Estimated payment $2,202/month
Spacious 4-Bed, 2-Bath Home with Bonus Rooms & Income Potential - Just 5 Minutes from UMaine!
Orono, Maine | 4 Bed | 2 Bath | 2 Bonus Rooms | 1.42 Acres | 1,599 Sq Ft
Located just 5 minutes from the University of Maine in Orono, this spacious and versatile home offers strong investment potential, a flexible layout, and a rare 1.42-acre lot. Whether you're looking to expand your rental portfolio or settle into a well-positioned residence, this property has the features and location to deliver.
Property Highlights:
4 Bedrooms & 2 Full Bathrooms: Generous bedroom space ideal for student housing, roommates, or family living.
2 Additional Bonus Rooms: Use as home offices, workout spaces, media rooms, or private study areas — plenty of options to suit your lifestyle or rental setup.
1,599 Sq Ft of Living Space: Functional layout that balances private and communal areas for comfortable everyday use.
Large 1.42-Acre Lot: A rare find in-town with room for outdoor living, privacy, or possible future improvements.
Established Rental Use: Currently utilized as a rental property for UMaine students, offering excellent income potential for investors or owner-occupiers.
Prime Location: Close to campus, downtown Orono, restaurants, and Route 2 — easy access for students, faculty, and professionals alike.
Investment & Lifestyle Options:
Maintain as a reliable college rental with strong demand
Live-in owner setup with space for roommates or family
Whether you're seeking steady rental income or a flexible home base in a thriving university town, this Orono property delivers both opportunity and value.
Schedule your showing today and see the potential for yourself!
Listing Agent
Better Homes & Gardens Real Estate/The Masiello Group Listed on: 07/20/2025
| 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 | $4,998 | $234,100 | $51,200 | $182,900 |
| 2023 | $4,980 | $212,800 | $46,600 | $166,200 |
| 2022 | $5,065 | $212,800 | $46,600 | $166,200 |
| 2021 | $5,054 | $212,800 | $46,600 | $166,200 |
| 2020 | $4,267 | $151,900 | $37,500 | $114,400 |
| 2019 | $4,018 | $151,900 | $37,500 | $114,400 |
| 2018 | $4,101 | $151,900 | $37,500 | $114,400 |
| 2017 | $3,949 | $151,900 | $37,500 | $114,400 |
| 2016 | $3,775 | $151,900 | $37,500 | $114,400 |
| 2015 | $3,706 | $151,900 | $37,500 | $114,400 |
| 2014 | $3,847 | $161,300 | $46,900 | $114,400 |
| 2013 | $3,742 | $161,300 | $46,900 | $114,400 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/22/2025 08/22/25 | Price Changed | $330,000 | -0.9% | $206 / Sq Ft |
| 08/22/2025 08/22/25 | Price Changed | $333,000 | -3.5% | $208 / Sq Ft |
| 08/05/2025 08/05/25 | Price Changed | $345,000 | -2.8% | $216 / Sq Ft |
| 07/20/2025 07/20/25 | For Sale | $355,000 | +36.5% | $222 / Sq Ft |
| 04/01/2024 04/01/24 | Sold | $260,000 | -5.5% | $163 / Sq Ft |
| 03/01/2024 03/01/24 | Pending | -- | -- | -- |
| 02/22/2024 02/22/24 | For Sale | $275,000 | -- | $172 / Sq Ft |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $260,000 | Purchase Money Mortgage | |
| Previous Owner | $151,603 | FHA |
$399,000
Nestled on 1.57 peaceful acres just half a mile from downtown Orono, this 4-bedroom, 2.5-bath home offers the perfect blend of tranquility and convenience—natural surroundings with walkable access to town, schools, and trails.This is a true walking neighborhood—where it's easy to stroll downtown for coffee, bike to school, or head to the river for a swim. Nature and community are both
Evelyn Conrad Realty of Maine
$309,900
Orono living at it's finest! All the privacy in a well wooded lot while also being close to all that Orono village has to offer with the interstate just around the corner. This home features vaulted ceilings and cozy woodstove in the living room, hardwood floors throughout the first level, large mud room and tranquil yard and gardens. A bonus, this property connects to recreational walking trails
Emilie Bronson Blair Better Homes & Gardens Real Estate/The Masiello Group
$299,900
Every detail of this ranch home tells a story of craftsmanship and thoughtful design. Built in 1950 with all the trend-setting features of its era- timeless style and functionality for modern living. There's vintage charm at every turn—twin glass-front cabinets in the dining room, arched doorways, display niches, in-wall ironing board, cedar storage closet and even the original milk delivery
Tara Roy EXP Realty
$259,900
Location is key and this lovely ORONO, cape style, home is move in ready. This home offers 4 bedrooms, and 2 bathrooms. You will appreciate the flexible floor plan with first floor bedroom, bathroom and laundry. Large eat-in kitchen with updated appliances makes for easy meal preparations. This home is located on a dead end street and is a 3+- minute drive to downtown Orono and 5+- minutes to
Michelle Foss NextHome Experience
$310,000
Step back in time with this lovingly maintained 1890 New Englander, rich with historic character. Nestled on a quiet dead-end street, this classic home features original hardwood floors, a wrap around porch and tin ceilings. This 3 bedroom, 2.5 bath home has a large lot in a desirable Orono location and an additional space that can be an income producing 1-bedroom rental with its own entrance.
Megan Schneider Better Homes & Gardens Real Estate/The Masiello Group
$329,000
Single Floor Living in the heart of Orono! This nicely situated ranch boasts .76 AC of lush land and gardens while being in a highly desired location: across the street from Orono schools, a stone's throw to Orono Village's restaurants and charming shops, and a little over a mile to UMaine Campus. With many impressive improvements including newer siding, roof, electric panel, garage doors, a heat
Michelle Wea Amber {Kim} Meagher Shelley ERA Dawson-Bradford Co.
$263,000
LOCATION, LOCATION. A wonderful opportunity to expand your investment portfolio generating income from this well located 4 bedroom home within walking distance of downtown, school/athletic complex and close to UMAINE. Previously rented (2018-2023) making in excess of 2,700 a month, or, take the opportunity of turning into your Orono dream home. Conveniently located within walking distance of,
Susan Lane-Ziegelaar Realty of Maine
$329,000
Ever wanted to put your spin on a classic mid century home? This 2 bedroom, 2.5 bath ranch on Forest Hill Terrace has kept its classic charm and is ready for your vision. In town yet just out of the hustle and bustle, this property is located on a .86 acre lot on a dead end road that leads to Orono Land Trust trails. You'll love being so close to both shopping in Bangor and restaurants in Orono
Katherine Dawson ERA Dawson-Bradford Co.
$324,900
LOCATION-LOCATION!! Well Established Cape-style 3BR/1.5 BATHS. Original Hardwood floors throughout. Large .44 Acre Intown Lot less than 1,000 feet to U-Maine Campus. On BUS Route and just a few steps from a beautiful river public park on the Stillwater River. with walking trails. Enjoy Orono's warm and inclusive community feel with U-Maine in your back yard. Orono Schools are second to
Scott Thomas Maine Discount Realty
Source: Maine Listings
MLS Number: 1631188
APN: ORON-030000-000000-000029
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