27-33 Odessa Avenue, Old Orchard Beach, ME 04064

$2,175,000
Property Type: Multi-Family Baths: 10 Square Footage: 6,504 Lot Size (sq. ft.): 46,174 Status: Closed
Current Price: $2,175,000 List Date: 7/08/2024 Last Modified: 1/19/2025

Overview

Description

*Only 28 Reggio is Pending. 27-33 Odessa is still available* This active beachfront community investment has four (4) two-unit multi-family rentals on an oversized half acre (0.58) lot and a seasonal motel sits a stone's throw from the beach on .48 acres of mostly undeveloped land - one of the last remaining plots of this kind. Each of the Odessa units has 2 beds / 1 bath and parking. The .58 acre parcel on Reggio creates even more potential for expansion. There are several obvious value-add opportunities here: increased long term rentals, seasonal short term rentals, or even a conversion into 8 individual condos. The zoning density appears to allow for up to 4 units on the Reggio Lot with conditional approval. This unique package is available for the first time in 50 years, in the center of Maine's most popular beach destination. This is an opportunity not to be missed!

Listing Details MLS# 1595571

Location Information

Street #
27-33
Street Name
Odessa
Street Type
Avenue
County
York
Town
Old Orchard Beach
State/Province
ME
Zip Code
04064
Leased Land
No
Book
14459/9455
Page
0931/0003
Map
315
Block
5
Lot
2-4
Zoning
R-3
Zoning Overlay
Unknown
Association
No
Full Tax Amount $
16100
Tax Year
2023

Contract Information

Original List Price
2250000

Property Information

Surveyed
No
Seasonal
Yes
Number of Units
9
Total Baths
10
Total Full Baths
9
Total Half Baths
Yes
Year Built
1960
SqFt Finished Above Grade
6504
SqFt Finished Total
6504
SqFt Source
Public Records
Garage
No
Lot Size Acres +/-
1.06
Source of Acreage
Public Records
SqFt Finished Below Grade
0
Garage Spaces
0

Status Change Info

Pending Date
2024-07-26
Closed Date
2024-09-16
Closed Price
2175000

Water Info

Water Frontage
No
Water View
No

Units

# of 2 BD Units
8
# of 3 BD Units
Yes

More Information

Unit 1

Lease
No
Level
First
Security Deposit
Yes
Monthly Rent
1000
# Full Baths
Yes
# of Rooms
4
# 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

Unit 2

Lease
No
Level
First
Security Deposit
No
Monthly Rent
1000
# Full Baths
Yes
# of Rooms
4
# 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

Unit 3

Lease
No
Level
First
Security Deposit
Yes
Monthly Rent
1150
# Full Baths
Yes
# of Rooms
4
# 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

Unit 4

Lease
No
Level
First
Security Deposit
No
# Full Baths
Yes
# of Rooms
4
# of Bedrooms
2
Dedicated Electric Meter
Yes
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
No
Heat
Yes
Range
Yes
Refrigerator
Yes
Water
Yes
Monthly Rent
0
Sewer
Yes

Unit 5

Lease
No
Level
First
Security Deposit
No
Monthly Rent
2000
# Full Baths
Yes
# of Rooms
4
# 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

Unit 6

Lease
No
Level
First
Security Deposit
Yes
Monthly Rent
1500
# Full Baths
Yes
# of Rooms
4
# 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

Unit 7

Lease
No
Level
First
Security Deposit
Yes
Monthly Rent
1150
# Full Baths
Yes
# of Rooms
4
# 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

Unit 8

Lease
No
Level
First
Security Deposit
No
Monthly Rent
1150
# Full Baths
Yes
# of Rooms
4
# 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

Unit 9

Lease
No
Level
First
Security Deposit
No
# Full Baths
Yes
# Half Baths
Yes
# of Rooms
5
# 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
Monthly Rent
0

Utilities

Utilities On
Yes

Site

Level
Yes
Open
Yes

Location

Near Town
Yes
Near Turnpike/Interstate
Yes

Roads

Paved
Yes
Public
Yes

Recreational Water

Nearby
Yes
Public
Yes

Style

Other
Yes
Ranch
Yes

Construction

Wood Frame
Yes

Structure Type

Duplex
Yes

Basement

Full
Yes
Unfinished
Yes

Exterior

Shingle Siding
Yes

Roof

Shingle
Yes

Heat System

Baseboard
Yes
Hot Water
Yes

Heat Fuel

Oil
Yes

Income & Expenses

Gross Income
65070
Operating Expenses
45182

Cooling

None
Yes

Floors

Tile
Yes
Vinyl
Yes
Wood
Yes

Parking

5 - 10 Spaces
Yes
Off Street
Yes

Electric

Circuit Breakers
Yes

Gas

No Gas
Yes

Sewer

Public Sewer
Yes

Water

Private
Yes

Driveway

Other
Yes

Basement Entry

Exterior Only
Yes

Water Heater

Off Heating System
Yes

Vehicle Storage

No Vehicle Storage
Yes

Property Features

Site: Level; Open Location: Near Town; Near Turnpike/Interstate Roads: Paved; Public Recreational Water: Nearby; Public Style: Other; Ranch Structure Type: Duplex Construction: Wood Frame Basement: Full; Unfinished Basement Entry: Exterior Only Exterior: Shingle Siding Roof: Shingle Heat System: Baseboard; Hot Water Heat Fuel: Oil Water Heater: Off Heating System Cooling: None Floors: Tile; Vinyl; Wood Driveway: Other Parking: 5 - 10 Spaces; Off Street Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: No Gas Sewer: Public Sewer Water: Private

Documents

IDX
Listing Office: Vitalius Real Estate Group, LLC
Selling Office: Non MREIS Agency
Last Updated: January - 19 - 2025
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. Copyright ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
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