
36 Kelley Road, Orono, ME 04473
Penobscot County
Key Facts
Description
Spacious 4-Bed, 2-Bath Home with Bonus Rooms & Income Potential - Just 5 Minutes from UMaine! Orono, Maine | 4 Bed | 2 Bath | 2 Bonus Rooms | 1.42 Acres | 1,599 Sq Ft Located just 5 minutes from the University of Maine in Orono, this spacious and versatile home offers strong investment potential, a flexible layout, and a rare 1.42-acre lot. Whether you're looking to expand your rental portfolio or settle into a well-positioned residence, this property has the features and location to deliver. Property Highlights: 4 Bedrooms & 2 Full Bathrooms: Generous bedroom space ideal for student housing, roommates, or family living. 2 Additional Bonus Rooms: Use as home offices, workout spaces, media rooms, or private study areas — plenty of options to suit your lifestyle or rental setup. 1,599 Sq Ft of Living Space: Functional layout that balances private and communal areas for comfortable everyday use. Large 1.42-Acre Lot: A rare find in-town with room for outdoor living, privacy, or possible future improvements. Established Rental Use: Currently utilized as a rental property for UMaine students, offering excellent income potential for investors or owner-occupiers. Prime Location: Close to campus, downtown Orono, restaurants, and Route 2 — easy access for students, faculty, and professionals alike. Investment & Lifestyle Options: Maintain as a reliable college rental with strong demand Live-in owner setup with space for roommates or family Whether you're seeking steady rental income or a flexible home base in a thriving university town, this Orono property delivers both opportunity and value. Schedule your showing today and see the potential for yourself!
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Colonial
Year Built
1960
Living Area
1,599 sq ft
Lot Size
1.42 acres
Garage Spaces
1
Zoning
Residential
MLS® Listing#
1631188
Property Features
Appliances
Cooling
Heating
Flooring
Basement
Parking
Lot Features
Construction
Roof
Utilities
Sewer
Water Source
Rooms
- Second
- First
- Bedroom 1First
- Bedroom 2Second
- Bedroom 3Second
- Bedroom 4First
- KitchenFirst
- Living RoomFirst
Financial Details
HOA
None
Annual Taxes
$4,998
Tax year 2024
Affordability Calculator
$55,800
Estimated monthly payment
$1,485/mo
Principal $223,200 · Est. interest $311,384 over 30 yrs
Location
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Points of Interest in Orono, ME
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 7 Forest Avenue, Orono, ME | $249,900 | 6 | 4 | 4,104 |
| 166 Kelley Road, Orono, ME | $310,000 | 3 | 2 | 1,573 |
| 767 Forest Avenue, Orono, ME | $325,000 | 3 | 1 | 1,424 |
| 26 Island Avenue, Orono, ME | $338,000 | 4 | 1 | 1,548 |















