4-Unit Multifamily
For Sale
$999,999
105 Union Avenue, Old Orchard Beach, ME 04064
Multi-Family, Old Orchard Beach, ME
Property Size4,016 SF
Lot Size0.25 Acres
Price / SF$249
Days on Market47
Property Features for 105 Union Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bathrooms
4
Full bathrooms
4
Rooms
Basement, Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 3
Patio and Porch features
Porch
Interior features
1st Floor Bedroom, Pantry
Basement
Full, Sump Pump, Unfinished
Lot features
Open, Level, Sidewalks, Near Public Beach, Near Shopping, Near Turnpike/ Interstate, Near Town, Neighborhood, Near Public Transit, Near Railroad
Standard status
Active
Size
4,016 SF
Lot size
0.25 Acres
Additional Details
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8667
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Baseboard, Oil, Hot Water(Heating), Kerosene, Electric (Heating)
Cooling system
Heat Pump
Water source
Public
Amenities
wrap around front porch
outdoor dining/recreation/entertaining area
heat pump technology
Building Details
Year built
1900
Floors in Building
2
Number of units
4
Flooring type
Laminate, Vinyl, Wood
Building materials
Wood Frame, Shingle Siding, Vinyl Siding, Wood Siding
Roof type
Shingle
Architectural style
Shingle, Colonial
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Cristina Eugen
(207) 710-1477
Added: Sep 16
Changed: Oct 27
Last Checked: Nov 1 at 8:06AM
MLS# 1680766
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.
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Investment Insights
Based on property information with market context.
This 4,016-square-foot multifamily property contains four units: two with two bedrooms and two with three. Built in 1900, the wood-frame building has shingle and siding exterior materials, a wraparound porch, and separate meters. Heat pumps provide cooling and are among the listed heating systems. Public water and sewer serve the property, which occupies a 0.25-acre lot zoned R2.
Two units in one building were renovated in 2018. The lower unit in the original home retains its older architectural character, while the upper unit in that home is unfinished. The property also has four driveways, an outdoor dining and recreation area, and a basement. A convenience store is within walking distance in Old Orchard Beach.
Two units in one building were renovated in 2018. The lower unit in the original home retains its older architectural character, while the upper unit in that home is unfinished. The property also has four driveways, an outdoor dining and recreation area, and a basement. A convenience store is within walking distance in Old Orchard Beach.
Key Highlights
- Four units: two two‑bedroom residences and two three‑bedroom residences
- 4,016 square feet on a 0.25‑acre lot
- R2 zoning; public water and public sewer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,064
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,241,280
$1.2M
Cap Rate 7%
$886,629
$886.6K
Cap Rate 9%
$689,600
$689.6K
Market Conditions
NOI Build-Up for 4,016 SF
Gross rent
$119.0K $29.64/SF
− Vacancy
−$6.2K −$1.54/SF
EGI
$112.8K $28.10/SF
− OpEx
−$50.8K −$12.64/SF
NOI
$62.1K $15.45/SF
Area
York County, ME
Vacancy
5.20%
Lease Rate
$29.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,241,280
Cap Rate 7%
$886,629
Cap Rate 9%
$689,600
Alternative Uses
Best Use
Apartment 5plus
$886.6K
$775.8K – $1.03M
NOI $62,064 @ 7.0% cap · market cap 6.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.11M – $1.49M
NOI $89,114 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
305
Businesses Nearby
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Business Placement
Demographics for 04064, ME
8,452
Population
6,783
Households
1.2
Avg Household Size
53
Median Age
40%
College-Educated
96%
High-School Grad
6.7 sq mi
ZIP Area
1,261
Density / Sq Mi
$66,689
Median Household Income
$42,532
Median Earnings
$1,142
Median Rent
$312,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Four residences combine a two- and three-bedroom mix with separate meters and individual driveways.
Where is this multifamily property located?
The property is located at 105 Union Avenue Old Orchard Beach, ME.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Four units: two two‑bedroom residences and two three‑bedroom residences; 4,016 square feet on a 0.25‑acre lot; R2 zoning; public water and public sewer
