Triplex with Updated
For Sale
$725,000
25 Evergreen Avenue, Old Orchard Beach, ME 04064
Multi-Family, Old Orchard Beach, ME
Property Size2,902 SF
Lot Size0.09 Acres
Price / SF$249.83
Days on Market93
Property Features for 25 Evergreen Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-2
Bathrooms
4
Full bathrooms
4
Rooms
Basement, Bathroom 4, Bathroom 2, Bathroom 3, Bathroom 1
Patio and Porch features
Porch
Interior features
Attic, Shower, Storage
Basement
Walk-Out Access, Full, Unfinished
Lot features
Level, Sidewalks, Intown, Near Public Beach, Near Shopping, Neighborhood
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
Amenities
decks
Building Details
Year built
1908
Floors in Building
2
Number of units
3
Flooring type
Softwood, Vinyl, Tile, Carpet, Plank, Linoleum
Building materials
Wood Frame, Vinyl Siding
Roof type
Rolled Hot Mop, Shingle
Architectural style
Colonial
Additional Structures
Storage
Listing Agency:
Vitalius Real Estate Group, LLC
(207) 541-3755
Listed By:
Carrie Logan
(207) 615-7054
Added: Jul 15
Changed: Oct 8
Last Checked: Oct 15 at 7:06AM
MLS# 1671099
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.
This 2,902-square-foot triplex includes a spacious three-bedroom, two-bath primary residence along with two additional rental units. The 1908 Colonial features wood-frame construction, vinyl siding, multiple decks, a rebuilt rear deck, attic and basement storage, and off-street parking. Public water and sewer serve the property, which is heated by a combination of oil, propane, and hot water systems.
Located in Old Orchard Beach, the property is approximately a seven-minute walk from the beach. Improvements include 56 replacement windows, updated siding, roof work, water heaters, basement and attic insulation, a sealcoated driveway, and a Buderus boiler with oil tank. R-2 zoning and the existing three-unit configuration provide a range of residential rental and owner-occupancy possibilities, subject to applicable requirements.
Located in Old Orchard Beach, the property is approximately a seven-minute walk from the beach. Improvements include 56 replacement windows, updated siding, roof work, water heaters, basement and attic insulation, a sealcoated driveway, and a Buderus boiler with oil tank. R-2 zoning and the existing three-unit configuration provide a range of residential rental and owner-occupancy possibilities, subject to applicable requirements.
Key Highlights
- Triplex totaling 2,902 Square Feet on a 0.09‑acre lot
- Spacious 3‑bedroom, 2‑bath primary unit plus two additional rentals
- Approximately a 7‑minute walk to the beach in Old Orchard Beach
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,126
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$982,520
$982.5K
Cap Rate 7%
$701,800
$701.8K
Cap Rate 9%
$545,844
$545.8K
Market Conditions
NOI Build-Up for 2,902 SF
Gross rent
$73.8K $25.44/SF
− Vacancy
−$3.6K −$1.26/SF
EGI
$70.2K $24.18/SF
− OpEx
−$21.1K −$7.25/SF
NOI
$49.1K $16.93/SF
Area
York County, ME
Vacancy
4.94%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$982,520
Cap Rate 7%
$701,800
Cap Rate 9%
$545,844
Alternative Uses
Best Use
Multifamily LT 5
$701.8K
$614.1K – $818.8K
NOI $49,126 @ 7.0% cap · market cap 6.78%
Second Best
Apartment 5plus
$640.7K
$560.6K – $747.5K
NOI $44,848 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$919.9K
$804.9K – $1.07M
NOI $64,394 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
446
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with multiple decks, off-street parking, and residential zoning near the beach.
Where is this triplex located?
The property is located at 25 Evergreen Avenue Old Orchard Beach, ME.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Triplex totaling 2,902 Square Feet on a 0.09‑acre lot; Spacious 3‑bedroom, 2‑bath primary unit plus two additional rentals; Approximately a 7‑minute walk to the beach in Old Orchard Beach
