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Commercial-Zoned Multifamily Property
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5 FOURTH AVE, Old Orchard Beach, ME 04064

Multifamily property with DD-2 Commercial zoning and a 1921 construction date.

Property Size1,725 SF
Days on Market119

Property Features for 5 FOURTH AVE

General Information

Standard status Active
Size 1,725 SF
Class B
Total Parking Spaces 10
Property subtype Retail
Zoning DD-2 Commercial
Lease Type Gross
Investment Type Value Add
Net Operating Income $54,893

Building Details

Year Built 1921
Units 1
Tenancy Single
Listing Agency: Keller Williams Realty
Listed By: Robert Baldacci · License #ME BR930370
Source: Crexi
Added: May 5 Changed: Aug 30 Last Checked: Aug 30 at 3:18AM

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 Keller Williams Realty

Investment Insights

Based on property information with market context.

This multifamily property contains 1,725 SF and was constructed in 1921. The building carries DD-2 Commercial zoning, supporting its classification within a commercial zoning framework.

The property is located at 5 Fourth Ave in Old Orchard Beach, Maine. Its multifamily classification, commercial zoning, and established construction date provide the primary physical and land-use details for evaluation.

Key Highlights

  • 1,725 SF multifamily property
  • DD‑2 Commercial zoning
  • Built in 1921

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Dental Office Spa & Massage Center Hair Salon Electrical Service Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

468
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Multifamily property with DD-2 Commercial zoning and a 1921 construction date.
Where is this multifamily property located?
The property is located at 5 FOURTH AVE Old Orchard Beach, ME.
What are key features of this property?
This property features: 1,725 SF multifamily property; DD‑2 Commercial zoning; Built in 1921
(207) 756-2063 Call to check price and availability
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