107 Ocean AvenueOld Orchard Beach, ME 04064MLS Number 1652589

Price: $649,999
Est. Mortgage of $/month
132 Days on Market

Looking for a turnkey multi-unit, the major work has already been done AND short distance to the beach? Then welcome to 107 Ocean Ave in Old Orchard Beach, offering a cap rate of 8.4! This three unit property has had significant renovations completed in 2022, which include a new roof and siding, exterior improvements, updated electrical and plumbing systems, three new heating systems, three new hybrid water heaters, and numerous new windows! Extensive interior renovations have also been completed, offering updated living spaces throughout. Additional features include two closed in glass porches, a peaceful backyard, and ample basement storage. A driveway has been installed, so no need for tenants to look for off street parking! Each unit is separately metered with its own electrical panel, dual heating systems, and individual propane tanks, which offer ease of management. Whether you're seeking an investment property, Airbnb, or owner occupied multi-unit in a desirable location that the heavy lifting has already been done, please reach out to me!

More Info

Tax Information

Parcel Number OOBH-000314-000011-000008
Taxes$4,116

Basic Information

List Price$649,999
LocationTypeIntown, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Neighborhood
MLS Number1652589
Property TypeMulti-Family
StatusACT

Property

Other Structures Shed(s)
Site Level, Open

Utilities

Electric On Site, Circuit Breakers
Heat SystemElectric, Gas Bottled, Baseboard
Heating FuelElectric, Gas Bottled
Heating YN Yes
Recreational Water Nearby
Utilities Utilities On
Waste Water DisposalPublic Sewer

Legal

ZoningR2

Parking

Parking 5 - 10 Spaces, On Site, On Street
Parking Features Gravel,5 - 10 Spaces, On Site, On Street

Location

Address107 Ocean Avenue
Building Number107
CountyYork
StateME
StreetOcean Avenue
TownOld Orchard Beach
Zip04064

Interior

Interior Features Shower

Exterior

Exterior Vinyl Siding
RoofShingle

Property Information

Acreage0.09
Lot Features Intown, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Neighborhood, Level, Open Lot
Square Feet2,199

Water Body

Water AccessPublic

Other

Date Listed02/24/2026
Energy Efficiency Dehumidifier, Water Heater, Thermostat
Equipment Cable, Internet Access Available
Green Energy Efficient Dehumidifier, Water Heater, Thermostat
Other Equipment Cable, Internet Access Available
Unit 1 Full Baths 1
Unit 1 Level First
Unit 1 Monthly Rent $1,600
Unit 1 Rooms 5
Unit 1 Water Yes
Unit 2 Full Baths 1
Unit 2 Level First
Unit 2 Rooms 6
Unit 2 Water Yes
Unit 3 Full Baths 1
Unit 3 Lease Yes
Unit 3 Level First
Unit 3 Monthly Rent $1,550
Unit 3 Rooms 4
Unit 3 Water Yes

Rooms

Bathroom3
Bathrooms Total Decimal 3
Full Bath3

Building

BasementBulkhead, Interior Entry, Partial, Unfinished
Building ConstructionOther
Building Info Heating Units 3
Door Features Storm Door(s)
Flooring Tile, Wood, Luxury Vinyl
FoundationPoured Concrete
Patio And Porch Features Glassed-in Porch
Property StyleNew Englander
Structure Type Post & Beam
Units3
Window Features Double Pane Windows, Storm Window(s)
Year Built1880

Amenities

AmenitiesShower
Other AmenitiesBasement, Beachfront
PetsNo Restrictions

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. ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo Privacy Policy

All Maine Homes participates in ©2026 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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107 Ocean AvenueOld Orchard Beach, ME 04064MLS Number 1652589

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