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
$1,490,000
Last Sold: Jun 30, 2026
1% below list $1.5M
$63/sqft
Studio
23,815 sqft
(on 2.35 acres)
Local Information
-- mins to
Last check for updates: about 3 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
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MLS Status: Closed |
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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 |
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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 |
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Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi FamilyArchitecture: Other |
Building Construction Materials: Masonry, Wood Frame, Concrete, Vinyl Siding, Wood Siding |
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Price List Price: $1,499,999Price Per Sqft: $63/sqft |
Status Change & Dates Off Market Date: Sun Apr 12 2026 |
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Direction & Address City: Millinocket |
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Building Area Building Area: 23815 Square Feet |
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Lot Area: 2.35 Acres |
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BasementMls Number: 1620291Above Grade Unfinished Area: 23815 |
Price History for 97 Penobscot Avenue
| Date | Price | Event | Source |
|---|---|---|---|
| 07/02/2026 | $1,499,999 | Pending | Maine Listings #1620291 |
| 06/30/2026 | $1,490,000 | Sold | Maine Listings #1620291 |
| 04/16/2026 | $1,499,999 | Contingent | Maine Listings #1620291 |
| 04/13/2026 | $1,499,999 | Pending | Maine Listings #1620291 |
| 04/25/2025 | $1,499,999 | Listed For Sale | Maine Listings #1620291 |
Market trends in Millinocket
Last updated May 2026
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
41
5MoM
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
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 97 Penobscot Avenue.
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.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Apartments for Rent
Homes for sale near 97 Penobscot Avenue
Off Market Homes Near 97 Penobscot Avenue

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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