Recently Viewed Properties
See This Home
Save This Listing
Close

$253,500

  • Sold
  • Closed
  • Multi-Family
  • 2 Units
  • 0.22 Acres
See This Home
Save This Home
See This Home
Save This Home
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.

Full Property Details for 16 Penobscot St

General

  • Sold For: $253,500
  • Taxes: $4,336 (2024)
  • Status: Closed
  • Type: Multi-Family
  • Source: MREIS
  • MLS ID: 1620947
  • Added to Site: 294 day(s) ago

Interior

  • Interior Features: 1st Floor Bedroom, Bathtub
  • Flooring: Laminate, Carpet

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Other Rooms

  • Laundry: Washer Hookup

Additional Information

  • Equipment: Internet Access Available

Exterior

  • Porch/Patio/Deck: Deck

Parking

  • Parking Features: 1 - 4 Spaces, Gravel, Off Street

Location

  • County: Penobscot

Community

  • Pets Allowed: Yes

Heating & Cooling

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

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Utilities On

Structural Information

  • Architectural Style: Colonial, New Englander
  • Construction: Vinyl Siding, Wood Frame
  • Roof: Metal, Pitched
  • Windows: Double Pane Windows
  • Stories/Levels: 2
  • Building Size: 1979
  • Square Feet: 1,979
  • Living Area: 1,979 Sq. Ft.
  • Finished Total: 1,979 Sq. Ft.
  • Finished Above Grnd: 1,979 Sq. Ft.
  • Year Built: 1900

Lot Features

  • Property View: Trees/Woods, Scenic
  • Lot Size (Acres): 0.22
  • Lot Size (Sq. Ft.): 9,583.2
  • Lot Size Source: Public Records
  • Zoning: RES
  • Lot Description: Open, Level, Intown, Near Shopping, Neighborhood

Financial Considerations

  • Tax Amount: $4,336
  • Tax Year: 2024

Disclosures and Reports

  • Lot Number: 28

Listed by Signature Group Real Estate (207) 433-0485
Sold by ERA Dawson-Bradford Co. (207) 947-6788

Listing agent

— 16 Penobscot St —

  • Signature Group Real Estate

    207-433-0485

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 16 Penobscot St

School District:Regional School Unit 26
NameGradesDistance
Orono Middle School
10 Goodridge Drive, Orono, ME 04473
6-80.6 mi
Orono High School
14 Goodridge Drive, Orono, ME 04473
9-120.8 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 16 Penobscot St

Date
Details
Price
Change
Source
6/30/2025
Sold
$253,500
-7.78%
MLS
5/01/2025
Listed
$274,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Signature Group Real Estate (207) 433-0485
Sold by ERA Dawson-Bradford Co. (207) 947-6788

Just Listed near 16 Penobscot St

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

25 Hillside Ave, Old Town, ME 04468 - Photo 1 Just Listed
$334,900
Open House

25 Hillside Ave  Old Town, ME 04468

  • Single Family
  • Active
  • Updated 1 day ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,972
    Sq. Ft.
Listed by Keller Williams Realty
59 Carroll St, Old Town, ME 04468 - Photo 1 Just Listed
$249,900

59 Carroll St  Old Town, ME 04468

  • Single Family
  • Active
  • Updated 13 hours ago
  • 4
    Beds
  • 2
    Total Baths
  • 1,578
    Sq. Ft.
Listed by Signature Group Real Estate
42 Howard St, Old Town, ME 04468 - Photo 1 Just Listed
$347,000

42 Howard St  Old Town, ME 04468

  • Single Family
  • Active
  • Updated 2 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,820
    Sq. Ft.
Listed by ERA Dawson-Bradford Co.
32 Nickerson Ln, Milford, ME 04461 - Photo 1 Just Listed
$398,900

32 Nickerson Ln  Milford, ME 04461

  • Single Family
  • Active
  • Updated 6 hours ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,384
    Sq. Ft.
Listed by Realty of Maine

Price Reduced near 16 Penobscot St

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

352 Main Rd, Eddington, ME 04428 - Photo 1 Price Reduced
-$6,000 (-2.45%)
$239,000

352 Main Rd  Eddington, ME 04428

  • Single Family
  • Active
  • Updated 1 day ago
  • 3
    Beds
  • 1
    Total Bath
  • 960
    Sq. Ft.
Listed by EXP Realty
533 Kirkland Rd, Old Town, ME 04468 - Photo 1 Price Reduced
-$4,000 (-0.84%)
$475,000

533 Kirkland Rd  Old Town, ME 04468

  • Single Family
  • Active
  • Updated 1 day ago
  • 4
    Beds
  • 3
    Total Baths
  • 2,577
    Sq. Ft.
Listed by Realty of Maine
1765 Ohio St, Bangor, ME 04401 - Photo 1 Price Reduced
-$41,000 (-14.64%)
$239,000

1765 Ohio St  Bangor, ME 04401

  • Lots/Land
  • Active
  • Updated 6 hours ago
  • 54
    Acres
Listed by NextHome Experience
M33-140 Prospect St, Brewer, ME 04412 - Photo 1 Price Reduced
-$100,000 (-16.69%)
$499,000

M33-140 Prospect St  Brewer, ME 04412

  • Lots/Land
  • Active
  • Updated 11 hours ago
  • 6.91
    Acres
Listed by NextHome Experience

Recent Sales near 16 Penobscot St

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

630 Main St, Bradley, ME 04411 - Photo 1 Sold
$228,800

630 Main St  Bradley, ME 04411

  • Single Family
  • Closed
  • 3
    Beds
  • 1
    Total Bath
  • 1,152
    Sq. Ft.
Listed and Sold by Coldwell Banker American Heritage
828 Main St, Bradley, ME 04411 - Photo 1 Sold
$245,000

828 Main St  Bradley, ME 04411

  • Single Family
  • Closed
  • 4
    Beds
  • 1
    Total Bath
  • 1,452
    Sq. Ft.
Listed by The Maine Real Estate Experience
834 Main St, Bradley, ME 04411 - Photo 1 Sold
$272,000

834 Main St  Bradley, ME 04411

  • Single Family
  • Closed
  • 2
    Beds
  • 1
    Total Bath
  • 1,364
    Sq. Ft.
Listed by NextHome Experience
Sold by Signature Group Real Estate
23 Forest Ave, Orono, ME 04473 - Photo 1 Sold
$258,000

23 Forest Ave  Orono, ME 04473

  • Single Family
  • Closed
  • 4
    Beds
  • 3
    Total Baths
  • 2,008
    Sq. Ft.
Listed by Realty of Maine
Sold by Berkshire Hathaway HomeServices Northeast Real Estate

16 Penobscot Street, Orono, ME 04473 (MLS# 1620947) is a Multi-Family property that was sold at $253,500 on June 30, 2025. Want to learn more about 16 Penobscot Street? Do you have questions about finding other Multi-Family real estate for sale in Orono? You can browse all Orono real estate or contact a Coldwell Banker agent to request more information.