97 Penobscot Avenue, Millinocket, ME 04462
Property image
Property image
SOLD
JUN 30, 2026

97 Penobscot Avenue
Millinocket, ME 04462

  • Studio
  • 23,815 sqft (on 2.35 acres)

$1,490,000

Last Sold: Jun 30, 2026
1% below list $1.5M
$63/sqft
Est. Refi. Payment $7,629/mo*

$1,490,000

Last Sold: Jun 30, 2026
1% below list $1.5M
$63/sqft
Est. Refi. Payment $7,629/mo*
Studio
23,815 sqft
(on 2.35 acres)

Local Information

  • Map ViewExplore the area around 97 Penobscot Avenue.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination
Last check for updates: about 11 hours ago
Listed by ERA Dawson-Bradford Co.
Bought with: NextHome Experience
Source: Maine Listings, MLS#1620291

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 with 20% down payment, For a qualified buyer), Vacant apartments available to increase your cash flow! Add these 32 units to your portfolio.
97 Penobscot Avenue, Millinocket, ME 04462 is a studio, 23,815 sqft multi-family. It last sold for $1,490,000 on Jun 30, 2026 (1% below the $1,499,999 asking price). It is currently off market. The Trulia Estimate rent is $1,420/month.

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$63/sqft
Listed
180+ days ago

Home Details for 97 Penobscot Avenue

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: Interior Entry,Full,Partial,Unfinished
Dimensions and Layout
Living Area: 23815 Square Feet
Appliances & Utilities
Utilities: Utilities On
Heating & Cooling
Heating: Baseboard,Blowers,Hot Water,ZonedNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Baseboard
Gas & Electric
Electric: Circuit Breakers
Windows, Doors, Floors & Walls
Flooring: Carpet, Laminate, Vinyl
Levels, Entrance, & Accessibility
Levels: Multi/SplitFloors: Carpet, Laminate, Vinyl

Exterior Features

Exterior Home Features
Roof: Metal Pitched ShingleFoundation: Stone, Poured Concrete, SlabNo Private Pool
Parking & Garage
No CarportNo GarageNo Attached GarageParking: Gravel,Paved,1 - 4 Spaces,5 - 10 Spaces,11 - 20 Spaces,21+ Spaces,On Site
Frontage
WaterfrontRoad Surface Type: PavedOn Waterfront
Water & Sewer
Sewer: Private Sewer, Public Sewer, Septic TankWater Body: Millinocket Stream
Finished Area
Finished Area (above surface): 23815 Square Feet

Property Information

Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi FamilyArchitecture: Other
Building
Construction Materials: Masonry, Wood Frame, Concrete, Vinyl Siding, Wood Siding

Price & Status

Price
List Price: $1,499,999Price Per Sqft: $63/sqft
Status Change & Dates
Off Market Date: Sun Apr 12 2026

Location

Direction & Address
City: Millinocket

Building

Building Area
Building Area: 23815 Square Feet

Lot Information

Lot Area: 2.35 Acres

Miscellaneous

BasementMls Number: 1620291Above Grade Unfinished Area: 23815

Price History for 97 Penobscot Avenue

DatePriceEventSource
07/02/2026$1,499,999PendingMaine Listings #1620291
06/30/2026$1,490,000Sold
Maine Listings #1620291
04/16/2026$1,499,999ContingentMaine Listings #1620291
04/13/2026$1,499,999PendingMaine Listings #1620291
04/25/2025$1,499,999Listed For SaleMaine Listings #1620291

Market trends in Millinocket

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
Sale-to-List Price
Price per sq ft
Available listings
41
5
MoM
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Comparable Sales for 97 Penobscot Avenue

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.29
Multi-Family Home
$112,000
06/17/26
4
2
1,544
0.28
Multi-Family Home
$60,000
03/31/26
5
2
1,078
0.33
Multi-Family Home
$85,000
01/20/26
3
2
1,392
0.68
Multi-Family Home
$119,000
05/15/26
4
2
1,625

Nearby homes

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What Locals Say about Millinocket

At least 11 Trulia users voted on each feature.
  • 95 % Say parking is easy

  • 93 % Say yards are well-kept

  • 93 % Say it's walkable to restaurants

  • 91 % Say it's dog friendly

  • 88 % Say it's walkable to grocery stores

  • 82 % Say car is needed

  • 81 % Say kids play outside

  • 74 % Say they plan to stay for at least 5 years

  • 70 % Say there's holiday spirit

  • 67 % Say people would walk alone at night

  • 66 % Say neighbors are friendly

  • 65 % Say it's quiet

  • 56 % Say there are sidewalks

  • 54 % Say there's wildlife

  • 50 % Say streets are well-lit

  • 38 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Newburytd
    "marathon, canoe festival, old home days,fourth of July celebrations street dances, drive in car shows"
  • Newburytd
    "In my opinion I wouldn't have wanted to raise my children anywhere else, everyone looks out for each other and our kids,, its clean, a lot of nature around us, and "

LGBTQ Local Legal Protections

Apartments for Rent

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Homes for sale near 97 Penobscot Avenue

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Off Market Homes Near 97 Penobscot Avenue

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Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
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