40 E Grand Avenue, Old Orchard Beach, ME 04064
$1,225,000
Property Type:
Multi-Family
Baths:
4
Square Footage:
2,427
Lot Size (sq. ft.):
5,663
Status:
Active
Current Price:
$1,225,000
List Date:
7/08/2025
Last Modified:
1/04/2026
Description
Discover the potential of this remarkable property, featuring five rental units with significant upside for the new owner. The front building includes two spacious 2-bedroom units, each with stunning ocean views, full kitchens, and a front porch that overlooks the lively OOB scene as well as a charming sandwich shop. The rear building offers two recently updated 1-bedroom units, each with a modern kitchen. All units have designated off-street parking spots year-round, plus an extra spot available in the winter months. Located directly across from the sandy beach, with a crosswalk in front and direct beach access via Aldine Terrace, this property is perfectly situated. Enjoy easy walks to the beach, the pier, and all that OOB has to offer. Currently used as an Airbnb, this property generates approximately $80k in summer revenue and an additional $60k from month-to-month rentals in the off-season. Ideal as an income property, a family beach compound, or a combination of both, this is an opportunity not to be missed!
Supplements: ********
More Information MLS# 1629599
Location Information
Book: 18942
Leased Land: No
Page: 200
Map: 305
Block: 6
Lot: 3
Zoning Overlay: Unknown
Association: No
Tree Growth Y/N: No
Street #: 40
Pre Direction: E
Street Name: Grand
Street Type: Avenue
County: York
Town: Old Orchard Beach
State/Province: ME
Zip Code: 04064
Zip +4: 2868
Zoning: DD-2
Full Tax Amount $: 9191
Tax Year: 2024
Geo Lat: 43.518869
Geo Lon: -70.37215
Property Information
Surveyed: No
Seasonal: No
Owner Occupied: No
Number of Units: 5
Deed/Conveyance Type Offered: Warranty
Deed: All
Deed Restrictions: Yes
2 Detached Houses on 1 Lot: Yes
Lot Size Acres +/-: 0.13
Total Baths: 4
Total Half Baths: 0
Color: Light Green, White
Source of Road Frontage: Public Records
SqFt Finished Above Grade: 2427
SqFt Finished Below Grade: 0
SqFt Source: Public Records
Furniture: Furnished
Garage: No
Garage Spaces: 0
Total Full Baths: 4
Year Built: 1910
SqFt Finished Total: 2427
Source of Acreage: Public Records
Levels
Multi-Level: 1
Site
Level: 1
Right of Way: 1
Sidewalks: 1
Location
Near Public Beach: 1
Near Railroad: 1
Near Shopping: 1
Near Town: 1
Roads
Public: 1
Water Info
Water Frontage: No
Water View: Yes
Water Body Name: Atlantic Ocean
Water Body Type
Ocean: 1
Recreational Water
Public: 1
Style
Other: 1
Construction
Wood Frame: 1
Basement
Finished: 1
Partial: 1
Walk-Out Access: 1
View
Scenic: 1
Exterior
Vinyl Siding: 1
Roof
Shingle: 1
Heat System
Baseboard: 1
Direct Vent Heater: 1
Hot Water: 1
Heat Fuel
Gas Bottled: 1
Oil: 1
Income & Expenses
Gross Income: 138400
Operating Expenses: 25000
Cooling
Wall/Window Unit(s): 1
Floors
Carpet: 1
Laminate: 1
Vinyl: 1
Wood: 1
Units
# of 1 BD Units: 3
# of 2 BD Units: 2
Parking
5 - 10 Spaces: 1
On Site: 1
Unit 1
Lease: No
Level: First
Security Deposit: No
Monthly Rent: 1960
# Full Baths: 1
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: No
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Electric
Circuit Breakers: 1
Unit 2
Lease: No
Level: Second
Security Deposit: No
Monthly Rent: 1795
# Full Baths: 1
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: No
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Utilities
Utilities On: Yes
Unit 3
Lease: No
Level: First
Security Deposit: No
Monthly Rent: 1575
# Full Baths: 1
# of Rooms: 3
# of Bedrooms: 1
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Gas
Bottled: 1
Unit 4
Lease: No
Level: Second
Security Deposit: No
Monthly Rent: 1575
# Full Baths: 1
# of Rooms: 3
# of Bedrooms: 1
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Sewer
Public Sewer: 1
Unit 5
Lease: No
Level: First
Security Deposit: No
Monthly Rent: 334
# of Rooms: 1
Dedicated Electric Meter: No
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Water
Public: 1
Driveway
Common: 1
Paved: 1
Restrictions
Pet: 1
Basement Entry
Interior: 1
Water Heater
Electric: 1
Amenities
Laundry - Hookup: 1
Storage: 1
Patio and Porch Features
Porch: 1
Equipment
Cable: 1
Internet Access Available: 1
Vehicle Storage
No Vehicle Storage: 1
Contract Information
Status: Active
Original List Price: 1300000
List Price: $1,225,000
Current Price: $1,225,000
Property Features
Site: Level; Right of Way; Sidewalks
Location: Near Public Beach; Near Railroad; Near Shopping; Near Town
Roads: Public
Water Body Type: Ocean
Recreational Water: Public
View: Scenic
Style: Other
Levels: Multi-Level
Construction: Wood Frame
Basement: Finished; Partial; Walk-Out Access
Basement Entry: Interior
Exterior: Vinyl Siding
Roof: Shingle
Heat System: Baseboard; Direct Vent Heater; Hot Water
Heat Fuel: Gas Bottled; Oil
Water Heater: Electric
Cooling: Wall/Window Unit(s)
Floors: Carpet; Laminate; Vinyl; Wood
Amenities: Laundry - Hookup; Storage
Patio and Porch Features: Porch
Equipment: Cable; Internet Access Available
Driveway: Common; Paved
Parking: 5 - 10 Spaces; On Site
Vehicle Storage: No Vehicle Storage
Restrictions: Pet
Electric: Circuit Breakers
Gas: Bottled
Sewer: Public Sewer
Water: Public
Property Disclosure Public Access ›
Listing Office:
Plowman Realty Group
IDX
Last Updated: January - 04 - 2026
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