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8-Unit Apartment Building
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78 Ocean Ave, Old Orchard Beach, ME 04064

Multifamily asset with an eight-unit residential configuration near the beach.

Property SizeContact for details
Days on Market144

Property Features for 78 Ocean Ave

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 8
Listing Agency: The Boulos Company Portland
Listed By: Jonathan Rizzo · License #BR923031
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 10:28AM

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 The Boulos Company Portland

Investment Insights

Based on property information with market context.

Located at 78 Ocean Ave in Old Orchard Beach, this multifamily property contains eight residential units. The building is situated six blocks from the beach, placing the asset within the established Old Orchard Beach market.

The property is included in a four-property portfolio consisting of two assets in Old Orchard Beach and two in Westbrook. The portfolio may be acquired as a complete package, while the Old Orchard Beach properties may also be purchased separately. The asset is offered for sale as part of these portfolio options.

Key Highlights

  • Eight‑unit multifamily property at 78 Ocean Ave
  • Located six blocks from the beach
  • Situated in Old Orchard Beach, ME 04064

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Grocery & Convenience Store HVAC Service Furniture & Home Goods Daycare Center Skin Care Clinic

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

Lease Details

8
Residential units

Location Intelligence

Trade Area within ½ mile

443
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily asset with an eight-unit residential configuration near the beach.
Where is this apartment building located?
The property is located at 78 Ocean Ave Old Orchard Beach, ME.
What are key features of this property?
This property features: Eight‑unit multifamily property at 78 Ocean Ave; Located six blocks from the beach; Situated in Old Orchard Beach, ME 04064
More about this property
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