143 Main St, Orono, ME 04473

$392,500
4
BD
4
BA
2,940
SqFt

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Listing courtesy of Maine Discount Realty.

List Price
$392,500
MLS#
1679538
Status
ACTIVE
Type
Single Family Residential
City
Orono
County
Penobscot
Bedrooms
4
Bathrooms
4
Living Area
2,940
Lot Size
33,105
Year Built
1830

Property Description

A rare opportunity to restore and reimagine a classic Main Street Colonial in the heart of Orono. Set on an unusually spacious ¾-acre in-town lot with approximately 150 feet of road frontage, this four-bedroom, 2.5-bath home offers ample off-street parking, hot-water baseboard heat, and a new roof installed in 2025. Currently leased through June 2027 and registered with the town, the property has an excellent rental history and offers immediate income with exciting possibilities for the future. Continue its use as an investment property or thoughtfully renew it as a distinctive owner-occupied home after the existing lease ends. The house needs TLC, but its traditional character, generous lot, and central location provide a wonderful foundation for preservation-minded buyers who appreciate the value of restoring an older home. Priced well below its tax-assessed value, this is an opportunity to bring new life to a Main Street property and help preserve the architectural character of downtown Orono. Property is currently leased through May 2027. Showings will be very limited, buyers must be pre-qualified, and seller's broker will be present.

Additional Information

Living Area
2,940
View
Trees/Woods
Electric
Circuit Breakers
Water
Public
Basement
Bulkhead, Interior Entry, Full, Unfinished
Cooling
None
Year Built
1830
Acres
0.76
Roof
Fiberglass, Shingle
Foundation
Stone, Poured Concrete
School District
RSU 26
Style
Colonial, Farmhouse, New Englander
Courtesy Of Listing Office
Maine Discount Realty

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