105 Union Ave, Old Orchard Beach, ME 04064
Four apartments near the beach, potential for various rental strategies.
- Added:
- Dec 9, 2025
- Days on Market:
- 200
- Last Refresh:
- Mar 16 at 1:34 pm
Property Features for 105 Union Ave
General Information
- Standard status
- Active
- Size
- 4,016 SF
- Property subtype
- Multifamily
Listing office Exp Realty
Listing date Dec 9, 2025
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Exp Realty
HighLights
- Steps away from Old Orchard Beach, a 5‑mile sandy beach, and local amusements.
- Year‑round 4‑unit apartment building.
- Features a mix of unit sizes: two 2‑bedroom units and two 3‑bedroom units.
- Two buildings, one on Union Avenue and one on Ocean Avenue.
- All units are currently rented, providing immediate income.
- Multiple rental options: long‑term, short‑term (Airbnb), or owner‑occupied with rental income.
Overview
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 | $102.2k | $25.44 |
| − Vacancy | −$5.0k | −$1.26 |
| EGI | $97.1k | $24.18 |
| − OpEx | −$29.1k | −$7.25 |
| NOI | $68.0k | $16.93 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Old Orchard Beach
- County
- York
- State
- Maine
- Longitude
- -70.3878019
- Latitude
- 43.511599
