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Active
    • Price cut: $50K (8/26)
    $599,999

    107 Ocean Avenue, Old Orchard Beach, ME 04064

    6beds
    2,199sqft
    : 
    $3,843/mo
    Get pre-qualified
    Multi Family
    Built in 1880
    -- sqft lot
    $586,800 Zestimate®
    $273/sqft
    $-- HOA

    What's special

    Peaceful backyardExtensive interior renovationsNew roofAmple basement storageExterior improvementsDual heating systemsNumerous new windows
    Searching for a turnkey multi-unit, the major work has already been done AND short distance to the beach? Then welcome to 107 Ocean Ave in Old Orchard Beach, offering a cap rate of 9.1! This three unit property has had significant renovations completed in 2022, which include a new roof and siding, exterior improvements, updated electrical and plumbing systems, three new heating systems, three new hybrid water heaters, and numerous new windows! Extensive interior renovations have also been completed, offering updated living spaces throughout. Additional features include two closed in glass porches, a peaceful backyard, and ample basement storage. A driveway has been installed, so no need for tenants to look for off street parking! Each unit is separately metered with its own electrical panel, dual heating systems, and individual propane tanks, which offer ease of management. Whether you're seeking an investment property, Airbnb, or owner occupied multi-unit in a desirable location that the heavy lifting has already been done, please reach out to me!
    198 days
    779
    38

    Zillow last checked:

    Listing updated:

    Listed by:

    Century 21 North East

    Source: Maine Listings,MLS#: 1652589MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 3
      • Full bathrooms: 3
      Heating
      • Baseboard
      Cooling
      • None
      Features
      • Shower
      • Flooring: Tile, Wood, Luxury Vinyl
      • Doors: Storm Door(s)
      • Windows: Double Pane Windows, Storm Window(s)
      • Basement: Bulkhead,Interior Entry,Partial,Unfinished
      Interior area
      • Total structure area: 2,199
      • Total interior livable area: 2,199 sqft
      • Finished area above ground: 2,199
      • Finished area below ground: 0

      Property

      Parking
      • Parking features: Gravel, 5 - 10 Spaces, On Site, On Street
      • Has uncovered spaces: Yes
      Features
      • Levels: Multi/Split
      • Patio & porch: Glassed-in Porch
      Lot
      • Size: 3,920 Square Feet
      • Features: City Lot, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Neighborhood, Level, Open Lot
      Details
      • Additional structures: Shed(s)
      • Parcel number: OOBHM314B11L8
      • Zoning: R2
      • Other equipment: Cable, Internet Access Available

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: New Englander
      • Property subtype: Multi Family
      Materials
      • Other, Vinyl Siding
      • Foundation: Poured Concrete
      • Roof: Shingle
      Condition
      • Year built: 1880

      Utilities & green energy

      • Electric: On Site, Circuit Breakers
      • Sewer: Public Sewer
      • Water: Public
      Green energy
      • Energy efficient items: Dehumidifier, Water Heater, Thermostat

      Community & HOA

      Location
      • Region: Old Orchard Beach

      Financial & listing details

      • Price per square foot: $273/sqft
      • Tax assessed value: $378,300
      • Annual tax amount: $4,116
      • Date on market: 2/24/2026
      • Electric utility on property: Yes

        Estimated market value

        $586,800

        $557,000 - $616,000

        $2,273/mo

        Price history

        DateEventPrice
        8/26/2026Price change$599,999-7.7%$273/sqft
        Source: Maine Listings #1652589 Report a problem
        6/10/2026Price change$649,999-7.1%$296/sqft
        Source: Maine Listings #1652589 Report a problem
        2/24/2026Listed for sale$699,999+263.6%$318/sqft
        Source: Maine Listings #1652589 Report a problem
        12/21/2021Sold$192,500-14.4%$88/sqft
        Source: Maine Listings #1502567 Report a problem
        10/21/2021Pending sale$225,000$102/sqft
        Source: Maine Listings #1502567 Report a problem
        9/22/2021Price change$225,000-9.1%$102/sqft
        Source: Maine Listings #1502567 Report a problem
        8/17/2021Price change$247,500-4.3%$113/sqft
        Source: Maine Listings #1502567 Report a problem
        8/6/2021Price change$258,500-6%$118/sqft
        Source: Maine Listings #1502567 Report a problem
        7/27/2021Listed for sale$275,000$125/sqft
        Source: Maine Listings #1502567 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$4,116 -8.3%$378,300 -3.9%
        2023$4,487 +60%$393,600 +71.7%
        2022$2,805 +76.2%$229,200 +103.9%
        2021$1,592 +2.8%$112,400 +12%
        2020$1,548 -0.5%$100,400
        2019$1,556 +5.3%$100,400 +3.9%
        2018$1,478 -15.9%$96,600 -13.8%
        2017$1,758 +1.3%$112,000 -0.2%
        2016$1,735 +1.9%$112,200
        2015$1,703 +2%$112,200
        2014$1,670 -9.8%$112,200 -16.3%
        2013$1,851 -13.3%$134,100 -15.6%
        2012$2,134 +2.8%$158,800 -1%
        2009$2,076 $160,400
        2008$2,076 $160,400 +7.7%
        2006-- $149,000
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 04064

        Getting around

        71 / 100
        Very Walkable
        58 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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