$274,900

16 Penobscot St Orono, ME 04473

2 full
1,979 sqft
0.2 acres
House

Property details

About 16 Penobscot St

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.

Highlights

Home typeOther
HeatingZoned, Hot Water, Baseboard
StatusActive
Size1,979 sqft
BasementYes
Lot size0.22 Acres
Year built1900
Parking1 - 4 Spaces, Gravel, Off Street
MLS #1620947
ViewTrees/Woods, Scenic

Virtual tour

Summary

  • Full Bathrooms: 2
  • Basement: Yes
  • Flooring Type: Laminate
  • Interior: 1st Floor Bedroom, Bathtub
  • Attached Garage: No
  • Parking: 1 - 4 Spaces, Gravel, Off Street
  • View: Trees/Woods, Scenic
  • Exterior: Deck
  • Architectural Style: Colonial, New Englander
  • Heating: Zoned, Hot Water, Baseboard
  • Cooling: None
  • List Price: $274,900
  • Annual Tax Amount: $4,320
  • Tax Year: 2023
  • Lot: Open Lot, Level, Neighborhood
  • Year Built: 1900
  • Living Area: 1,979 SqFt
  • Lot Size: 0.22 Acres
  • MLS Number: 1620947
  • MLS Name: Maine Listings
  • Office Name: Signature Group Real Estate
  • Office Phone: (207) 433-0485
  • Office Email: info@mesignaturegroup.com

IDXDisclaimer: Based on information from the Maine Real Estate Information System, Inc. (d/b/a Maine Listings. Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright © 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/5/2025, 12:50:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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$274,900

16 Penobscot St

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Price information

Property sales

DateEventPrice
Apr 19, 2022
Home Sold
$205,000

Tax history

YearAssessmentProperty Tax
2023$184,600$4,320
2022$184,600$4,393
2020$171,900$4,829
2019$171,900$4,547
2018$171,900$4,641

History based on county public records data.

Nearby schools

7

Asa C Adams School

Public District PK-5

0.7 mi

6 Goodridge Dr

3

Old Town Elementary School

Public District KG-5

2.8 mi

576 Stillwater Ave

9

Fruit Street School

Public District PK-3

6.8 mi

175 Fruit St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $38,506. Residents of Orono, ME typically earn less than $<35k each year. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.

How much money do the neighbors make?

47%
<35k
40%
35k-100k
11%
100k-200k
2%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

79%
Single, No Kids
5%
Single, with Kids
12%
Married, No Kids
4%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

4%
<11 yrs old
2%
12-17 yrs old
72%
18-34 yrs old
15%
35-64 yrs old
7%
65+ yrs old

What do the neighbors do for fun?

  • Pro WrestlingPro Wrestling
  • College FootballCollege Football
  • Figure SkatingFigure Skating

Where do the neighbors shop?

  • Family DollarFamily Dollar
  • Wal-MartWal-Mart
  • Express/Express For MenExpress/Express For Men

Where do the neighbors go to eat?

  • Dominos PizzaDominos Pizza
  • SonicSonic
  • Bob EvansBob Evans

What do the neighbors drive?

  • FordFord
  • OldsmobileOldsmobile
  • KiaKia

What do the neighbors listen to?

  • New CountryNew Country
  • Contemporary InspirationalContemporary Inspirational
  • OldiesOldies
All data provided by Home Junction and Claritas

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Frequently asked questions

About 16 Penobscot St

The listing price of 16 Penobscot St property is $274,900.

The property 16 Penobscot St is a house located in Orono, Maine, 04473.

Active Listing: 16 Penobscot St is Active, which means the seller is accepting offers.

The nearby schools for 16 Penobscot St are: Asa C Adams School (GreatSchools Rating 7/10), Old Town Elementary School (GreatSchools Rating 3/10), Fruit Street School (GreatSchools Rating 9/10), Orono Middle School (GreatSchools Rating 7/10), Leonard Middle School (GreatSchools Rating 3/10), Veazie Community School (GreatSchools Rating 5/10), Orono High School (GreatSchools Rating 5/10), Old Town High School (GreatSchools Rating 2/10), Bangor High School (GreatSchools Rating 5/10).

According to the records, the last property tax for 2023 is $4,320 (source: MLS/based on county public records data).

The last sale was on April 19, 2022 for $205,000 (source: MLS/tax record).

The property at 16 Penobscot St has 2 bathrooms.

The property 16 Penobscot St is 1,979 SqFt (source: MLS/tax record).

The year of construction for 16 Penobscot St is 1900.

This home is located at 16 Penobscot St in Orono, ME and zip code 04473. This 1,979 square foot home, which was built in 1900, sits on a 0.22 acre lot. Features: 2 bathrooms. It is currently priced at $274,900.

From Rocket Homes Real Estate and based on county public records data.

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