promising.

    Here's a quick look at some key insights for

    3 Park Street, Orono, ME 04473

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    • Est. Cap Rate

      5.6%
      NOI ÷ price

    • Est. NOI

      $15K
      Annual

    • Price @ 7% Cap

      $217K
      Suggested
    View Property Analytics
    Three-Story Mixed-Use Building
    Updated: Jul 16
    Three-Story Mixed-Use Building

    117 Mill Street, Orono, ME 04473

    $549,900
    9,120 sqft 0.25 AC lot
    9,120‑square‑foot vacant three‑story mixed‑use building
    0.25‑acre parcel with a garage and on‑site parking
    Built in 1910; foundation reinforcement and updated heating systems
    Zoned natural‑gas hot‑water baseboard heating
    Residential units include washer and dryer connections; one unit is furnished
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    3-Unit Triplex with In-Unit Laundry
    3-Unit Triplex with In-Unit Laundry

    22 Penobscot Street, Orono, ME 04473

    $325,000
    3,676 sqft 0.22 AC lot

    Income-producing 3-unit triplex with in-unit laundry, updated mechanicals, and a roof replacement in 2016.

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    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 3 Active listings in Orono, ME, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 2 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Multifamily Property with Fenced Yard
    Multifamily Property with Fenced Yard

    913 Essex Street, Bangor, ME 04401

    $819,900
    3,788 sqft 1.05 AC lot

    Configured for supported living, the property combines extensive common areas with staff offices and updated mechanical systems.

    View details
    Historic Two-Unit Duplex
    Historic Two-Unit Duplex

    371 Main Street, Old Town, ME 04468

    $214,444
    3,168 sqft 0.30 AC lot

    Residential income property with Federal and Colonial detailing, off-street parking, and public utilities.

    View details
    Rehabilitated Duplex with Private Entrances
    Rehabilitated Duplex with Private Entrances

    916 Main Street, Old Town, ME 04468

    $279,900
    1,500 sqft 0.14 AC lot

    Fully rebuilt duplex with updated kitchens, modern bathrooms, and separate entrances for each residence.

    View details
    Multifamily Property with Fenced Yard
    Multifamily Property with Fenced Yard

    913 Essex Street, Bangor, ME 04401

    $819,900
    3,788 sqft 1.00 AC lot

    Group-home configuration includes extensive bedroom, gathering, office, and bathroom space.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Greenbush Land with Septic System
    Greenbush Land with Septic System

    638 Greenfield Road, Greenbush, ME 04418

    $65,000
    2.00 AC lot

    Two-acre lot with well, septic, power, and driveway.

    View details
    Partially Cleared Lot in Lagrange
    Partially Cleared Lot in Lagrange

    Country Lane, Lagrange, ME 04453

    Contact for pricing
    1.73 AC lot

    1.73 acre lot suitable for mobile homes, near trails.

    View details

    Orono, ME Multifamily Properties Market Trends and Statistics

    Explore 3 multifamily properties for sale in Orono, ME, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 14,452 square feet of properties for sale, with an estimated market value of $1,144,800.

    Sale prices for multifamily properties in Orono, ME start at $269,900, averaging $381,600, and reaching up to $549,900 — 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

    Duplexes 2
    Triplexes 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
    04473 $450.5K

    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

    Retail

    Office

    Residential Income

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