42 Island Avenue Orono, ME 04473
Listing Courtesy of: MLS LogoMAINE LISTINGS - IDX

  42 Island Avenue Orono, ME 04473

Pending
$199,900 (USD)
5
BED
2
BATH
1,365
SQFT

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.

MLS #:
1684495
Taxes
$3,154(2025)
Lot Size
3,485 SQFT
Type
Single-Family Home
Year Built
1917
Style
Colonial
County
Penobscot County

Listed By

Holly Taylor, Better Homes And Gardens Real Estate The Masiello Group
Jamie Taylor, Better Homes And Gardens Real Estate The Masiello Group
Source
MAINE LISTINGS - IDX
Last checked Oct 26 2026 at 11:10 AM GMT+0000
Bathroom Details
  • Full Bathroom: 1
  • Half Bathroom: 1
Interior Features
  • 1st Floor Bedroom
  • Shower
  • Bathtub
Kitchen
  • Washer
  • Refrigerator
  • Electric Range
  • Dryer
Lot Information
  • Intown
  • Open Lot
  • Near Town
  • Near Golf Course
  • Near Turnpike/Interstate
  • Near Country Club
Heating and Cooling
  • Forced Air
  • Electric
  • Oil
  • Heat Pump
Basement Information
  • Full
  • Dirt Floor
  • Unfinished
  • Interior Entry
Flooring
  • Wood
  • Vinyl
  • Laminate
Exterior Features
  • Roof: Shingle
Utility Information
  • Sewer: Public Sewer
Parking
  • Paved
  • 1 - 4 Spaces
Living Area
  • 1,365 sqft
Location
   
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Estimated Monthly Mortgage Payment

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Disclaimer: Listing data is derived in whole or in part from the Maine IDX and is for the consumers personal, noncommercial use only. Dimensions are approximate and are not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved