About This Home

This 5-bedroom, 2-bathroom single family at 42 Island Avenue in Orono, ME is listed for $199,900 ($146 per sqft). Built in 1917, the home offers 1,365 sqft of living space on a N/A lot.

Key Features

  • Built in 1917

Property Details

1 full, 1 half
1917
Listing 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.

Monthly Cost Estimate

$1,069/mo

20% down · 6.5% · 30 years

Principal$145
Interest$866
Insurance$58

Estimates only. Actual payments may vary.

Location

42 Island Avenue

Orono, ME 04473

Questions & Answers

This 5-bedroom, 2-bathroom single family at 42 Island Avenue is listed at $199,900 ($146/sqft). The estimated monthly payment is $1,069 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1917.

This property is listed by Holly Taylor.

HT

Holly Taylor

Agent at Better Homes and Gardens Real Estate The Masiello Group

Listed by Better Homes and Gardens Real Estate The Masiello Group · Broker phone: (800) 741-1540 · Broker website

MLS# 1684495· Source: Better Homes and Gardens-The Masiello Group· 3 days on PropertySimple

Copyright © 2026 Better Homes and Gardens-The Masiello Group. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

42 Island Avenue, Orono, ME 04473

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