Three-Unit Residential Income
25 Evergreen Avenue Old Orchard Beach, ME 04064
New
25 Evergreen Avenue, Old Orchard Beach, ME, 04064
$799,000
For Sale
$799,000
MULTI_FAMILY - Colonial - Old Orchard Beach, ME
Property Size2,902 SF
Lot Size0.09 Acres
Price / SF$275.33
Days on Market3
Property Features for 25 Evergreen Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-2
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bathroom 4, Bathroom 1, Basement, Bathroom 2
- Patio and Porch features
- Porch
- Interior features
- Attic, Shower, Storage
- Basement
- Unfinished, Full, 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
- Propane (Heating), Oil, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1908
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Tile, Linoleum, Softwood, Vinyl, Carpet, Plank
- 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
306 Congress Street, Suite 3, Portland, ME
Listed by
Carrie Logan
(207) 615-7054
Added: Jul 15 Checked: Jul 17 at 12:06 pm
MLS# 1671099
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.
Investment Insights
Based on property information with market context.
This triplex-style residential income property offers a spacious 3-bedroom, 2-bath main unit plus two additional rental units. The main unit is noted as vacant as of August 1, and the home includes multiple decks and ample off-street parking. Recent mechanical and building updates are documented, including 56 replacement windows, a Buderus boiler with an oil tank, upgraded basement and attic insulation, updated siding, roof updates, and water heater upgrades. The driveway has been sealcoated, and the back deck has been rebuilt.
The property is located at 25 Evergreen Avenue in Old Orchard Beach, Maine, within a zoning designation of R-2.
As described in the listing remarks, the three units may be operated together as a long- or short-term rental portfolio. The improvements are positioned to reduce near-term maintenance demands for the next owner.
The property is located at 25 Evergreen Avenue in Old Orchard Beach, Maine, within a zoning designation of R-2.
As described in the listing remarks, the three units may be operated together as a long- or short-term rental portfolio. The improvements are positioned to reduce near-term maintenance demands for the next owner.
Key Highlights
- Colonial‑style home built in 1908 with wood‑frame construction and vinyl siding
- Public utilities: public water and public sewer
- Heating includes propane, oil, and hot water systems
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 |
2,902 SF · lease $25.44/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$701.8K
$614.1K – $818.8K
NOI $49,126 @ 7.0% cap · market cap 6.15%
Second Best
Apartment 5plus
$640.7K
$560.6K – $747.5K
NOI $44,848 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$919.9K
$804.9K – $1.07M
NOI $64,394 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Triplex with a 3-bedroom, 2-bath main unit plus two additional rentals and multiple decks.
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 $799,000.
What are key features of this property?
This property features: Colonial‑style home built in 1908 with wood‑frame construction and vinyl siding; Public utilities: public water and public sewer; Heating includes propane, oil, and hot water systems
