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$199,900

Listing Price

5beds

1baths

1,365sqft

3,485sqft lot

42 Island Ave, Orono, ME 04473

Member Features

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  • Full foreclosure details

  • Home value, equity and ownership info

  • Find homes priced below market

  • Get full access with a FREE Account

Already a member?

For Sale

New Listing

Off Market

Single Family

Home type

188.12

Price / sqft

1917

Year built

Home Details

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.

Interior Details

Square Feet
  • 1365

Bedrooms
  • 5

Bathrooms
  • 1

Heating
  • Has Heating:

    Yes

  • Heating Type:

    Forced Air With Air Conditioning

Cooling
  • Has Cooling:

    No

  • Cooling Type:

    N/A

Fuel
  • Has Fuel:

    Yes

  • Fuel Type:

    Oil

Basement
  • Has Basement:

    No

  • Basement Type:

    N/A

Flooring
  • Has Flooring:

    No

  • Flooring Type:

    N/A

Fireplace
  • Has Fireplace:

    Yes

  • Fireplace Type:

    N/A

Property Details

Lot Size
  • 3485

Water
  • No

Sewer
  • No

Parking
  • Type:

    N/A

  • Location:

    N/A

  • Status:

    N/A

  • Number of Spaces:

    N/A

Deck
  • N/A

Patio
  • N/A

Fence
  • N/A

Pool
  • N/A

Porch
  • N/A

Stoop
  • N/A

Breezeway
  • N/A

Construction Details

Number of Stories
  • 2

Style
  • Conventional

Exterior
  • Aluminum/vinyl

Foundation
  • N/A

Roof
  • Gable

Roofing Material
  • Asphalt

Tax History

Year

Amount

Land

Improvement

Percent Change

Assessment

2019

$2,341

$20,700

$67,800

--%

$88,500

2018

$2,390

$20,700

$67,800

--%

$88,500

2017

$2,301

$20,700

$67,800

--%

$88,500

2016

$2,199

$20,700

$67,800

--%

$88,500

2015

$2,159

$20,700

$67,800

--%

$88,500

2013

$2,053

$20,700

$67,800

--%

$88,500

2012

$1,912

$20,700

$67,800

--%

$88,500

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Average Home Price in 04473

Nearby Properties

Zip Code

Price

Bed

Bath

Sqft

Lot

Sold Date

$249,900

4 Beds

2 Baths

1,332 Sqft

12,632 Lot (sqft)

Sold 09/29/2026

$299,900

2 Beds

2 Baths

1,334 Sqft

35,719 Lot (sqft)

Sold 10/12/2026

$254,298

4 Beds

2 Baths

1,260 Sqft

13,504 Lot (sqft)

Sold 10/13/2026

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Calculators

Mortgage

Mortgage Calculator

Calculate your monthly mortgage payments.
Household Income
70,000
$
Home price
199,900
$
Down payment
39,980
$
Mortgage Rate
6.5
%
Loan Term
Property Tax Rate
1.1
%
Homeowner's Insurance (Annual)
1,199.4
$
HOA (Monthly)
0
$
PMI
0
$
$1,294
Your Payment
Total Monthly Payment:$1,294
Percent of Income:22%
Affordable:Yes

Details for 42 ISLAND AVE

Property Debt

Foreclosure Contact Details

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