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Colleen Lundgren, M.S.

colleen@colleenlundgren.com +1(207) 671-6026

Listed by Scott Thomas Maine Discount Realty

$ 392,500

Est. payment | -/mo

4 Beds

4 Baths

2,940 SqFt

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$ 392,500

Est. payment | -/mo

Save Virtual Tour

4 Beds

4 Baths

2,940 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,940 sqft

Price per Sqft $133

MLS Listing ID 1679538

Bedrooms 4

Full Baths 3

Half Baths 1

HOA Y/N No

Year Built 1830

Tax Year 2025

Lot Size 0.760 Acres

Acres 0.76

Property Sub-Type Single Family Residence

Source Maine Listings

Land Area 2940

Property Description

A rare opportunity to restore and reimagine a classic Main Street Colonial in the heart of Orono. Set on an unusually spacious ¾-acre in-town lot with approximately 150 feet of road frontage, this four-bedroom, 2.5-bath home offers ample off-street parking, hot-water baseboard heat, and a new roof installed in 2025. Currently leased through June 2027 and registered with the town, the property has an excellent rental history and offers immediate income with exciting possibilities for the future. Continue its use as an investment property or thoughtfully renew it as a distinctive owner-occupied home after the existing lease ends. The house needs TLC, but its traditional character, generous lot, and central location provide a wonderful foundation for preservation-minded buyers who appreciate the value of restoring an older home. Priced well below its tax-assessed value, this is an opportunity to bring new life to a Main Street property and help preserve the architectural character of downtown Orono. Property is currently leased through May 2027. Showings will be very limited, buyers must be pre-qualified, and seller's broker will be present.

Location

State ME

County Penobscot

Zoning MDR

Rooms

Other Rooms Barn(s)

Basement Bulkhead, Interior Entry, Full, Unfinished

Interior

Interior Features 1st Floor Bedroom, Bathtub, Shower

Heating Gas Natural, Baseboard, Zoned, Radiator

Cooling None

Flooring Carpet, Vinyl, Ceramic Tile, Hardwood, Linoleum

Furnishings Unfurnished

Fireplace No

Appliance Dishwasher, Dryer, Electric Range, Refrigerator, Washer

Laundry Main Level

Exterior

Parking Features Gravel, Paved, 5 - 10 Spaces, On Site, Off Street, Storage

Garage Spaces 2.0

Waterfront Description Dock,Lake/Fresh Water,Nearby,Public

View Trees/Woods

Roof Type Fiberglass,Shingle

Porch Porch

Garage Yes

Building

Lot Description Intown, Near Country Club, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Shopping Mall, Level, Sidewalks, Landscaped, Wooded, Near Public Transit

Entry Level Multi-Level

Foundation Stone, Poured Concrete

Water Public

Architectural Style Colonial, Farmhouse, New Englander

Schools

School District Rsu 26

Others

Tax ID ORON-027004-000000-000021

Special Listing Condition Real Estate Owned

Virtual Tour https://www.propertypanorama.com/instaview/mreis/1679538

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(207) 671-6026

colleen@colleenlundgren.com

63 Federal St, Portland, ME 04101, USA

143 Main ST Orono, ME 04473