5,7,9 Renewal Street, Corinna, ME 04928

$650,000
Property Type: Multi-Family Baths: 7 Square Footage: 6,247 Lot Size (sq. ft.): 24,829 Status: Active
Current Price: $650,000 List Date: 8/10/2025 Last Modified: 10/01/2025

Description

Cash Cow Alert! This is the kind of property investors dream about. A cap rate north of 10 percent, steady income, and the chance to own an entire street. Opportunities like this do not come along often. You get three well-maintained buildings plus an oversized garage. The first building is a spacious three unit with a 3 bedroom, 1 bath, a 2 bedroom, 2 bath, and a 2 bedroom, 1 bath. Two units have been beautifully renovated, and the third is home to a long-term tenant of more than 15 years. The second building delivers two massive apartments, each well over 1,300 square feet. One is a 3 bedroom, 1 bath, and the other is a 2 bedroom, 1 bath. Both are in great condition and rented to quality tenants. The third building is a charming 2-3 bedroom, 1 bath single family home with spotless tenants who treat the place like their own. Add in an oversized two car garage for bonus income potential, and you have multiple revenue streams on day one. Tenants love the yards, quiet dead end location, and open parking lot where kids can safely ride bikes and play. You will love the consistent occupancy and strong rental history. Perfectly located under 10 minutes to Newport, 15 minutes to Pittsfield, and just 35 minutes to Bangor, Waterville, and Skowhegan. With the 100 percent bonus depreciation that just passed, the timing could not be better to lock this in and offset your taxes. Serious investors know that opportunities like this do not sit around. Call today before someone else takes it off the market.

Supplements: ********

More Information MLS# 1633758

Location Information

Book: 17137 Leased Land: No Page: 120-123 Map: 18 Lot: 041 Zoning Overlay: No Association: No Tree Growth Y/N: No Street #: 5,7,9 Street Name: Renewal Street Type: Street County: Penobscot Town: Corinna State/Province: ME Zip Code: 04928 Zoning: Mixed use Full Tax Amount $: 3921.09 Tax Year: 2025 Geo Lat: 44.920798 Geo Lon: -69.262359

Property Information

Surveyed: Unknown Seasonal: No Number of Units: 6 Deed/Conveyance Type Offered: Warranty Deed: All Lot Size Acres +/-: 0.57 Total Baths: 7 Total Half Baths: 0 SqFt Finished Above Grade: 6247 SqFt Finished Below Grade: 0 Garage: Yes Garage Spaces: 2 Total Full Baths: 7 Year Built: 1940 SqFt Finished Total: 6247 Source of Acreage: Public Records

Site

Level: 1 Open: 1

Location

Near Golf Course: 1 Near Town: 1 Near Turnpike/Interstate: 1

Roads

Paved: 1

Water Info

Water Frontage: No Water View: No

Style

Colonial: 1 Other: 1

Construction

Wood Frame: 1

Structure Type

Duplex: 1

Basement

Full: 1 Unfinished: 1

Exterior

Vinyl Siding: 1 Wood Siding: 1

Roof

Shingle: 1

Heat System

Forced Air: 1 Heat Pump: 1 Hot Water: 1 Other Heat System: 1

Heat Fuel

Electric: 1 K-1/Kerosene: 1 Oil: 1

Income & Expenses

Gross Income: 89040 Operating Expenses: 21520

Cooling

Heat Pump: 1 Window Unit(s): 1

Floors

Carpet: 1 Laminate: 1 Tile: 1 Wood: 1

Units

# of 2 BD Units: 4 # of 3 BD Units: 2

Parking

5 - 10 Spaces: 1 Paved: 1

Unit 1

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 1045 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Electric

Circuit Breakers: 1

Unit 2

Lease: No Level: First Security Deposit: Yes Monthly Rent: 1025 # Full Baths: 2 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 3

Lease: No Level: First Security Deposit: Yes Monthly Rent: 1650 # Full Baths: 1 # of Rooms: 6 # of Bedrooms: 3 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Gas

Bottled: 1

Unit 4

Lease: No Level: First Security Deposit: No Monthly Rent: 1300 # Full Baths: 1 # of Rooms: 6 # of Bedrooms: 3 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Sewer

Public Sewer: 1

Unit 5

Lease: No Level: First Security Deposit: Yes Monthly Rent: 1500 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Water

Public: 1

Unit 6

Lease: No Level: Second Security Deposit: No Monthly Rent: 900 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Driveway

Paved: 1

Basement Entry

Interior: 1

Water Heater

Electric: 1 Heat Pump: 1

Amenities

1st Floor Bedroom: 1 1st Floor Primary BR w/Bath: 1

Vehicle Storage

2 Car: 1 Detached: 1

Contract Information

Status: Active Original List Price: 675000 List Price: $650,000 Current Price: $650,000

Property Features

Site: Level; Open Location: Near Golf Course; Near Town; Near Turnpike/Interstate Roads: Paved Style: Colonial; Other Structure Type: Duplex Construction: Wood Frame Basement: Full; Unfinished Basement Entry: Interior Exterior: Vinyl Siding; Wood Siding Roof: Shingle Heat System: Forced Air; Heat Pump; Hot Water; Other Heat System Heat Fuel: K-1/Kerosene; Oil Water Heater: Electric; Heat Pump Cooling: Heat Pump; Window Unit(s) Floors: Carpet; Laminate; Tile; Wood Amenities: 1st Floor Bedroom; 1st Floor Primary BR w/Bath Driveway: Paved Parking: 5 - 10 Spaces; Paved Vehicle Storage: 2 Car; Detached Electric: Circuit Breakers Gas: Bottled Sewer: Public Sewer Water: Public

Documents

Listing Office: Real Broker
IDX
Last Updated: October - 01 - 2025
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. Copyright ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
Search powered by FBS Products