113-115 Saco Avenue, Old Orchard Beach, ME 04064

$725,000
Property Type: Multi-Family Baths: 3 Square Footage: 2,702 Lot Size (sq. ft.): 6,534 Status: Active
Current Price: $725,000 List Date: 10/29/2025 Last Modified: 3/14/2026

Description

MOTIVATED SELLER! Discover an exceptional investment opportunity just minutes from one of Maine's most popular beaches! 113-115 Saco Avenue features a beautifully maintained two-unit residential building plus a detached commercial space, ideally situated in the vibrant coastal community of Old Orchard Beach. Main Building (Two Units) Unit 1 (First Floor): 3-bedroom, 1-bath apartment renovated in 2017, featuring updated kitchen and bath, modern finishes, and a bright, open layout--perfect for year-round living or seasonal rental income. Unit 2 (Second Floor): Comfortable 2-bedroom, 1-bath apartment offering great natural light, functional layout, and excellent rental potential. Detached Commercial Building: A stand-alone commercial space currently home to a beloved local restaurant--an established business that brings steady foot traffic and neighborhood charm. Updates to the commercial space include new heat pumps, roof, and electrical panel. Highlights: Three total units: Two residential apartments + one commercial space. Flexible income property--live in one unit, rent the others, or maintain as an investment. Prime location along Saco Avenue--minutes to the beach, pier, dining, shops, and Route 1 access Ample parking for tenants, guests, and patrons Strong rental history and long-term tenant in the commercial space.

Supplements: ********

More Information MLS# 1642252

Location Information

Book: 18885 Leased Land: No Page: 0388 Map: 311 Block: 2 Lot: 10 Zoning Overlay: Unknown Association: No Tree Growth Y/N: No Street #: 113-115 Street Name: Saco Street Type: Avenue County: York Town: Old Orchard Beach State/Province: ME Zip Code: 04064 Zip +4: 1840 Zoning: GB-2 Full Tax Amount $: 5307 Tax Year: 2024 Geo Lat: 43.513984 Geo Lon: -70.387587

Property Information

Surveyed: Unknown Seasonal: No Number of Units: 3 Deed/Conveyance Type Offered: Warranty Deed: All Lot Size Acres +/-: 0.15 Total Baths: 3 Total Half Baths: 1 SqFt Finished Above Grade: 2702 SqFt Finished Below Grade: 0 SqFt Source: Public Records Garage: No Garage Spaces: 0 Total Full Baths: 2 Year Built: 1920 SqFt Finished Total: 2702 Source of Acreage: Public Records

Levels

Multi-Level: 1

Site

Corner Lot: 1

Location

Near Golf Course: 1 Near Public Beach: 1 Near Town: 1 Near Turnpike/Interstate: 1 Neighborhood: 1

Roads

Public: 1

Water Info

Water Frontage: No Water View: No

Recreational Water

Nearby: 1 Public: 1

Style

Other: 1

Construction

Wood Frame: 1

Basement

Brick/Mortar: 1 Unfinished: 1

Exterior

Aluminum Siding: 1 Shingle Siding: 1

Roof

Flat: 1 Metal: 1 Shingle: 1

Heat System

Baseboard: 1 Heat Pump: 1

Building Info

# Stories: 2 # Floors: 2

Heat Fuel

Electric: 1 Propane: 1

Income & Expenses

Gross Income: 77400 Operating Expenses: 18675

Cooling

Heat Pump: 1 Window Unit(s): 1

Floors

Laminate: 1 Wood: 1

Units

# of 1 BD Units: 1 # of 2 BD Units: 1 # of 3 BD Units: 1

Parking

5 - 10 Spaces: 1

Unit 1

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 2250 # Full Baths: 1 # of Rooms: 6 # of Bedrooms: 3 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Electric

Circuit Breakers: 1

Unit 2

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 1900 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: No Water: No

Unit 3

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 2300 # Half Baths: 1 # of Rooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: Yes Electric: No Heat: No Range: No Refrigerator: No Sewer: No Water: No

Gas

Bottled: 1

Sewer

Public Sewer: 1

Water

Public: 1

Driveway

Paved: 1

Basement Entry

Exterior Only: 1

Water Heater

Electric: 1

Amenities

1st Floor Bedroom: 1 Attic: 1 Bathtub: 1 Laundry - 1st Floor: 1 Laundry - 2nd Floor: 1 One-Floor Living: 1 Shower: 1

Patio and Porch Features

Deck: 1 Glassed-in Porch: 1

Vehicle Storage

No Vehicle Storage: 1

Contract Information

Status: Active Original List Price: 750000 List Price: $725,000 Current Price: $725,000

Property Features

Site: Corner Lot Location: Near Golf Course; Near Public Beach; Near Town; Near Turnpike/Interstate; Neighborhood Roads: Public Recreational Water: Nearby; Public Style: Other Levels: Multi-Level Construction: Wood Frame Basement: Brick/Mortar; Unfinished Basement Entry: Exterior Only Exterior: Aluminum Siding; Shingle Siding Roof: Flat; Metal; Shingle Heat System: Baseboard; Heat Pump Heat Fuel: Propane Water Heater: Electric Cooling: Heat Pump; Window Unit(s) Floors: Laminate; Wood Amenities: 1st Floor Bedroom; Attic; Bathtub; Laundry - 1st Floor; Laundry - 2nd Floor; One-Floor Living; Shower Patio and Porch Features: Deck; Glassed-in Porch Driveway: Paved Parking: 5 - 10 Spaces Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: Bottled Sewer: Public Sewer Water: Public
Listing Office: Keller Williams Realty
IDX
Last Updated: March - 14 - 2026
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