42 Island AVE, Orono, ME 04473
42 Island AVE, Orono, ME 04473
42 Island AVE, Orono, ME 04473
42 Island AVE, Orono, ME 04473
42 Island AVE, Orono, ME 04473
42 Island AVE, Orono, ME 04473
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Colleen Lundgren, M.S.

Colleen Lundgren, M.S.

+1(207) 671-6026
Listed by Holly Taylor Better Homes & Gardens Real Estate/The Masiello Group
$ 199,900
Est. payment | /mo

5 Beds

2 Baths

1,365 SqFt

Save
$ 199,900
Est. payment | /mo
Save

5 Beds

2 Baths

1,365 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,365 sqft

Price per Sqft $146

MLS Listing ID 1684495

Bedrooms 5

Full Baths 1

Half Baths 1

HOA Y/N No

Year Built 1917

Tax Year 2025

Lot Size 3,484 Sqft

Acres 0.08

Property Sub-Type Single Family Residence

Source Maine Listings

Land Area 1365

Property Description

Positioned close to the University of Maine, 42 Island Avenue presents an appealing opportunity for buyers exploring the college rental market. Its convenient Orono location puts campus, downtown dining, shops, and local favorites within easy reach, bringing together the everyday conveniences that can help a rental property stand out. For investors looking to establish or expand a rental portfolio, proximity to UMaine is a key draw. Explore the potential for student rental income in a university community, with a location that connects tenants to both campus life and downtown amenities. Orono Brewing Company is nearby, adding to the neighborhood's local appeal as well as a large convenient store at the top of the road. Whether you are considering your first investment property or adding to an existing portfolio, this profitable property deserves a closer look. A convenient location, access to the university, and rental income potential make 42 Island Avenue an opportunity to explore in the Orono market. Lease is up in August of 2027. No vacancy rate due to students finding roommates after Landlord screening and approval.

Location

State ME

County Penobscot

Zoning MDR

Direction Main Street to Island Ave next to Ledbetter's Convenient Store

Rooms

Basement Interior Entry, Dirt Floor, Full, Unfinished

Interior

Interior Features 1st Floor Bedroom, Bathtub, Shower

Heating Electric, Oil, Forced Air

Cooling Heat Pump

Flooring Laminate, Vinyl, Wood

Furnishings Unfurnished

Fireplace No

Appliance Dryer, Electric Range, Refrigerator, Washer

Laundry Main Level

Exterior

Parking Features Paved, 1 - 4 Spaces

Waterfront Description Nearby

Roof Type Shingle

Garage No

Building

Lot Description Intown, Near Country Club, Near Golf Course, Near Turnpike/Interstate, Near Town, Open Lot

Entry Level Multi-Level

Water Public

Architectural Style Colonial

Others

Tax ID ORON-027004-000000-000089

Maine MLS (MREIS) IDX

Nearby Locations

Colleen Lundgren, M.S.

"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

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42 Island AVE