113-115 Saco Ave Old Orchard Beach, ME 04064
Estimated payment $4,388/month
Highlights
- Deck
- No HOA
- Baseboard Heating
- Wood Flooring
- Cooling Available
- 5-minute walk to Old Orchard Beach Recreation
About This Home
Discover an exceptional investment and lifestyle opportunity just minutes from one of Maine's most popular beaches! 113-115 Saco Avenue features a beautifully maintained two-unit residential building plus a detached commercial space, ideally situated in the vibrant coastal community of Old Orchard Beach. Main Building (Two Units) Unit 1 (First Floor): 3-bedroom, 1-bath apartment renovated in 2017, featuring updated kitchen and bath, modern finishes, and a bright, open layout—perfect for year-round living or seasonal rental income. Unit 2 (Second Floor): Comfortable 2-bedroom, 1-bath apartment offering great natural light, functional layout, and excellent rental potential. Detached Commercial Building: A stand-alone commercial space currently home to a beloved local restaurant—an established business that brings steady foot traffic and neighborhood charm. Updates to the commercial space include new heat pumps, roof, and electrical panel. Highlights: Three total units: Two residential apartments + one commercial space. Flexible income property—live in one unit, rent the others, or maintain as an investment. Prime location along Saco Avenue—minutes to the beach, pier, dining, shops, and Route 1 access Ample parking for tenants, guests, and patrons Strong rental history and long-term tenant in the commercial space.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,307
Year Built
- Built in 1920
Home Design
- Flat Roof Shape
- Metal Roof
Interior Spaces
- 2,702 Sq Ft Home
- 2-Story Property
- Exterior Basement Entry
Flooring
- Wood
- Laminate
Utilities
- Cooling Available
- Heat Pump System
- Baseboard Heating
Additional Features
- Deck
- 6,534 Sq Ft Lot
Listing and Financial Details
- Legal Lot and Block 10 / 2
- Assessor Parcel Number OOBH-000311-000002-000010
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- Operating Expense $18,675
- Gross Income $77,400
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,307 | $487,800 | $129,400 | $358,400 |
| 2023 | $5,029 | $441,100 | $117,600 | $323,500 |
| 2022 | $4,963 | $405,500 | $106,900 | $298,600 |
| 2021 | $5,280 | $304,800 | $106,900 | $197,900 |
| 2020 | $4,533 | $294,000 | $106,900 | $187,100 |
| 2019 | $4,557 | $294,000 | $106,900 | $187,100 |
| 2018 | $4,254 | $284,800 | $106,900 | $177,900 |
| 2017 | $4,285 | $272,900 | $106,900 | $166,000 |
| 2016 | $4,219 | $272,900 | $106,900 | $166,000 |
| 2015 | $4,143 | $272,900 | $106,900 | $166,000 |
| 2014 | $4,061 | $272,900 | $106,900 | $166,000 |
| 2013 | $3,789 | $274,600 | $106,900 | $167,700 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/29/2025 10/29/25 | For Sale | $750,000 | -- | $278 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $400,000 | Purchase Money Mortgage | |
| Closed | $400,000 | Purchase Money Mortgage | |
| Previous Owner | $284,747 | FHA | |
| Previous Owner | $210,000 | Unknown |
Source: Maine Listings
MLS Number: 1642252
APN: OOBH-000311-000002-000010
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Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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