33 Forest Avenue

Orono, ME 04473

$599,900
Price
9
Beds
3
Baths
1
1/2 Bath
4,125 Sq. Ft.
$145 / Sq. Ft.
4,125
Sq. Ft.
$145
per Sq. Ft.
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Description

Discover a unique investment opportunity in the heart of ORONO—ideal for capitalizing on the high demand for university-adjacent housing. 🗝This prime property features a spacious duplex, and a sweet, detached ranch home, all on the same lot, offering possibilities for either income producing or owner occupied options. The duplex consists of a 3-bedroom, 1.5-bath unit on the first floor and a 4-bedroom, 1-bath unit on the second floor, perfect for accommodating student groups or families....Discover a unique investment opportunity in the heart of ORONO—ideal for capitalizing on the high demand for university-adjacent housing. 🗝This prime property features a spacious duplex, and a sweet, detached ranch home, all on the same lot, offering possibilities for either income producing or owner occupied options. The duplex consists of a 3-bedroom, 1.5-bath unit on the first floor and a 4-bedroom, 1-bath unit on the second floor, perfect for accommodating student groups or families. The renovated 2-bedroom, 1-bath cottage comes with its own private backyard, providing additional space to expand your living & entertaining area outdoors. The units are all in move-in ready condition, and feature modern improvements combined with the old house charm of hardwood floors, enclosed porches and built-ins. Each apartment has it's own laundry, which is a must-have amenity for prospective tenants. Natural gas heating ensures energy efficiency and cost savings, making this property even more appealing. The newly paved driveway offers ample parking space, enhancing the value for potential renters. Located in a sought-after area close to the university, this property is a rare find for investors looking to secure consistent rental income in a thriving market. 2023 gross rental income was over $80k and is rarely vacant due to word-of-mouth interest whenever an apartment becomes available.
  1. Listed by Tara Roy • EXP Realty

Property Details for 33 Forest Avenue

Waterfront
No
ArchitecturalStyle
Duplex, Cottage, Colonial, Multi-Level, Ranch
Garage
No
Zoning
MDR
LISTING UPDATED: 10/18/2024 03:48 PM

Property Details for 33 Forest Avenue

StatusActive
MLS #1602288
Days on Market75
Taxes$8,359 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family
Year Built1930
Lot Size0.28 AC / 12,196 SF
CountyPenobscot County

Building Information for 33 Forest Avenue

Stories-Residences3Year Built1930Building Size-Lot Size0.28 AC / 12,196 SF

Property Information for 33 Forest Avenue

Summary
Location and General Information
  • Road Surface Type: Paved
  • Town: Orono
  • State/Province: ME
  • Zip Code: 04473
  • County: Penobscot
  • Geo Latitude: 44.883716
  • Geo Longitude: -68.675103
  • Tax Lot: 030
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Sidewalks: Yes
  • Location:Intown: Yes
  • Location:Near Golf Course: Yes
  • Location:Near Shopping: Yes
Parking
  • Parking Features: 5 - 10 Spaces, Paved, Off Street
  • Attached Garage: No
Taxes and HOA Information
  • Tax Book Number: 15342
  • Tax Block: 002
  • Tax Map Number: 027
  • Tax Year: 2024
  • Parcel Number: 33forestaveorono04473
  • Location Information:Association Y/N: No
  • Tax Annual Amount: $8,359.00
Property
Heating and Cooling
  • Water Heater:Off Heating System: Yes
Lot Information
  • SqFt Finished Below Grade: 0.0
  • SqFt Finished Above Grade: 4125.0
  • Lot Size Acres: 0.28
  • Source of Acreage: Public Records
  • Building Area Total: 4125.0
  • Lot Size Area: 0.28
  • Lot Size Units: Acres
  • Lot Size Square Feet: 12196.8
  • Bathrooms Full: 3
  • Bathrooms Half: 1
  • Street Number: 33
  • Property Information:Surveyed: Unknown
  • Property Information:Seasonal: No
  • Property Information:Owner Occupied: No
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Deed/Conveyance Type Offered: Warranty
  • Property Information:Deed: Partial
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Property Information:2 Detached Houses on 1 Lot: Yes
  • Property Information:Total Half Baths: 1.00
  • Property Information:Source of Road Frontage: Public Records
Parking
  • Driveway:Paved: Yes
Property and Assessments
  • Documents Available: Deed Public Access, Plot Plan Public Access, Property Disclosure Public Access, Other Public Access 1, Lead Paint Addendum Public Access, Other Public Access 2
  • Leased Land: No
  • Property Type: Multi-Family
  • Property Type Label: Multi-Family
  • Year Built: 1930
Utilities
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities:Utilities On: No
  • Gas:Natural - On Site: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding, Clapboard, Wood Frame
  • # Fireplaces: 0
  • Fireplace: No
  • Vehicle Storage:No Vehicle Storage: Yes
  • Roof: Shingle
  • Other Structures: Shed(s)
  • Patio and Porch Features:Glassed-in Porch: Yes
  • Patio and Porch Features:Porch: Yes
Interior Features
  • Basement: Full, Interior Entry, Unfinished
  • Flooring: Wood, Vinyl, Laminate
  • Interior Features: 1st Floor Bedroom, In-Law Floorplan, One-Floor Living, Storage
  • Cooling: None
  • Heating: Multi-Zones, Hot Water, Baseboard
  • Foundation Details: Stone, Concrete Perimeter, Brick/Mortar
  • Laundry Features: Laundry - 1st Floor, Upper Level, Main Level
  • Bathrooms Total (Integer): 4
  • Bathrooms Total (Decimal): 3.50
  • Bathrooms Total (Notational): 3.10
  • Cooling YN: No
  • Heating YN: Yes
Multi Family
Income & Expenses Information
  • Gross Income: $80,400.00
  • Operating Expenses: $18,446.00
Multi-Family Information
  • Number of Units: 3
  • Building Info:# Fireplaces: 0
  • Building Info:# Heating Units: 2
Unit 1
  • Unit 1:Lease: Yes
  • Unit 1:Level: First
  • Unit 1:Security Deposit: Yes
  • Unit 1:Monthly Rent: $1,800.00
  • Unit 1:# Full Baths: 1.00
  • Unit 1:# of Half Baths: .00
  • Unit 1:# of Rooms: 4.00
  • Unit 1:# of Bedrooms: 2.00
  • Unit 1:Dedicated Electric Meter: Yes
  • Unit 1:Dedicated Gas Meter: Yes
  • Unit 1:Dedicated Water Heater: Yes
  • Unit 1:Electric: No
  • Unit 1:Heat: No
  • Unit 1:Range: Yes
  • Unit 1:Refrigerator: Yes
  • Unit 1:Sewer: Yes
  • Unit 1:Water: Yes
Unit 2
  • Unit 2:Lease: Yes
  • Unit 2:Level: First
  • Unit 2:Security Deposit: Yes
  • Unit 2:Monthly Rent: $2,250.00
  • Unit 2:# Full Baths: 1.00
  • Unit 2:# Half Baths: 1.00
  • Unit 2:# of Rooms: 6.00
  • Unit 2:# of Bedrooms: 3.00
  • Unit 2:Dedicated Electric Meter: Yes
  • Unit 2:Dedicated Gas Meter: No
  • Unit 2:Dedicated Water Heater: No
  • Unit 2:Electric: No
  • Unit 2:Heat: Yes
  • Unit 2:Range: Yes
  • Unit 2:Refrigerator: Yes
  • Unit 2:Sewer: Yes
  • Unit 2:Water: Yes
Unit 3
  • Unit 3:Lease: No
  • Unit 3:Level: Second
  • Unit 3:Security Deposit: No
  • Unit 3:Monthly Rent: $2,700.00
  • Unit 3:# Full Baths: 1.00
  • Unit 3:# Half Baths: .00
  • Unit 3:# of Rooms: 7.00
  • Unit 3:# of Bedrooms: 4.00
  • Unit 3:Dedicated Electric Meter: Yes
  • Unit 3:Dedicated Gas Meter: No
  • Unit 3:Dedicated Water Heater: No
  • Unit 3:Electric: No
  • Unit 3:Heat: Yes
  • Unit 3:Range: Yes
  • Unit 3:Refrigerator: Yes
  • Unit 3:Sewer: Yes
  • Unit 3:Water: Yes
Unit Information
  • Units:# of 1 BD Units: 0
  • Units:# of 2 BD Units: 1
  • Units:# of 3 BD Units: 1
  • Units:# of 4+ BD Units: 1

Property History for 33 Forest Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 33 Forest Avenue

Taxable ValueLand$32,500Additions$360,500Total$393,000
Tax Record2024$8,391 ($699 / month)
Home Facts
Lot Size12,197 SqFtStyleMulti-Family Dwelling (2-4)CountyPENOBSCOTAPNORON M:027-002 L:030

Schools near 33 Forest Avenue

This home is within Regional School Unit 26.
Rating
School
Type
Grades
Distance
Asa C Adams School
Public - PK to 5
Orono Middle School
Public - 6 to 8
Orono High School
Public - 9 to 12
Rating
School
Distance
Asa C Adams School
PublicPK to 5

Orono Middle School
Public6 to 8

Orono High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 33 Forest Avenue, Orono, ME 04473

33 Forest Avenue is a multi-family home for sale in Orono, ME 04473. This property was listed for sale on August 30, 2024 by EXP Realty, it's currently listed at $599,900. It has been on the market for a total of 75 days and was last sold on July 26, 2013. This listing's school district is Regional School Unit 26. Nearby schools include Asa C Adams School, Orono Middle School and Orono High School. 33 Forest Avenue is a 9-bed, 3.5-bath, 4,125 sqft multi-family home built in 1930.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EXP Realty

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2022 Maine Real Estate Information System, Inc. All Rights Reserved.