Three unit investment opportunity in Old Orchard, minutes from the pier. Great location with quick access to 95 and Route 1. Low owner expenses, each unit is heated and cooled with heat pumps. Great rental history, this would make a fantastic investment or owner occupied property. Dedicated storage shed for each unit in the rear and plenty of off-street parking. Two of the units are month to month allowing the new owner to adjust to market rents or owner occupy.
Closed
$574,000
36 Smithwheel Road, Old Orchard Beach, ME 04064
5beds
1,928sqft
Multi Family
Built in 1984
-- sqft lot
$-- Zestimate®
$298/sqft
$3,105 Estimated rent
Home value
Not available
Estimated sales range
Not available
$3,105/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: January 17, 2025 at 07:07pm
Listed by:
Maine Real Estate Experts
Bought with:
Real Estate 2000 ME/NH
Source: Maine Listings,MLS#: 1586051
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Heat Pump
Cooling
- Heat Pump
Features
- Storage
- Flooring: Laminate, Tile
Interior area
- Total structure area: 1,928
- Total interior livable area: 1,928 sqft
- Finished area above ground: 1,928
- Finished area below ground: 0
Property
Parking
- Parking features: Paved, Off Street
Lot
- Size: 0.41 Acres
- Features: Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Level
Details
- Additional structures: Shed(s)
- Parcel number: OOBHM210B2L1
- Zoning: R-4
- Other equipment: Internet Access Available
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Foundation: Slab
- Roof: Metal
Condition
- Year built: 1984
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On
Community & neighborhood
Location
- Region: Old Orchard Beach
Price history
| Date | Event | Price |
|---|---|---|
| 8/23/2024 | Sold | $574,000-0.9%$298/sqft |
Source:  Maine Listings #1586051 Report a problem | ||
| 6/5/2024 | Pending sale | $579,000$300/sqft |
Source: Maine Listings #1586051 Report a problem | ||
| 4/24/2024 | Price change | $579,000-3.5%$300/sqft |
Source: Maine Listings #1586051 Report a problem | ||
| 4/10/2024 | Listed for sale | $600,000+71.4%$311/sqft |
Source: Maine Listings #1586051 Report a problem | ||
| 11/14/2018 | Sold | $350,000$182/sqft |
Source: Maine Listings #1367925 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,570 +9.2% | $511,930 +14.4% |
| 2023 | $5,103 +2.4% | $447,623 +10% |
| 2022 | $4,982 +7.7% | $407,000 +24.6% |
Find assessor info on the county website
Neighborhood: 04064
Nearby schools
GreatSchools rating
- NAJameson Elementary SchoolGrades: PK-2Distance: 0.9 mi
- 3/10Loranger Middle SchoolGrades: 3-8Distance: 1 mi
- 5/10Old Orchard Beach High SchoolGrades: 9-12Distance: 1 mi
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