BEDS4
BATHS3 full 1 partial
SQUARE FEET2,940
MLS#1679538
STATUSActive
PROPERTY TYPEResidential - Single Family
SCHOOLRSU 26
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.
Property Features
Property Type: Residential - Single Family
Basement: Yes
Basement: Bulkhead, Interior Entry, Full, Unfinished
Garage: 2 car attached
Heating: Gas Natural, Baseboard, Zoned, Radiator
Home Style: Colonial, Farmhouse, New Englander
Lot Size: 0.76 Acres
Roof Type: Fiberglass, Shingle
Taxes: $8,591
Year Built: 1830
Feature Descriptions
Amenities: 1st Floor Bedroom, Bathtub, Main Level, Shower
Appliances: Dishwasher, Dryer, Electric Range, Refrigerator, Washer
Electric: Circuit Breakers
Exterior: Wood Frame, Vinyl Siding
Flooring: Carpet, Vinyl, Ceramic Tile, Hardwood, Linoleum
Foundation: Stone, Poured Concrete
Lot: Intown, Near Country Club, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Shopping Mall, Level, Sidewalks, Landscaped, Wooded, Near Public Transit
Parking: Gravel, Paved,5 - 10 Spaces, On Site, Off Street, Storage
Road Surface: Paved
Sewer: Public Sewer
Special View Info: Trees/Woods
SQ FT Above Grade: 2940
SQ FT Below Grade: 0
Total Rooms: 8
Water: Public
Wooded: Yes
Local Schools
School District: RSU 26
Listed By / Shown By
Listed By
Agency Name: Maine Discount Realty
Agent Name: Scott Thomas
Agency Phone: 207-866-2299
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 1,703.93 per month $873.53 Principal & Interest $715.92 Property Tax $114.48 Homeowner's Insurance
143 Main Street | MLS# 1679538
This single family home located at 143 Main Street, Orono, ME 04473 is currently listed for sale with an asking price of $392,500. This property was built in 1830 and has 4 bedrooms and 3 full and 1 partial baths with 2940 sq. ft. Main Street is located within the RSU 26 school district. Search Orono real estate on www.masiellogrouprealestate.com today.