42 Island Ave Orono, ME 04473
42 Island Ave Orono, ME 04473 | MLS 1684495 Photo 1
42 Island Ave Orono, ME 04473 | MLS 1684495 Photo 2
42 Island Ave Orono, ME 04473 | MLS 1684495 Photo 3
42 Island Ave Orono, ME 04473 | MLS 1684495 Photo 4
42 Island Ave Orono, ME 04473 | MLS 1684495 Photo 5
For more information on this listing, contact us at: (207) 272-2202
Active
$199,900

42 Island Ave Orono, ME 04473

Single Family Residence Property Type
5 Beds
1 Full 1 Half Baths
1,365 Sq. Ft.
1917 Year Built
Penobscot County
View All Property Details

Listing Office

Office Better Homes & Gardens Real Estate/The Masiello Group
Broker Email [email protected]
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
Monthly HOA N/A
On Site Not Available
Last Updated 10/30/2026

Location

Contact Agent

Maureen Zemrak

Maureen Zemrak

(207) 272-2202

Property Details

Community Information

Address 42 Island Ave, Orono, ME 04473
County Penobscot
City Orono
Zip Code 04473

Architecture

Bedrooms 5
Bathrooms 1 Full / 1 Half
Year Built 1917
Style Colonial
Construction Materials Wood Frame, Vinyl Siding
Levels Multi-Level
Roof Shingle
Basement Interior Entry, Dirt Floor, Full, Unfinished
Parking Features Paved, 1 - 4 Spaces
Garages Features No Vehicle Storage

Features / Amenities

Interior Features 1st Floor Bedroom, Bathtub, Shower
Appliances Dryer, Electric Range, Refrigerator, Washer
Flooring Laminate, Vinyl, Wood
Laundry Main Level
Furnished Unfurnished
Amenities 1st Floor Bedroom, Bathtub, Main Level, Shower
Cooling Heat Pump
Heating Electric, Oil, Forced Air
Water Heater Electric
Total Rooms 7

Square Footage Finished Sq. Ft.

Above Grade 1365

Property Features

Lot Size 0.08 Acres
Lot Features Intown, Near Country Club, Near Golf Course, Near Turnpike/Interstate, Near Town, Open Lot
Waterfront Features Nearby
Roads Paved, Public
Sewer Public Sewer
Water Public
Electric Circuit Breakers
Gas No Gas
Road Surface Paved
Zoning MDR
Directions Main Street to Island Ave next to Ledbetter's Convenient Store

Tax and Financial Info

Tax Year 2025

Rooms

Level
Bedroom 5Second
Living RoomFirst
Bedroom 4Second
Bedroom 2Second
KitchenFirst
Bedroom 3Second
Bedroom 1First

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42 Island Ave Orono, ME 04473 | MLS 1684495
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Listing Information Last Updated 10/30/2026

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

Mortgage values are calculated by Sierra Interactive and are provided for estimate purposes only. Walking and Transportation data are provided by WalkScore as a guideline and should be independently verified.

42 Island Ave Orono, ME 04473
  • $199,900
  • 5 beds
  • 1 full  1 half baths
  • 1,365 Sq. Ft.