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$325,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 3 Units
  • 0.22 Acres
  • 1 Car Garage
  • Updated 14 hours ago
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Solid, income-producing 3-unit on Penobscot Street in Orono, with the big-ticket updates already done. A new heating and hot-water boiler (2024) and a roof replaced in 2016 headline the improvements, along with all-new toilets, updated plumbing, and a new sewer line -- so the next owner inherits updated mechanicals instead of a deferred-maintenance list. Each of the three units has its own in-unit laundry. The location keeps demand strong: just minutes from the bus line, Webster Park, and the University of Maine, with water views of the Penobscot River. The unit mix -- two 2-bedroom units and a 1-bedroom -- gives you flexibility to occupy one and rent the others or run all three. Updated systems, a proven rental location, and room to optimize rents make this a great portfolio addition.

Full Property Details for 22 Penobscot St

General

  • Price: $325,000
  • Taxes: $5,175 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: MREIS
  • MLS ID: 1671578
  • Updated: 7/13/2026
  • Added to Site: 1 day(s) ago

Interior

  • Interior Features: 1st Floor Bedroom, Attic, Bathtub, One-Floor Living, Shower, Storage
  • Flooring: Carpet, Vinyl, Wood, Painted/Stained

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Other Rooms

  • Laundry: Main Level, Upper Level, Washer Hookup

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Parking Features: Gravel, 5 - 10 Spaces, On-Site Parking, Garage Door Opener, Detached

Location

  • County: Penobscot

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Gas Bottled, K-1/Kerosene, Propane, Baseboard, Forced Air, Hot Water, Zoned

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Colonial
  • Construction: Wood Frame, Metal Clad
  • Basement: Yes
  • Basement Desc.: Bulkhead, Crawlspace, Partial, Unfinished
  • Roof: Shingle
  • Stories/Levels: 2
  • Square Feet: 3,676
  • Finished Total: 3,676 Sq. Ft.
  • Finished Above Grnd: 3,676 Sq. Ft.
  • Year Built: 1836

Lot Features

  • Property View: Scenic
  • Lot Size (Acres): 0.22
  • Lot Size (Sq. Ft.): 9,583.2
  • Zoning: Residential
  • Lot Description: Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Level, Open Lot, Sidewalks, Near Public Transit

Water Features

  • Water Front Name: Penobscot River

Green Features

  • Energy Efficient: Ceiling Fans

Financial Considerations

  • Operating Expenses: $26,144.04
  • Tax Amount: $5,175
  • Tax Year: 2025

Disclosures and Reports

  • Block: 3
  • Lot Number: 82

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

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Listing agents

— 22 Penobscot St —

  • 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 22 Penobscot St

School District:Regional School Unit 26
NameGradesDistance
Asa C Adams School
6 Goodridge Drive, Orono, ME 04473
PK-50.8 mi
Orono Middle School
10 Goodridge Drive, Orono, ME 04473
6-80.7 mi
Orono High School
14 Goodridge Drive, Orono, ME 04473
9-120.9 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 22 Penobscot St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/13/2026
Listed
$325,000
60.89%
MLS
8/26/2022
Sold
$202,000
—
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 22 Penobscot St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,258
2%
$264,200
9%
2024
$5,175
—
$242,400
10%
2023
$5,153
-2%
$220,200
—
2022
$5,241
—
$220,200
—
2021
$5,230
27%
$220,200
50%
2020
$4,118
6%
$146,600
—
2019
$3,878
-2%
$146,600
—
2018
$3,958
4%
$146,600
—
2017
$3,812
5%
$146,600
—
2016
$3,643
2%
$146,600
—
2015
$3,577
2%
$146,600
—
2014
$3,496
3%
$146,600
—
2013
$3,401
—
$146,600
—
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.

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

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NMLS#: 1598647

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

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22 Penobscot Street, Orono, ME 04473 (MLS# 1671578) is a Multi-Family property with 3 units containing 0 bedrooms and 3 full bathrooms. 22 Penobscot Street is currently listed for $325,000 and was received on July 13, 2026. Want to learn more about 22 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.

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