3 Park Street, Orono, ME, 04473
About This Home
Located in the heart of downtown Orono, this spacious duplex presents an outstanding investment opportunity with strong rental history and consistent occupancy. The property features one 2-bedroom unit and one generously sized 3-bedroom unit. Ideally situated just minutes from University of Maine, the property offers convenient access to campus, local restaurants, shopping, and all downtown amenities. Additional highlights include ample off-street parking, basement laundry facilities, and a fully occupied status, making this a turnkey investment.
Getting Around
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1920
Materials
- Foundation: Poured Concrete
- Roof: Shingle
- Construction materials: Wood Frame,Vinyl Siding
Type & Style
- Home type: MultiFamily
- Architectural style: Cape Cod
- Property subType: Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Interior Entry,Walk-Out Access,Full,Sump Pump,Unfinished
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Features
- 1st Floor Bedroom,Shower
- Flooring: Carpet,Vinyl
- Finished area below ground: 0
- Finished area above ground: 1,656
Heating & Cooling
- Heating features: Forced Air
- Cooling features: None
Interior Area
- Total structure area: 1,656
- Total interior livable area: 1,656 sqft
Property
Details
- Parcel number: ORONM019004L112
- Zoning: MDR
- Other equipment: Cable,Internet Access Available
Features
- Stories: 2
- Has view: Yes
- View description: Trees/Woods
Lot
- Lot size: 8,276 sqft
- Features: City Lot,Level,Sidewalks
Parking
- Parking features: Gravel,5 - 10 Spaces,On Site,Off Street
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Winter Weather
- Ice Storm
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters Across Maine Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,364 | $16,368 |
| Home Insurance | $102 | $1,224 |
| Property Taxes | $469 | $5,628 |
| Electricity | $244 | $2,930 |
| Total | $2,179 | $26,148 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-03 | Price change | $269,900 |
| 2026-05-13 | Listed for sale | $277,000 |
| 2016-08-15 | Sold | $125,000 |
For Sale by Agent
View on Zillow