*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!
Closed
$2,175,000
27-33 Odessa Avenue, Old Orchard Beach, ME 04064
19beds
6,504sqft
Multi Family
Built in 1960
-- sqft lot
$2,085,600 Zestimate®
$334/sqft
$1,789 Estimated rent
Home value
$2,085,600
$1.84M - $2.36M
$1,789/mo
Zestimate® history
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$10,772/mo
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Zillow last checked:
Listing updated:
Listed by:
Vitalius Real Estate Group, LLC
Bought with:
Non MREIS Agency
Source: Maine Listings,MLS#: 1595571
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 19
- Bathrooms: 10
- Full bathrooms: 9
- 1/2 bathrooms: 1
Heating
- Baseboard, Hot Water
Cooling
- None
Features
- Flooring: Tile, Vinyl, Wood
- Basement: Exterior Entry,Full,Unfinished
Interior area
- Total structure area: 6,504
- Total interior livable area: 6,504 sqft
- Finished area above ground: 6,504
- Finished area below ground: 0
Property
Parking
- Parking features: Other, 5 - 10 Spaces, Off Street
Lot
- Size: 1.06 Acres
- Features: Near Turnpike/Interstate, Near Town, Level, Open Lot
Details
- Parcel number: OOBHM315B5L2
- Zoning: R-3
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other,Ranch
- Property subtype: Multi Family
Materials
- Wood Frame, Shingle Siding
- Roof: Shingle
Condition
- Year built: 1960
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Private
- Utilities for property: Utilities On
Community & HOA
Location
- Region: Old Orchard Beach
Financial & listing details
- Price per square foot: $334/sqft
- Tax assessed value: $1,097,140
- Annual tax amount: $16,100
- Date on market: 7/8/2024
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 9/16/2024 | Sold | $2,175,000-3.3%$334/sqft |
Source:  Maine Listings #1595571 Report a problem | ||
| 7/29/2024 | Pending sale | $2,250,000$346/sqft |
Source: Maine Listings #1595571 Report a problem | ||
| 7/8/2024 | Price change | $2,250,000+40.6%$346/sqft |
Source: Maine Listings #1595571 Report a problem | ||
| 7/8/2024 | Listed for sale | $1,600,000$246/sqft |
Source: Maine Listings #1595445 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $11,937 +7.8% | $1,097,140 +12.9% |
| 2023 | $11,075 +7.5% | $971,500 +15.4% |
| 2022 | $10,306 -1.2% | $842,000 +14.2% |
| 2021 | $10,436 -3.9% | $737,000 +4.7% |
| 2020 | $10,859 -0.5% | $704,200 |
| 2019 | $10,915 +15.6% | $704,200 +14.1% |
| 2018 | $9,440 +3.6% | $617,000 +6.3% |
| 2017 | $9,112 +1.6% | $580,400 +0.1% |
| 2016 | $8,968 +1.8% | $580,100 |
| 2015 | $8,806 +2% | $580,100 |
| 2014 | $8,632 +7.8% | $580,100 |
| 2013 | $8,005 -1.6% | $580,100 -4.2% |
| 2012 | $8,138 +3.9% | $605,500 |
| 2009 | $7,835 -0.7% | $605,500 -0.7% |
| 2008 | $7,893 | $610,000 |
Find assessor info on the county website
Neighborhood: 04064
Nearby homes
- $3,0004 bd3 ba1.6k sqft28 Reggio Ave, Old Orchard Beach, ME 04064For Rent
- $816,8006 bd6 ba3.1k sqft40-44 Reggio Ave, Old Orchard Beach, ME 04064Off Market
- $268,8002 bd2 ba950 sqft20 Odessa Ave APT 2, Old Orchard Beach, ME 04064Sold
- $2,2002 bd1 ba950 sqft29 Odessa Ave #B, Old Orchard Beach, ME 04064For Rent
- $--2 bd1 ba950 sqft29 Odessa Ave #A, Old Orchard Beach, ME 04064Off Market
- $678,2005 bd2 ba1.8k sqft31 Reggio Ave, Old Orchard Beach, ME 04064Off Market
- $541,3004 bd1 ba1.1k sqft33 Reggio Ave, Old Orchard Beach, ME 04064Off Market
- $3,000,0003 bd3 ba3.4k sqft136 W Grand Ave, Old Orchard Beach, ME 04064Sold
Nearby schools
GreatSchools rating
- 3/10Loranger Middle SchoolGrades: 3-8Distance: 0.7 mi
- 5/10Old Orchard Beach High SchoolGrades: 9-12Distance: 1 mi
- NAJameson Elementary SchoolGrades: PK-2Distance: 0.7 mi
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$2,085,600
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$2,127,312
- Maine
- York County
- Old Orchard Beach
- 04064
- 27-33 Odessa Avenue
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