Date
Details
Price
Change
Source
10/15/2026
Listed
$199,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/15
$199,900 Just Listed
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Property Description
Positioned close to the University of Maine, 42 Island Avenue presents an appealing opportunity for buyers exploring the college rental market. Its convenient Orono location puts campus, downtown dining, shops, and local favorites within easy reach, bringing together the everyday conveniences that can help a rental property stand out. For investors looking to establish or expand a rental portfolio, proximity to UMaine is a key draw. Explore the potential for student rental income in a university community, with a location that connects tenants to both campus life and downtown amenities. Orono Brewing Company is nearby, adding to the neighborhood's local appeal as well as a large convenient store at the top of the road. Whether you are considering your first investment property or adding to an existing portfolio, this profitable property deserves a closer look. A convenient location, access to the university, and rental income potential make 42 Island Avenue an opportunity to explore in the Orono market. Lease is up in August of 2027. No vacancy rate due to students finding roommates after Landlord screening and approval.
Full Property Details
Full Property Details for 42 Island Ave
General
- Price: $199,900
- Taxes: $3,154 (2025)
- Status: Active
- Type: Single Family
- Source: MREIS
- MLS ID: 1684495
- Updated: 10/15/2026
- Added to Site: 6 day(s) ago
Interior
- Number of Rooms: 7
- Interior Features: 1st Floor Bedroom, Bathtub, Shower
- Appliances: Dryer, Electric Range, Refrigerator, Washer
- Furnishings: Unfurnished
- Flooring: Laminate, Vinyl, Wood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 1
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 5
Other Rooms
- Laundry: Main Level
Parking
- Parking Features: Paved, 1 - 4 Spaces
Location
- County: Penobscot
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Heat Pump
- Heating Type: Electric, Oil, Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Colonial
- Construction: Wood Frame, Vinyl Siding
- Basement: Yes
- Basement Desc.: Interior Entry, Dirt Floor, Full, Unfinished
- Roof: Shingle
- Square Feet: 1,365
- Sq. Ft. Source: Public Records
- Finished Total: 1,365 Sq. Ft.
- Finished Above Grnd: 1,365 Sq. Ft.
- Year Built: 1917
Lot Features
- Lot Size (Acres): 0.08
- Lot Size (Sq. Ft.): 3,484.8
- Zoning: MDR
- Lot Description: Intown, Near Country Club, Near Golf Course, Near Turnpike/Interstate, Near Town, Open Lot
Financial Considerations
- Tax Amount: $3,154
- Tax Year: 2025
Disclosures and Reports
- Lot Number: 89
Listed by Better Homes & Gardens Real Estate/The Masiello Group (207) 942-6711
We Value Your Privacy
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Listing agents
— 42 Island Ave —
Better Homes & Gardens Real Estate/The Masiello Group
207-942-6711
Better Homes & Gardens Real Estate/The Masiello Group
207-942-6711
hollytaylor@masiello.com
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 42 Island Ave
School District:Regional School Unit 26
| Name | Grades | Distance |
|---|---|---|
Asa C Adams School 6 Goodridge Drive, Orono, ME 04473 | PK-5 | 0.6 mi |
Orono Middle School 10 Goodridge Drive, Orono, ME 04473 | 6-8 | 0.6 mi |
Orono High School 14 Goodridge Drive, Orono, ME 04473 | 9-12 | 0.6 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 42 Island Ave
Tax History
Tax History for 42 Island Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,154
2%
$158,500
9%
2024
$3,102
—
$145,300
10%
2023
$3,091
-2%
$132,100
—
2022
$3,144
—
$132,100
—
2021
$3,137
26%
$132,100
49%
2020
$2,486
6%
$88,500
—
2019
$2,341
-2%
$88,500
—
2018
$2,390
4%
$88,500
—
2017
$2,301
5%
$88,500
—
2016
$2,199
2%
$88,500
—
2015
$2,159
2%
$88,500
—
2014
$2,111
3%
$88,500
—
2013
$2,053
—
$88,500
—
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
Estimate the Cost for 42 Island Ave
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42 Island Avenue, Orono, ME 04473 (MLS# 1684495) is a Single Family property with 5 bedrooms, 1 full bathroom and 1 partial bathroom. 42 Island Avenue is currently listed for $199,900 and was received on October 15, 2026. Want to learn more about 42 Island Avenue? Do you have questions about finding other Single Family real estate for sale in Orono? You can browse all Orono real estate or contact a Coldwell Banker agent to request more information.