97 Penobscot Ave

$1,499,999
Price
Beds
Baths
23,815 Sq. Ft.
$63 / Sq. Ft.
23,815
Sq. Ft.
$63
per Sq. Ft.

Description

32 UNITS in FIVE Separate buildings located in Millinocket, Maine plus a spare lot for extra parking. Opportunity to expand your real estate holdings, in an area known for its various recreational activities. Live in one of the units while managing the others. All within a two mile radius of each other. Rental amounts for each building with spreadsheet are included in the attachments. All buyers are to sign a confidentiality agreement for detailed financials. (Possible Seller financing available...32 UNITS in FIVE Separate buildings located in Millinocket, Maine plus a spare lot for extra parking. Opportunity to expand your real estate holdings, in an area known for its various recreational activities. Live in one of the units while managing the others. All within a two mile radius of each other. Rental amounts for each building with spreadsheet are included in the attachments. All buyers are to sign a confidentiality agreement for detailed financials. (Possible Seller financing available with 20% down payment, For a qualified buyer), Vacant apartments available to increase your cash flow! Add these 32 units to your portfolio.
  1. Listed by Adrian Nadeau • ERA Dawson-Bradford Co.
  2. Listed by Bruce Bragdon • ERA Dawson-Bradford Co.

Property Details for 97 Penobscot Avenue

Waterfront
Yes
ArchitecturalStyle
Other
Garage
No
Zoning
R14*
LISTING UPDATED: 10/06/2025 11:32 AM

Property Details for 97 Penobscot Avenue

StatusActive
MLS #1620291
Days on Market247
Taxes$4,888 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family
Year Built9999
Lot Size2.35 AC / 102,366 SF
CountyPenobscot County

Location

Listing Courtesy of ERA Dawson-Bradford Co.
Add your commute

Building Information for 97 Penobscot Avenue

Stories-Residences-Year Built9999Building Size-Lot Size2.35 AC / 102,366 SF

Payment Calculator

$7,819 per month

30 year fixed, 6.28% Interest

Principal and Interest

$7,412

Property Taxes

$407

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 97 Penobscot Avenue

Summary
Location and General Information
  • Road Surface Type: Paved
  • Water Body Name: Millinocket Stream
  • Zip Code: 1357
  • Directions: Multiple properties for one listing. GPS Friendly, In Millinocket to 97 Penobscot Avenue, 40 Aroostook Avenue, 527 Penobscot Avenue, 2 Station Road, and 20 Cherry Street.
  • Town: Millinocket
  • State/Province: ME
  • Zip Code: 04462
  • County: Penobscot
  • Geo Latitude: 45.654771
  • Geo Longitude: -68.708806
  • Tax Lot: 216*
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Rolling/Sloping: Yes
  • Site:Sidewalks: Yes
  • Location:Intown: Yes
  • Location:Neighborhood: Yes
  • Location:Other Location: Yes
  • Water Info:Waterfront Amount +: .00
  • Water Info:Water Frontage Owned: .00
  • Water Info:Water Frontage Shared: .00
  • Source of Water Frontage:Public Records: Yes
Parking
  • Parking Features: 11 - 20 Spaces, 21+ Spaces, 1 - 4 Spaces, 5 - 10 Spaces, Gravel, Paved, On Site
  • Attached Garage: No
Taxes and HOA Information
  • Tax Book Number: 11134*
  • Tax Map Number: U05
  • Tax Year: 2024
  • Parcel Number: MLNK-000005-000000-000216U
  • Location Information:Association Y/N: No
  • Tax Annual Amount: $4,888.00
Property
Heating and Cooling
  • Water Heater:Electric: Yes
  • Water Heater:Off Heating System: Yes
Lot Information
  • SqFt Finished Below Grade: 0.0
  • SqFt Finished Above Grade: 23815.0
  • Lot Size Acres: 2.35
  • Source of Acreage: Public Records
  • Building Area Total: 23815.0
  • Lot Size Area: 2.35
  • Lot Size Units: Acres
  • Lot Size Square Feet: 102366.0
  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Street Number: 97
  • Property Information:Surveyed: Unknown
  • Property Information:Seasonal: No
  • Property Information:Owner Occupied: No
  • Property Information:Deed/Conveyance Type Offered: Quit Claim w/Covenant
  • Property Information:Deed: Partial
  • Property Information:Deed Restrictions: Unknown
  • Property Information:2 Detached Houses on 1 Lot: No
  • Property Information:Total Half Baths: .00
  • Property Information:Color: White
Parking
  • Driveway:Gravel: Yes
  • Driveway:Paved: Yes
Property and Assessments
  • Sign on Property: Yes
  • Leased Land: No
  • Property Type: Multi-Family
  • Property Type Label: Multi-Family
  • Year Built: 9999
Utilities
  • Electric: Circuit Breakers
  • Sewer: Septic Tank, Private Sewer, Public Sewer
  • Water Source: Private, Public
  • Utilities:Utilities On: Yes
  • Gas:No Gas: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Siding, Vinyl Siding, Concrete, Masonry, Wood Frame
  • Vehicle Storage:No Vehicle Storage: Yes
  • Roof: Metal, Pitched, Shingle
Interior Features
  • Basement: Interior, Full, Partial, Unfinished
  • Flooring: Vinyl, Laminate, Carpet
  • Cooling: None
  • Heating: Zoned, Hot Water, Blowers, Baseboard
  • Foundation Details: Stone, Concrete Perimeter, Slab
  • Bathrooms Total (Integer): 0
  • Bathrooms Total (Decimal): .00
  • Bathrooms Total (Notational): .00
  • Cooling YN: No
  • Heating YN: Yes
Multi Family
Income & Expenses Information
  • Gross Income: $.00
  • Operating Expenses: $.00
Multi-Family Information
  • Number of Units: 0
Unit Information
  • Units:# of 1 BD Units: 0
  • Units:# of 2 BD Units: 0
  • Units:# of 3 BD Units: 0
  • Units:# of 4+ BD Units: 0

Property History for 97 Penobscot Avenue

DateEvent & SourcePriceAppreciation
Mar 19, 2025

Listed (Active)

Maine Listings #1620291

$1,499,999
Sep 20, 2007

Sold

Maine Listings #821107

$118,500
Apr 18, 2007

Pending

Maine Listings #821107

Apr 10, 2007

Active Under Contract

Maine Listings #821107

Oct 17, 2006

Listed (Active)

Maine Listings #821107

$199,000
DateEvent & SourcePrice
03/19/2025

Listed (Active)

Maine Listings #1620291

$1,499,999
09/20/2007

Sold

Maine Listings #821107

$118,500
04/18/2007

Pending

Maine Listings #821107

04/10/2007

Active Under Contract

Maine Listings #821107

10/17/2006

Listed (Active)

Maine Listings #821107

$199,000

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

Public Records for 97 Penobscot Avenue

Taxable ValueLand$13,500Additions$197,500Total$211,000
Tax Record2025$4,853 ($404 / month)
Home Facts
Lot Size7,405 SqFtZoningDCCountyPENOBSCOTAPNMLNK M:U05 L:216

Schools near 97 Penobscot Avenue

This home is within Millinocket Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 12
Rating
School
Distance
Granite Street School
PublicPK to 5

Stearns High School
Public6 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.

Similar Homes

Similar Sold Homes

97 Penobscot Avenue is a multi-family home for sale in Millinocket, ME 04462. This property was listed for sale on March 19, 2025 by ERA Dawson-Bradford Co., it's currently listed at $1,499,999. It has been on the market for a total of 247 days and was last sold on September 20, 2007. This listing's school district is Millinocket Public Schools. Nearby schools include Granite Street School and Stearns High School. 97 Penobscot Avenue is a 0-bed, 0-bath, 23,815 sqft multi-family home built in 9999.

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, Inc., its subsidiaries, affiliates and their agents and associated third parties 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. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of ERA Dawson-Bradford Co.

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.