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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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42 Island Ave , Orono, ME 04473
$199,900
Est. Payment: $1,073.74/mo
5 Bed
2 Bath
1365 Sqft
0.08 Acres
Status: active | Days on site: 8
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House 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.

Highlights

Listed by Holly Taylor , 207-431-2755 and Jamie Taylor , 207-615-7922 Better Homes & Gardens Real Estate/The Masiello Group , 207-942-6711. Maine Real Estate Information System, Inc. mls logo

Property Type

Residential

Lot/Acreage
0.08

Year Built

1917

County

Penobscot

Listing ID

1684495

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:5
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:1
  • ▪ 1/2 Bathrooms:1
Appliances:Dryer, Electric Range, Refrigerator, Washer
Air Cond:Heat Pump
Fireplaces:
Floor:Laminate,Vinyl,Wood
Above Ground Sq Ft:1365
Basement:Interior Entry,Dirt Floor,Full,Unfinished
Other:
  • ▪ Additional:1st Floor Bedroom, Bathtub, Shower
Water:Public

Exterior Features

Lot:Intown,Near Country Club,Near Golf Course,Near Turnpike/Interstate,Near Town,Open Lot
Zoning:MDR
Roof:Shingle
Sewer:Public Sewer
Parking Features:Paved,1 - 4 Spaces
Principal Interest
$1,074
Taxes
$263

Home Price

$199,900

Loan Details

30 yrs
7.091%

Down Payment

20%
$39,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,073.74

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,073.74 $262.83 $0.00 $1,336.58
Yearly $12,884.92 $3,154.00 $0.00 $16,038.92
Total $386,547.55 $94,620.00 $0.00 $481,167.55

Today's Rates

30 Year

7.09%

20 Year

7.19%

15 Year

6.59%

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Market insight data is pulled from the same city as the listing being viewed (Orono, ME).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Listing data is derived in whole or in part from the Maine IDX & 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.


IDX service by Blueroof 360

Data last updated: 2026-10-31T17:51:21.000Z

© 2026 Maine Real Estate Information System, Inc.

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