Duplex With Rear
62 Evergreen Avenue, Old Orchard Beach, ME 04064
New
MULTI_FAMILY - Old Orchard Beach, ME
Property size:
3,931 SFLot size:
0.12 AcresPrice / SF:
$208/SF- Added:
- Jun 28, 2026
- Days on Market:
- 4
- Last Refresh:
- Jul 1 at 1:06 pm
Property Features for 62 Evergreen Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-2
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Basement, Bathroom 4
- Patio and Porch features
- Porch
- Interior features
- Bathtub
- Basement
- Full
- Standard status
- Active
- Size
- 3,931 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5602
Utilities
- Sewer type
- Public Sewer
- Heating system
- Propane (Heating), Forced Air, Space Heater, Heat Pump (Heating), Electric (Heating), Oil
- Cooling system
- Heat Pump
- Water source
- Public
- Water front features
- Ocean Front
- Water front
- 1
Building Details
- Year built
- 1900
- Number of units
- 3
- Flooring type
- Wood, Tile
- Building materials
- Wood Frame, Clapboard, Shingle Siding
- Roof type
- Shingle
Listing agent Sonja Nielsen (207) 650-2729
Listing office EXP Realty 41 Hutchins Drive Building 3, Rangeley, ME (888) 439-8743
Listing date Jun 28, 2026
MLS# 1660635
Listing URL
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Ocean front property with a duplex plus a detached rear cottage on 62 Evergreen Avenue
- Duplex includes two updated 2‑bedroom units with modern kitchens and in‑unit washers and dryers
- One duplex unit is currently owner‑occupied; the other provides dependable annual rental income
- Detached cottage has a summer short‑term vacation rental history and winter rental use from October through May
- Fenced backyard with spacious patio, outdoor fireplace, and hot tub
- Off‑street parking for up to six vehicles; public water and public sewer
Overview
This property at 62 Evergreen Avenue is a multi-family setup featuring a front duplex and a separate detached rear cottage. The duplex contains 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 other provides annual rental income. Behind the duplex, the detached cottage has a demonstrated rental track record, operating as a short-term vacation rental during the summer months and as a winter rental from October through May.
Outside, the home includes a fenced yard and an outdoor patio area designed for tenant and guest comfort. Additional outdoor amenities include an outdoor fireplace and a hot tub. Off-street parking is available for up to six vehicles, supporting multiple resident and guest needs.
For buyers seeking flexible income options, the combination of a two-unit duplex with a separate cottage can support owner-occupancy while maintaining rental coverage. The cottage’s seasonal pattern and the duplex’s configuration may appeal to owner-operators looking for a property that can accommodate both year-round and time-based rental use, depending on their goals and local requirements.
Outside, the home includes a fenced yard and an outdoor patio area designed for tenant and guest comfort. Additional outdoor amenities include an outdoor fireplace and a hot tub. Off-street parking is available for up to six vehicles, supporting multiple resident and guest needs.
For buyers seeking flexible income options, the combination of a two-unit duplex with a separate cottage can support owner-occupancy while maintaining rental coverage. The cottage’s seasonal pattern and the duplex’s configuration may appeal to owner-operators looking for a property that can accommodate both year-round and time-based rental use, depending on their goals and local requirements.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $100.0k | $25.44 |
| − Vacancy | −$4.9k | −$1.26 |
| EGI | $95.1k | $24.18 |
| − OpEx | −$28.5k | −$7.25 |
| NOI | $66.5k | $16.93 |
3,931 SF · lease $25.44/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$950.6K
$831.8K – $1.11M
NOI $66,545 @ 7.0% cap · market cap 8.13%
Second Best
Apartment 5plus
$867.9K
$759.4K – $1.01M
NOI $60,751 @ 7.0% cap · market cap 7.42%
Theoretical Best
Office A
$1.25M
$1.09M – $1.45M
NOI $87,228 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Old Orchard Beach
- County
- York
- State
- Maine
- Longitude
- -70.386984
- Latitude
- 43.513647
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Two updated 2-bedroom units plus a detached rear cottage, each with established rental history and private outdoor space.
Where is this triplex located?
The property is located at 62 Evergreen Avenue Old Orchard Beach, ME.
What is the asking price?
The asking price for this property is $819,000.
What are key features of this property?
This property features: Ocean front property with a duplex plus a detached rear cottage on 62 Evergreen Avenue; Duplex includes two updated 2‑bedroom units with modern kitchens and in‑unit washers and dryers; One duplex unit is currently owner‑occupied; the other provides dependable annual rental income
