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7 Forest Avenue, Orono, ME 04473

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For Sale

$350,000

2 baths • 2 half baths • 4,104 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Multi-Family (2-4 Units)
    Property type

  • $85.28
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

OPPORTUNITY in the heart of ORONO village, zoned Commercial for maximu m flexibility. Amazing multi-family business or investment opportunity. Bring your vision to this expansive 4,104 sq. ft. duplex, ideally located in the heart of the town. Minutes from the University of Maine flagship campus. Each up/down unit provides 2,052 sq. ft. of living space with a complete kitchen, family room, den, and 3 bedrooms. The left side offers a full bath plus two half baths, while the right side includes a full bath upstairs. With versatile layouts, this property is well-suited for a range of usesâ maximize income as a student rental, a business venture, or transform it back into a massive single-family residence, you have options. Storage and functionality are standout features. A large multi-story barn, with a workshop area, and a spacious attic provide endless options for expansion, hobbies, or additional finished living area. The home sits on a .33-acre lot in one of Orono's most prime locations. Residents and tenants will enjoy the ability to walk straight through to municipal offices, restaurants, pubs, Pat's Pizza, shops, running trails along the river, and all that downtown Orono has to offer. The property does need renovation and TLC, but that means it's truly a blank slate with enormous potential. Opportunities in this location are rareâ don't miss your chance to reimagine and create something special in one of Orono's most desirable settings. Text/Call/Email Marianna@TrustTheReevesGroup.com 207-299-6363 or TimBlanchard@ERADawson.com 207-249-3161 for a showing today.
MLS# 1639031

Courtesy Of ERA Dawson Bradford Co., Realtors
417 Main Street, Bangor, ME 04401
(207) 947-6788

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Basement
  • Architecture Style
    Colonial
  • Exterior Type
    Vinyl Siding
  • Floor Covering
    Wood, Vinyl, Carpet
  • Heating System
    Baseboard
  • Lot Size
    0.33 Acres
  • Roof Type
    Metal
  • Rooms
    Basement

Map and Directions

Directions to 7 Forest Avenue, Orono, ME 04473

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.