25 Evergreen Avenue Old Orchard Beach, ME 04064
MULTI_FAMILY - Colonial - Old Orchard Beach, ME
- Added:
- Jul 9, 2026
- Days on Market:
- 6
- Last Refresh:
- Jul 14 at 1:06 am
Property Features for 25 Evergreen Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-2
- Bathrooms
- 4
- Rooms
- Bathroom 1, Basement, Bathroom 3, Bathroom 2, Bathroom 4
- Patio and Porch features
- Porch
- Interior features
- Attic, Shower, Storage
- Basement
- Full, Unfinished, Walk-Out Access
- Standard status
- Active
- Size
- 2,902 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 6380
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Oil, Propane (Heating)
- Water source
- Public
Building Details
- Year built
- 1908
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Tile, Vinyl, Carpet, Softwood, Plank, Linoleum
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle, Rolled Hot Mop
- Architectural style
- Colonial
- Additional Structures
- Storage
Listing agent Carrie Logan (207) 615-7054
Listing office Vitalius Real Estate Group, LLC 306 Congress Street, Suite 3, Portland, ME (207) 541-3755
Listing date Jul 9, 2026
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.
Investment Insights
Based on property information with market context.
The home is located in Old Orchard Beach, York County, and is described as a 7-minute walk to the beach. A total of nine parking spaces is provided on site, supporting tenant and guest use.
The configuration is well-suited for an owner-occupant looking to live in the main unit while receiving rental income from the two additional units. With substantial exterior and mechanical updates already completed, the next owner can focus on day-to-day management and ongoing maintenance rather than major baseline renovations. Zoning is listed as R-2.
Key Highlights
- Built in 1908 with a Colonial architectural style
- Wood‑frame home with vinyl siding and a roof featuring rolled hot mop and shingle
- Public utilities: public water and public sewer
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 | $73.8k | $25.44 |
| − Vacancy | −$3.6k | −$1.26 |
| EGI | $70.2k | $24.18 |
| − OpEx | −$21.1k | −$7.25 |
| NOI | $49.1k | $16.93 |
