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    Old Orchard Beach Multifamily Investment
    Updated: May 31, 2022
    Old Orchard Beach Multifamily Investment

    96 1st St, Old Orchard Beach, ME 04064

    $1,090,000
    2,869 sqft
    Year‑round apartment building in a beachfront community (Old Orchard Beach).
    Potential for Air B&B income.
    Live in one unit and rent the others to offset mortgage costs.
    Tenants pay their own heat, electricity, cable/internet.
    Good parking for tenants.
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    This listing looks promising.

    Here's a quick look at some key insights for

    96 1st St, Old Orchard Beach, ME 04064

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    • Est. Cap Rate

      4.1%
      NOI ÷ price

    • Est. NOI

      $44K
      Annual

    • Price @ 7% Cap

      $633K
      Suggested

    • Property Type

      Apartments (Generic)
      Built 1925
    View Property Analytics
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 Active listings in Old Orchard Beach, ME, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Scarborough Multifamily Investment Opportunity
    Scarborough Multifamily Investment Opportunity

    90 Broadturn Road, Scarborough, ME 04074

    $2,999,999
    11,478 sqft 9.00 AC lot

    Sixteen-unit multifamily property in Scarborough with recent renovations and strong occupancy.

    View details
    Turnkey Investment Property in Biddeford
    Turnkey Investment Property in Biddeford

    11 King Street, Biddeford, ME 04005

    $899,900
    3,853 sqft 0.09 AC lot

    Five-unit, fully leased investment property near downtown Biddeford.

    View details
    Multifamily Apartment Building
    Multifamily Apartment Building

    90 Broadturn Road, Unit 1, Scarborough, ME 04074

    $2,999,999
    11,478 sqft

    Residential income property offered for sale in Scarborough, with a stated building size of 11,478.

    View details
    Historic Mixed-Use Redevelopment Opportunity
    Historic Mixed-Use Redevelopment Opportunity

    25 Alfred St, Biddeford, ME

    $895,000
    17,385 sqft 0.13 AC lot

    Historic Laconia Lodge in Biddeford primed for mixed-use redevelopment.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Detached Two-Family Residence
    Detached Two-Family Residence

    69 Martense Street, Brooklyn, NY 11226

    $1,888,888
    0.10 AC lot

    Detached two-family home with two 3-bedroom apartments and a semi-finished basement featuring a separate entrance.

    View details
    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

    View details
    Central Business Zoned Development Land
    Central Business Zoned Development Land

    107 HOWARD Street, La Plata, MD 20646

    $250,000
    0.23 AC lot

    Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

    View details
    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    View details

    Off-Market Properties in Old Orchard Beach, ME

    Consider similar Off-Market properties in Old Orchard Beach, ME. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    105 Union Ave
    Multifamily properties

    105 Union Ave, Old Orchard Beach, ME 04064

    Value Estimation by Request
    6,152 sqft 0.26 AC lot
    View details

    Old Orchard Beach, ME Apartment Buildings Market Trends and Statistics

    Explore 2 apartment buildings for sale in Old Orchard Beach, ME on our real estate platform. These investment opportunities span a total of 2,869 square feet of properties for sale, with an estimated market value of $1,090,000.

    Sale prices for two-family homes in Old Orchard Beach, ME start at $1,090,000, averaging $1,090,000, and reaching up to $1,090,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 8,585
    Population Growth (5Y) +3.1%
    Median Household Income $66,689
    College Educated 55.2%

    High-Yield Neighborhoods for Investment

    Identify Old Orchard Beach submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    04064 $1.2M

    Taxes & Financing

    Tax Rate (average for all types) 1.14%
    Property Tax per SF $16.05 per SF
    Tax Rate vs County Average 0.05 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in York County

    New Delisted

    Total CRE Inventory on Market (SF)

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