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  • $599,000

    94 Saco Avenue, Old Orchard Beach, ME 04064

    5beds
    2,524sqft
    : 
    $3,796/mo
    Get pre-qualified
    Multi Family
    Built in 1930
    -- sqft lot
    $-- Zestimate®
    $237/sqft
    $-- HOA

    What's special

    Fully furnishedDetached garageRebuilt insulated porchNewer appliancesTwo dedicated parking spacesSix dedicated parking spacesIn-unit laundry
    Turnkey Mixed-Use Investment Opportunity in the Heart of Old Orchard Beach! Welcome to 94 Saco Avenue, a fully furnished, income-producing mixed-use property just a 10-minute walk to the iconic Old Orchard Beach Pier, seven miles of sandy beach, restaurants, shopping, and entertainment. Whether you're expanding your investment portfolio, operating a successful short-term rental business, or taking advantage of the commercial zoning, this property offers immediate cash flow and exceptional versatility. This well-maintained two-unit property features a 3-bedroom, 1.5-bath first-floor unit with in-unit laundry, a newly rebuilt and insulated enclosed porch currently configured with two additional Airbnb beds, and six dedicated parking spaces. The unit is nearly fully booked for the current Airbnb season with a proven rental history. The second-floor unit offers 2 bedrooms, 1 bath, and two dedicated parking spaces. It is also nearly fully booked for the summer before transitioning to a signed winter lease through May 2027, providing reliable year-round income. The property is being sold fully furnished and stocked with Airbnb essentials, making it truly turnkey. The surveillance camera system conveys, allowing a seamless transition for continued short-term rental management. Income and expense statements are available for qualified buyers. Commercial Mixed-Use zoning offers additional value with a detached garage that could be converted into a workshop, studio, office, or retail space (subject to local approvals). An existing leased business sign at the front of the property provides an additional passive income stream. Recent updates include a new roof (2024), new siding and windows (2025), a rebuilt insulated porch, newer appliances, and more (see documents for complete list). Priced at $599,000, this rare coastal investment offers multiple income streams, commercial flexibility, proven rental performance.
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    Zillow last checked:

    Listing updated:

    Listed by:

    Elevate Maine Realty

    Source: Maine Listings,MLS#: 1672921MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 3
      • Full bathrooms: 2
      Heating
      • Baseboard, Forced Air
      Cooling
      • None
      Features
      • 1st Floor Bedroom, Bathtub, Shower
      • Flooring: Carpet, Vinyl
      • Basement: Bulkhead,Exterior Entry,Full
      • Furnished: Yes
      Interior area
      • Total structure area: 2,524
      • Total interior livable area: 2,524 sqft
      • Finished area above ground: 1,684
      • Finished area below ground: 840

      Property

      Parking
      • Total spaces: 1
      • Parking features: Common, Paved, 5 - 10 Spaces, Detached
      • Garage spaces: 1
      Accessibility
      • Accessibility features: 32 - 36 Inch Doors
      Features
      • Stories: 2
      • Patio & porch: Glassed-in Porch, Porch
      Lot
      • Size: 5,662 Square Feet
      • Features: City Lot, Near Country Club, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Near Railroad, Corner Lot, Level, Open Lot, Sidewalks
      Details
      • Parcel number: OOBHM206B5L10
      • Zoning: R-2
      • Other equipment: Internet Access Available

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Cottage,Shingle
      • Property subtype: Multi Family
      Materials
      • Wood Frame, Vinyl Siding
      • Foundation: Block
      • Roof: Composition,Shingle
      Condition
      • Year built: 1930

      Utilities & green energy

      • Electric: Circuit Breakers
      • Sewer: Public Sewer
      • Water: Public
      Green energy
      • Energy efficient items: 90% Efficient Furnace, Water Heater

      Community & HOA

      Community
      • Security: Security System
      Location
      • Region: Old Orchard Beach

      Financial & listing details

      • Price per square foot: $237/sqft
      • Tax assessed value: $413,500
      • Annual tax amount: $4,499
      • Date on market: 7/22/2026
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/22/2026Listed for sale$599,000+64.6%$237/sqft
        Source: Maine Listings #1672921 Report a problem
        11/8/2022Listing removed--
        Source: Zillow Rental Manager Report a problem
        11/2/2022Price change$2,450-18.3%$1/sqft
        Source: Zillow Rental Manager Report a problem
        10/2/2022Listed for rent$3,000$1/sqft
        Source: Zillow Rental Manager Report a problem
        12/6/2021Sold$364,000-1.1%$144/sqft
        Source: Maine Listings #1503683 Report a problem
        10/5/2021Pending sale$367,900+60%$146/sqft
        Source: Maine Listings #1503683 Report a problem
        11/8/2013Listing removed$229,900$91/sqft
        Source: Old Orchard Beach - WEICHERT, REALTORS - Waterglen Group #1064094 Report a problem
        10/4/2013Listed for sale$229,900$91/sqft
        Source: Old Orchard Beach - WEICHERT, REALTORS - Waterglen Group #1064094 Report a problem
        8/23/2012Listing removed$229,900$91/sqft
        Source: Portland - WEICHERT, REALTORS - Waterglen Group #1064094 Report a problem
        8/19/2012Price change$229,900-8%$91/sqft
        Source: Portland - WEICHERT, REALTORS - Waterglen Group #1064094 Report a problem
        8/4/2012Listed for sale$249,900-75%$99/sqft
        Source: Portland - WEICHERT, REALTORS - Waterglen Group #1064094 Report a problem
        10/22/2010Listing removed$1,000,000$396/sqft
        Source: Weichert Realtors Report a problem
        8/13/2010Listed for sale$1,000,000$396/sqft
        Source: Weichert Realtors Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$4,499 +4.2%$413,500 +9.2%
        2023$4,317 +2.5%$378,700 +10.1%
        2022$4,211 +15.7%$344,000 +33.8%
        2021$3,641 -4.2%$257,100 +4.3%
        2020$3,799 +0.4%$246,400 +1%
        2019$3,782 +2.1%$244,000 +0.8%
        2018$3,704 +2.8%$242,100 +5.5%
        2017$3,603 +2.1%$229,500 +0.5%
        2016$3,530 +3.9%$228,300
        2014$3,397 $228,300 +11.6%
        2006-- $204,600
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        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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        Climate risks

        Neighborhood: 04064

        Getting around

        77 / 100
        Very Walkable
        67 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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