3-5 Central Avenue

Old Orchard Beach, ME 04064
Baths
6
Square Ft.
3,467
$799,900
Well-maintained 5-unit building in a desirable Old Orchard Beach location, just a half mile to the sand and a little over a mile to the Pier. Property features four 1-bedroom units and one 2-bedroom unit, with long-term tenants in place offering consistent year-round rental income. Set on a quiet street just outside the hustle and bustle, yet within easy reach of shops, restaurants, public transit, and the beach. A great opportunity for investors or potential owner-occupants looking to enjoy coastal living with income to support it.
Market LogoCourtesy of Maine Real Estate Co 800-971-8860
Listing Snapshot
Days Online
47
Last Updated
Full Baths
6
Square Ft.
3,467
Lot Size
0.14 Acres
Year Built
1900
MLS Number
1639579
Additional Details
Basement
Basement: "Interior", "Full"
Building
Architectural Style: "New Englander", Building Area Total: 3,467, Construction Materials: "Vinyl Siding", "Wood Frame", Number Of Units Total: 5, Year Built: 1900
Cooling
Cooling: "None"
Disclosures
Exclusions: wash and dryer in bottom unit
Expenses
Operating Expense: $9,316
Exterior Features
Patio And Porch Features: "Deck", Patio And Porch Features: "Deck"
Floors
Flooring: "Laminate", "Carpet"
Foundation
Foundation Details: "Concrete Perimeter"
Heating
Heating: "Heat Pump", "Direct Vent Heater", "Baseboard", Heating Included
Income
Gross Income: $41,700
Lot
Features: "Corner Lot", "Level", "Intown", "Near Golf Course", "Near Public Beach", "Near Shopping", "Near Town", "Neighborhood", "Near Railroad", 0.14 acres, Area: 0.14, 6,098 square feet
Parking
Features: "5 - 10 Spaces", "Paved", "On Street"
Property
Parcel Number: OOBH-000314-000015-000005, Zoning: Res-2
Roof
Roof: "Shingle"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $5,901, Tax Lot: 5
Utilities
Electric: "Circuit Breakers", Water Source: "Public"
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Monthly Payment
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30 Days Snapshot Of 04064
$506k
-13%
(avg) sold price
29
+70%
homes sold
60
+42%
(avg) days on market
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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.