42 Island Ave
Orono, ME 04473
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
Listing Office
Office
Better Homes & Gardens Real Estate/The Masiello Group
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
(207) 272-2202Property Details
Community Information
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 5 | Second |
| Living Room | First |
| Bedroom 4 | Second |
| Bedroom 2 | Second |
| Kitchen | First |
| Bedroom 3 | Second |
| Bedroom 1 | First |
Mortgage Calculator
Your monthly payment will be
$0,000
Loan and interest only.
Purchase price
Down payment
The Mortgage calculator is sourced by Sierra Interactive.
Schools
Walking and Transportation
Please wait while loading...
Schedule a Tour
ASAP
Tue
10
Nov
Wed
11
Nov
Thu
12
Nov
Fri
13
Nov
Sat
14
Nov
Sun
15
Nov
Mon
16
Nov
Scheduling is free, and you can cancel anytime.
Similar Listings
Similar Recently Sold Listings
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.