#1618389, Listing Office: Better Homes & Gardens Real Estate/The Masiello Group
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 Under Contract
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, Carpet
- 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
Disclaimer: 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. 
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/30/2025, 4:20:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$274,900
16 Penobscot St
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 19, 2022 | Home Sold | $205,000 |
Tax history
| Year | Assessment | Property 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.
Neighborhood
The neighbors living near this home have an average income of $38,506. The most common annual income of people living in Orono, ME is less than $<35k. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.
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 Wrestling
College Football
Figure Skating
Where do the neighbors shop?
Family Dollar
Wal-Mart
Express/Express For Men
Where do the neighbors go to eat?
Dominos Pizza
Sonic
Bob Evans
What do the neighbors drive?
Ford
Oldsmobile
Kia
What do the neighbors listen to?
New Country
Contemporary Inspirational- Oldies
All data provided by Home Junction and Claritas
Similar homes for sale
#1617869, Listing Office: Maine Discount Realty
#1617989, Listing Office: NextHome Experience
#1623751, Listing Office: NEBO Realty Firm
#1620885, Listing Office: EXP Realty
#1624072, Listing Office: NextHome Experience
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 Under Contract: 16 Penobscot St is Active Under Contract, there is still a chance to have your real estate agent submit an offer.
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.