5,7,9 Renewal Street, Corinna, ME 04928
$600,000
Property Type:
Multi-Family
Baths:
7
Square Footage:
6,247
Lot Size (sq. ft.):
24,829
Status:
Closed
Current Price:
$600,000
List Date:
1/13/2026
Last Modified:
1/28/2026
Overview
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.
Listing Details MLS# 1633758
Location Information
- Street #
- 5,7,9
- Street Name
- Renewal
- Street Type
- Street
- County
- Penobscot
- Town
- Corinna
- State/Province
- ME
- Zip Code
- 04928
- Leased Land
- No
- Book
- 17137
- Page
- 120-123
- Map
- 18
- Lot
- 041
- Zoning
- Mixed use
- Zoning Overlay
- No
- Association
- No
- Full Tax Amount $
- 3921.09
- Tax Year
- 2025
- Tree Growth Y/N
- No
Contract Information
- Original List Price
- 675000
Property Information
- Surveyed
- Unknown
- Seasonal
- No
- Deed/Conveyance Type Offered
- Warranty
- Deed
- All
- Number of Units
- 6
- Total Baths
- 7
- Total Full Baths
- 7
- Year Built
- 1940
- SqFt Finished Above Grade
- 6247
- SqFt Finished Total
- 6247
- Garage
- Yes
- Garage Spaces
- 2
- Lot Size Acres +/-
- 0.57
- Source of Acreage
- Public Records
- Total Half Baths
- 0
- SqFt Finished Below Grade
- 0
Status Change Info
- Pending Date
- 2025-12-07
- Closed Date
- 2026-01-27
- Closed Price
- 600000
Water Info
- Water Frontage
- No
- Water View
- No
Units
- # of 2 BD Units
- 4
- # of 3 BD Units
- 2
More Information
Unit 1
- Lease
- No
- Level
- Second
- Security Deposit
- Yes
- Monthly Rent
- 1045
- # Full Baths
- Yes
- # 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 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
- Yes
- # 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
Unit 4
- Lease
- No
- Level
- First
- Security Deposit
- No
- Monthly Rent
- 1300
- # Full Baths
- Yes
- # 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
- Water
- Yes
- Sewer
- Yes
Unit 5
- Lease
- No
- Level
- First
- Security Deposit
- Yes
- Monthly Rent
- 1500
- # Full Baths
- Yes
- # 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 6
- Lease
- No
- Level
- Second
- Security Deposit
- No
- Monthly Rent
- 900
- # Full Baths
- Yes
- # 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
Sold Info
- Appraiser Email Address
- msvaluation@gmail.com
Site
- Level
- Yes
- Open
- Yes
Location
- Near Golf Course
- Yes
- Near Town
- Yes
- Near Turnpike/Interstate
- Yes
Roads
- Paved
- Yes
Style
- Colonial
- Yes
- Other
- Yes
Construction
- Wood Frame
- Yes
Structure Type
- Duplex
- Yes
Basement
- Full
- Yes
- Unfinished
- Yes
Exterior
- Vinyl Siding
- Yes
- Wood Siding
- Yes
Roof
- Shingle
- Yes
Heat System
- Forced Air
- Yes
- Heat Pump
- Yes
- Hot Water
- Yes
- Other Heat System
- Yes
Heat Fuel
- Electric
- Yes
- K-1/Kerosene
- Yes
- Oil
- Yes
Income & Expenses
- Gross Income
- 89040
- Operating Expenses
- 21520
Cooling
- Heat Pump
- Yes
- Window Unit(s)
- Yes
Floors
- Carpet
- Yes
- Laminate
- Yes
- Tile
- Yes
- Wood
- Yes
Parking
- 5 - 10 Spaces
- Yes
- Paved
- Yes
Electric
- Circuit Breakers
- Yes
Gas
- Bottled
- Yes
Sewer
- Public Sewer
- Yes
Water
- Public
- Yes
Driveway
- Paved
- Yes
Basement Entry
- Interior
- Yes
Water Heater
- Electric
- Yes
- Heat Pump
- Yes
Amenities
- 1st Floor Bedroom
- Yes
- 1st Floor Primary BR w/Bath
- Yes
Vehicle Storage
- 2 Car
- Yes
- Detached
- Yes
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
5 Renewal St Disclosures & Lead paint ›
Listing Office:
Real Broker
IDX
Last Updated: January - 28 - 2026
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