You don't see property like this every day. It is a pleasure to offer this 4- unit where the owner has updated 4 kitchens, 3.5 baths, installed 5 heat pumps for heat and AC, all powered by the brand-new solar panels on the brand-new roof!! Electricity expected to run $21.55/ unit / month. Gross revenue is $81,600 +/- (estimated for owner's unit) and expenses including property taxes and vacancy are $12,913+/-. Today this building has an 8.2 cap rate and that is before you consider renting the 3- bay garage or expanding the Air BnB possibilities. New electrical panels, Buderus boiler and a basement you can actually use make this a great property to own long-term. Located 5 minutes from the beach, the Pier, Ocean Park, Bidd-Saco Country Club, and Funtown, there are all kinds of opportunities to either live and have fun or make this a great investment, or both. Showing Thursday 4-6 and Saturday 1-3pm.
Closed
$850,000
8 Old Orchard Road, Old Orchard Beach, ME 04064
4beds
2,215sqft
Multi Family
Built in 1965
-- sqft lot
$792,100 Zestimate®
$384/sqft
$2,104 Estimated rent
Home value
$792,100
$713,000 - $871,000
$2,104/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: July 16, 2025 at 05:21am
Listed by:
EXP Realty
Bought with:
The Maine Real Estate Group
Source: Maine Listings,MLS#: 1596904
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 6
- Full bathrooms: 4
- 1/2 bathrooms: 2
Heating
- Heat Pump
Cooling
- Heat Pump
Features
- Flooring: Carpet, Laminate, Tile
- Basement: Interior Entry,Full,Unfinished
- Furnished: Yes
Interior area
- Total structure area: 2,215
- Total interior livable area: 2,215 sqft
- Finished area above ground: 2,215
- Finished area below ground: 0
Property
Parking
- Total spaces: 3
- Parking features: Paved, 5 - 10 Spaces, On Site, Off Street
- Attached garage spaces: 3
Features
- Stories: 2
- Patio & porch: Porch
Lot
- Size: 0.41 Acres
- Features: Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Level, Open Lot, Landscaped
Details
- Parcel number: OOBHM212B3L2
- Zoning: GB-1
- Other equipment: Internet Access Available, Other
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Cape Cod
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Roof: Shingle
Condition
- Year built: 1965
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On
Green energy
- Water conservation: Other/See Internal Remarks
Community & neighborhood
Location
- Region: Old Orchard Beach
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 10/23/2024 | Sold | $850,000+1.3%$384/sqft |
Source:  Maine Listings #1596904 Report a problem | ||
| 7/22/2024 | Pending sale | $839,000$379/sqft |
Source: Maine Listings #1596904 Report a problem | ||
| 7/15/2024 | Listed for sale | $839,000+168.7%$379/sqft |
Source: Maine Listings #1596904 Report a problem | ||
| 12/28/2018 | Sold | $312,300+0.7%$141/sqft |
Source: Maine Listings #1375037 Report a problem | ||
| 10/25/2018 | Listed for sale | $310,000$140/sqft |
Source: Patry Family Realty, Inc. #1375037 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,810 +12.4% | $625,893 +17.8% |
| 2023 | $6,059 +7.6% | $531,487 +15.5% |
| 2022 | $5,630 +5.1% | $460,000 +21.6% |
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: 1.1 mi
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