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Bean Group
Offered at $350,000Pending
beds
4
baths
4
sq ft
2,572
Built
2000

6 Water Street

Orono, ME 04473

About this home

Opportunity awaits with this spacious and updated 4-bedroom, 3-bath Colonial situated along the Penobscot River in desirable Orono. Enjoy beautiful river views while being conveniently located in town, just a quick drive to the University of Maine, local schools, and all the shopping, dining, healthcare, and amenities of the greater Bangor area. Currently utilized as an investment property with college student rentals, this home offers an excellent opportunity for investors or those looking ahead to future owner occupancy. While officially a 4-bedroom home, it is currently being utilized as a 5-bedroom, showcasing the versatility and abundance of space this property has to offer. Inside, you'll find a bright, open-concept layout with generous living areas and plenty of room to gather. Three full baths provide added convenience, while the full, finished basement offers even more valuable space for recreation, work, hobbies, guests, or simply room to spread out. The combination of an in-town location, river views, generous square footage, and convenient access to the University of Maine makes this property a unique offering in the Orono market. Whether you're looking to add to your investment portfolio or envisioning this spacious riverside property as a future home, there is plenty of potential here. Current leases are in place and are to be honored through the end of the 2026-2027 school year. Please allow a minimum of 24 hour notice for showings due to tenants. Call today to schedule your private showing.

Listing last checked: Listing updated:

Listed by Listing Agent · NextHome Experience · MLS #1679968

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Details at a glance

Interior5 property facts
Rooms
10
Heating
Oil, Hot Water, Zoned, Radiant
Cooling
None
Flooring
Tile, Wood
Fireplaces
0
Building4 property facts
Style
Single Family Residence
Year built
2000
Foundation
Poured Concrete
Roof
Shingle
Land & utilities4 property facts
Lot size
0.09 acres
Water
Public
Sewer
Public Sewer
Zoning
MDR
Financial2 property facts
Annual taxes
$5,174
Assessment year
2025

Location

Estimated monthly cost

Explore costs at the $350,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$2,201 / monthAdjust
Principal & interest
$1,770
Property tax
$431
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $5,174. 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.

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About 6 Water Street

Can I request a private showing?

Request a tour of 6 Water 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.