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$1,499,999

  • For Sale
  • Active
  • Multi-Family
  • 2.35 Acres
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32 UNITS in FIVE Separate buildings located in Millinocket, Maine plus a spare lot for extra parking. Opportunity to expand your real estate holdings, in an area known for its various recreational activities. Live in one of the units while managing the others. All within a two mile radius of each other. Rental amounts for each building with spreadsheet are included in the attachments. All buyers are to sign a confidentiality agreement for detailed financials. (Possible Seller financing available with 20% down payment, For a qualified buyer), Vacant apartments available to increase your cash flow! Add these 32 units to your portfolio.

Full Property Details for 97 Penobscot Ave

General

  • Price: $1,499,999
  • Taxes: $4,888 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MREIS
  • MLS ID: 1620291
  • Updated: 10/6/2025
  • Added to Site: 105 day(s) ago

Interior

  • Flooring: Vinyl, Laminate, Carpet

Parking

  • Parking Features: 11 - 20 Spaces, 21 or More Spaces, 1 - 4 Spaces, 5 - 10 Spaces, Gravel, Paved, On-Site Parking

Location

  • County: Penobscot

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Zoned, Hot Water, Blowers, Baseboard

Utilities

  • Sewer: Septic Tank, Private Sewer, Public Sewer
  • Water: Private, Public
  • Utility Description: Utilities On

Structural Information

  • Architectural Style: Other
  • Construction: Wood Siding, Vinyl Siding, Concrete, Masonry, Wood Frame
  • Roof: Metal, Pitched, Shingle
  • Building Size: 23815
  • Square Feet: 23,815
  • Living Area: 23,815 Sq. Ft.
  • Finished Total: 23,815 Sq. Ft.
  • Finished Above Grnd: 23,815 Sq. Ft.
  • Year Built: 9999

Lot Features

  • Lot Size (Acres): 2.35
  • Lot Size (Sq. Ft.): 102,366
  • Lot Size Source: Public Records
  • Zoning: R14*
  • Lot Description: Other Location, Rolling/Sloping, Open, Level, Sidewalks, Intown, Neighborhood

Water Features

  • Water Front: Yes

Financial Considerations

  • Tax Amount: $4,888
  • Tax Year: 2024

Disclosures and Reports

  • Lot Number: 216*

Listed by ERA Dawson-Bradford Co. (207) 947-6788

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Listing agents

— 97 Penobscot Ave —

  • ERA Dawson-Bradford Co.

    207-947-6788

  • ERA Dawson-Bradford Co.

    207-947-6788

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 97 Penobscot Ave

School District:Millinocket
NameGradesDistance
Granite Street School
191 Granite Street, Millinocket, ME 04462
PK-50.2 mi
Stearns High School
199 State Street, Millinocket, ME 04462
6-120.5 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 97 Penobscot Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/25/2025
Listed
$1,499,999
316.67%
MLS
9/21/2007
Sold
$360,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 97 Penobscot Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,853
-1%
$211,000
19%
2024
$4,888
21%
$177,100
24%
2023
$4,033
7%
$143,000
12%
2022
$3,755
-1%
$127,300
9%
2021
$3,780
1%
$116,300
6%
2020
$3,743
3%
$110,100
—
2019
$3,633
2%
$110,100
—
2018
$3,578
1%
$110,100
—
2017
$3,556
3%
$110,100
—
2016
$3,446
6%
$110,100
—
2015
$3,266
—
$110,100
—
2014
$3,259
-1%
$110,100
—
2013
$3,297
—
$110,100
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 97 Penobscot Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by ERA Dawson-Bradford Co. (207) 947-6788

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97 Penobscot Avenue, Millinocket, ME 04462 (MLS# 1620291) is a Multi-Family property with 0 units containing 0 bedrooms and 0 full bathrooms. 97 Penobscot Avenue is currently listed for $1,499,999 and was received on October 06, 2025. Want to learn more about 97 Penobscot Avenue? Do you have questions about finding other Multi-Family real estate for sale in Millinocket? You can browse all Millinocket real estate or contact a Coldwell Banker agent to request more information.

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