$253,500
SOLD JUN 30, 2025

16 Penobscot St Orono, ME 04473

-- Bed
2 Baths
1,979 Sq Ft
9,583 Sq Ft Lot

Recently Sold

$128 Per Sq Ft

8% Below List Price

5 Days on Market

Highlights

  • Water Views
  • Nearby Water Access
  • Deck
  • Orono Middle School Rated A
  • Colonial Architecture
  • 1-minute walk to Webster Park

About This Home

As of June 2025

Check out this great investment property in Orono featuring off-street parking and a 0.22-acre corner lot with scenic river views. . This 4BR/2BA duplex is a smart addition to any portfolio, currently tenant-occupied and generating income from day one.

Each spacious unit offers 2 bedrooms and 1 bath, with bright, comfortable living spaces. The property is well maintained. The spacious, nicely sized backyard is perfect for gardening, entertaining, or simply relaxing outdoors. The yard backs up to active rail tracks, offering a unique backdrop with the occasional passing train adding character and a touch of nostalgia. Whether you're enjoying a quiet evening under the stars or hosting a weekend barbecue, this outdoor space provides both privacy and potential. A great opportunity for buyers looking for value and a distinctive setting!

Additional highlights include a durable metal roof and a prime location, conveniently located close to the University of Maine, shopping and dining. Whether you're an investor or looking to offset your mortgage with rental income, this property checks all the boxes. Call today to schedule a time to see this home.

Last Agent to Sell the Property

Tammy S. Shari G TammySmith ShariGarland

Signature Group Real Estate Listed on: 05/01/2025

Last Buyer's Agent

Shonne Wright

ERA Dawson-Bradford Co.

ERA Dawson-Bradford Co.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,336

Year Built

  • Built in 1900

Lot Details

  • 9,583 Sq Ft Lot
  • Level Lot
  • Open Lot

Property Views

  • Water
  • Scenic Vista
  • Woods

Home Design

  • Colonial Architecture
  • New Englander Architecture
  • Stone Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 1,979 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 2 Full Bathrooms
  • Bathtub

Unfinished Basement

  • Partial Basement
  • Interior Basement Entry
  • Dirt Floor

Parking

  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Nearby Water Access
  • Deck

Location

  • City Lot

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Electric Water Heater
  • Internet Available

Listing and Financial Details

  • Tax Lot 28
  • Assessor Parcel Number ORON-028001-000000-000028

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $11,350
  • Gross Income $34,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,336

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.22
  • Road Surface Type: Paved
  • Water Body Name: Penobscot
  • MLS Status: Closed
  • Directions: From Main St in Orono take N. Main Ave. Follow to Penobscot Street. Home will be on your left at the corner of N. Main Ave and Penobscot. Sign is up.
  • Above Grade Finished Sq Ft: 1979.0
  • Architectural Style: Colonial, New Englander
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.22
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1979.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Basement:Unfinished: Yes
  • Roof:Metal: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Basement:Partial: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:Stone: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 34500.0
  • Income Expenses Operating Expenses: 11350.39
  • Amenities:Bathtub: Yes
  • Style:Colonial: Yes
  • Basement:Dirt Floor: Yes
  • Roof:Pitched: Yes
  • Recreational Water:Nearby: Yes
  • Driveway:Gravel: Yes
  • View:TreesWoods: Yes
  • Equipment:Internet Access Available: Yes
  • Property Information:Deed Restrictions: Unknown
  • View:Scenic: Yes
  • Foundation Materials:Granite2: Yes
  • Style:New Englander: Yes
  • Building Info:_pound_ Floors3: 2
  • Property Information 2 Detached Houses on 1 Lot: No
  • Heat System:Zoned: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Other Equipment: Internet Access Available
  • Has Basement: Interior, Dirt Floor, Partial, Unfinished
  • Full Bathrooms: 2
  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Interior Amenities: 1st Floor Bedroom, Bathtub
  • Stories: 2
  • Window Features: Double Pane Windows

Exterior Features

  • Lot Features: Open, Level, Intown, Near Shopping, Neighborhood
  • View: Trees/Woods, Scenic
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Stone, Granite, Other
  • Patio And Porch Features: Deck
  • Roof: Metal, Pitched
  • Patio And Porch Features:Deck: Yes
  • Window Features:Double Pane Windows2: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Gravel, Off Street

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Zoned, Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 9583.2
  • Parcel #: ORON-028001-000000-000028
  • Zoning: RES

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 34500.0
  • Annual Operating Expense: 11350.39

Tax Info

  • Tax Annual Amount: 4336.0
  • Tax Book Number: 16681
  • Tax Lot: 28
  • Tax Map Number: 28
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2025
Closed on
Jun 27, 2025
Sold by
Cbcj Enterprises Llc
Bought by
Big Bear Properties Llc
Seller's Agent
Tammy S. Shari G TammySmith ShariGarland
Signature Group Real Estate
Buyer's Agent
Shonne Wright
ERA Dawson-Bradford Co.
List Price
$274,900
Sold Price
$253,500
Premium/Discount to List
-$21,400
-7.78%
Views
6

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
63.83%

Purchase Details

Closed on
Oct 21, 2022
Sold by
Williams Christopher D
Bought by
Cbcj Enterprises Llc

Purchase Details

Listed on
Oct 31, 2021
Closed on
Apr 15, 2022
Sold by
Schlegel Jeffrey A
Bought by
Williams Christopher D
Seller's Agent
Daniel Burpee
Two Rivers Realty, LLC
Buyer's Agent
Burl Brown
Keller Williams Realty
List Price
$219,900
Sold Price
$205,000
Premium/Discount to List
-$14,900
-6.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.36%
Original Mortgage
$153,750
Interest Rate
3.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jun 21, 2017
Closed on
Aug 7, 2017
Sold by
Dickey Richmond C and Dickey Amanda M
Bought by
Schlegel Jeffrey A
Seller's Agent
Philip Sloan
Better Homes & Gardens Real Estate/The Masiello Group
Buyer's Agent
Hilary Gotlieb
Bean Group
List Price
$169,500
Sold Price
$171,000
Premium/Discount to List
$1,500
0.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.93%
Original Mortgage
$128,250
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 2013
Sold by
Dickey Amanda M
Bought by
Dickey 3Rd Richmond C and Dickey Amanda M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,700
Interest Rate
4.52%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 1, 2005
Sold by
Quinn Props Llc
Bought by
Brigalli Amanda M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,800
Interest Rate
6.8%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $253,500 None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Warranty Deed $205,000 None Available
Warranty Deed -- --
Warranty Deed -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $153,750 Purchase Money Mortgage
Previous Owner $128,250 New Conventional
Previous Owner $116,700 Unknown
Previous Owner $122,600 Unknown
Previous Owner $122,800 Adjustable Rate Mortgage/ARM
Previous Owner $30,700 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2025 06/30/25 Sold $253,500 -7.8% $128 / Sq Ft
05/01/2025 05/01/25 For Sale $274,900 +34.1% $139 / Sq Ft
11/05/2022 11/05/22 Off Market $205,000 -- --
04/15/2022 04/15/22 Sold $205,000 -6.8% $91 / Sq Ft
03/01/2022 03/01/22 Pending -- -- --
04/30/2021 04/30/21 For Sale $219,900 +28.6% $97 / Sq Ft
08/03/2017 08/03/17 Sold $171,000 +0.9% $76 / Sq Ft
06/27/2017 06/27/17 Pending -- -- --
06/21/2017 06/21/17 For Sale $169,500 -- $75 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,336 $203,100 $37,000 $166,100
2023 $4,320 $184,600 $33,600 $151,000
2022 $4,393 $184,600 $33,600 $151,000
2021 $4,384 $184,600 $33,600 $151,000
2020 $4,829 $171,900 $38,000 $133,900
2019 $4,547 $171,900 $38,000 $133,900
2018 $4,641 $171,900 $38,000 $133,900
2017 $4,469 $171,900 $38,000 $133,900
2016 $4,272 $171,900 $38,000 $133,900
2015 $4,194 $171,900 $38,000 $133,900
2014 $4,100 $171,900 $38,000 $133,900
2013 $3,988 $171,900 $38,000 $133,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1620947

Maine Listings

APN: ORON-028001-000000-000028