Nestled on a quiet residential street, yet just a short walk to the beach, restaurants, shops, and entertainment, 62 Evergreen Avenue offers the perfect combination of peaceful coastal living and outstanding investment potential.
This well-maintained property features a beautifully updated duplex plus a separate detached cottage, creating multiple income streams and exceptional flexibility for investors, owner-occupants, or multi-generational living.
The front duplex includes two updated 2-bedroom units, each with modern kitchens, newer appliances, in-unit washers and dryers, and bright, comfortable living spaces. One unit is currently owner-occupied, while the second provides dependable year-round rental income with the opportunity to convert to a seasonal or short-term rental for even greater earning potential.
Privately tucked behind the duplex, the detached cottage with 2 BR has a proven history as a successful summer vacation rental and winter rental from October through May, providing an additional established source of income while maintaining privacy for owners and guests alike.
Outside, enjoy a beautifully landscaped, fenced backyard complete with a spacious patio, outdoor fireplace, and hot tub--an inviting space to relax or enhance the guest experience.
With off-street parking for up to six vehicles, reliable existing rental income, and the potential to significantly increase seasonal revenue, this property offers immediate cash flow and long-term upside.
Whether you're expanding your investment portfolio, offsetting your mortgage with rental income, or seeking a versatile coastal property, this rare opportunity places you in a quiet, walkable neighborhood just moments from all the beaches, dining, shopping, and attractions that make Old Orchard Beach one of Maine's most desirable seaside communities.
87 days
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847
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31
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Zillow last checked:
Listing updated:
Listed by:
EXP Realty
Source: Maine Listings,MLS#: 1660635
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 7
Bathrooms: 4
Full bathrooms: 4
Heating
Forced Air, Heat Pump, Space Heater
Cooling
Heat Pump
Features
Bathtub
Flooring: Tile, Wood
Basement: Bulkhead,Interior Entry,Full
Interior area
Total structure area: 3,931
Total interior livable area: 3,931 sqft
Finished area above ground: 3,931
Finished area below ground: 0
Property
Parking
Parking features: Common, 5 - 10 Spaces, On Site
Features
Patio & porch: Glassed-in Porch
Lot
Size: 5,227 Square Feet
Features: Near Public Beach, Near Shopping, Near Town, Neighborhood, Corner Lot, Level
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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