About this home
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.
Listing last checked: Listing updated:
Listed by Listing Agent · Maine Discount Realty · MLS #1679538
Request property information
Select a document to start a request. You can add others in the form. Availability varies.
Details at a glance
Interior5 property facts
- Rooms
- 8
- Heating
- Baseboard, Zoned, Radiant
- Cooling
- None
- Flooring
- Carpet, Vinyl, Ceramic Tile, Hardwood, Linoleum
- Fireplaces
- 0
Building5 property facts
- Style
- Single Family Residence
- Year built
- 1830
- Garage
- 2
- Foundation
- Stone
- Roof
- Fiberglass, Shingle
Land & utilities4 property facts
- Lot size
- 0.76 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- MDR
Financial2 property facts
- Annual taxes
- $8,591
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $374,900 asking price. Adjust the assumptions to your situation.
Known monthly costs$2,612 / monthAdjust
- Principal & interest
- $1,896
- Property tax
- $716
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $8,591. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
Explore more of Orono
Continue your search in Orono.
Need help making sense of this home?
About 143 Main Street
Can I request a private showing?
Request a tour of 143 Main Street and a Bean Group agent will help coordinate an available time with the listing side.
Can you help me evaluate this property?
Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
Are property documents available?
Availability varies by property and source. Request the documents you need and we will help obtain what is available.