NOT LISTED FOR SALE

8 Old Orchard Rd Old Orchard Beach, ME 04064

2 Beds
6 Baths
2,215 Sq Ft
0.41 Acres

Last Sold October 23, 2024

Last sale price $850,000 $384 Per Sq Ft

6 Days on Market

Highlights

  • Additional Residence on Property
  • Public Beach
  • Cape Cod Architecture
  • Nearby Water Access
  • Country Club
  • No HOA

About This Home

As of October 2024

You don't see property like this every day. It is a pleasure to offer this 4- unit where the owner has updated 4 kitchens, 3.5 baths, installed 5 heat pumps for heat and AC, all powered by the brand-new solar panels on the brand-new roof!! Electricity expected to run $21.55/ unit / month. Gross revenue is $81,600 +/- (estimated for owner's unit) and expenses including property taxes and vacancy are $12,913+/-. Today this building has an 8.2 cap rate and that is before you consider renting the 3- bay garage or expanding the Air BnB possibilities. New electrical panels, Buderus boiler and a basement you can actually use make this a great property to own long-term. Located 5 minutes from the beach, the Pier, Ocean Park, Bidd-Saco Country Club, and Funtown, there are all kinds of opportunities to either live and have fun or make this a great investment, or both. Showing Thursday 4-6 and Saturday 1-3pm.

Last Agent to Sell the Property

Roz Anton

EXP Realty Listed on: 07/15/2024

EXP Realty

Last Buyer's Agent

Kristin Rofe

Dream Home Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,774

Year Built

  • Built in 1965

Lot Details

  • 0.41 Acre Lot
  • Public Beach
  • Landscaped
  • Level Lot
  • Open Lot

Parking

  • 3 Car Direct Access Garage
  • Driveway
  • Off-Street Parking

Home Design

  • Cape Cod Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,215 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Laminate
  • Tile

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Outdoor Features

  • Nearby Water Access
  • Porch

Utilities

  • Cooling Available
  • Heat Pump System
  • Natural Gas Not Available
  • Oil Water Heater
  • Internet Available

Additional Features

  • Solar Heating System
  • Additional Residence on Property
  • Property is near a golf course

Listing and Financial Details

  • Legal Lot and Block 2 / 3
  • Assessor Parcel Number OOBH-000212-000003-000002

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Recreation

  • Country Club

Building Details

  • Operating Expense $13,313
  • Gross Income $81,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,774

Year Built

Built in 1965

Lot Details

0

Parking

3

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.41
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From 95, Get off Saco Exit 36, to I-195 heading straight towards Old Orchard Beach, right turn at intersection onto Old Orchard Rd, home on the right. GPS 8 Old Orchard Rd.
  • Above Grade Finished Sq Ft: 2215.0
  • Architectural Style: Cape Cod
  • Garage Yn: Yes
  • Building Stories: 2
  • Year Built: 1965
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 378.78
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.41
  • Property Information:Total Baths: 6.0
  • Property Information:SqFt Finished Above Grade: 2215.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Property Information:Garage Spaces: 3.0
  • Exterior:Vinyl Siding: Yes
  • Heat System:Heat Pump: Yes
  • Heat Fuel:Electric: Yes
  • Cooling:Heat Pump3: Yes
  • Amenities:Laundry - Hookup: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Vehicle Storage:Direct Entry to Living: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 4
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 81600.0
  • Income Expenses Operating Expenses: 13313.0
  • Parking:On Site2: Yes
  • Location:Near Public Beach: Yes
  • Parking:Paved3: Yes
  • Recreational Water:Nearby: Yes
  • Equipment:Internet Access Available: Yes
  • Water Heater:Oil2: Yes
  • Location:Near Country Club: Yes
  • Heat Fuel:Solar: Yes
  • Building Info:_pound_ Floors3: 2
  • Advertising Remarks:Advertising Remarks: You don't see property like this every day. It is a pleasure to offer this 4- unit where the owner has updated 4 kitchens 3.5 baths, installed 5 heat pumps for heat an AC all powered by the brand-new solar panels on the brand-new roof!! Electricity expected to run $21.55/ unit / month. Gross revenue is $81,600 +/- (estimated for owner's unit) and expenses including property taxes and vacancy are $12,913+/-. Today this building has an 8.2 cap rate and that is before you consider renting the 3- bay garage or expanding the Air BnB possibilities. New electrical panels, Buderus boiler and a basement you can actually use make this a great property to own long-term. Located 5 minutes from the beach, the Pier, Ocean Park, Bidd-Saco Country Club, and Funtown, there are all kinds of opportunities to either live and have fun or make this a great investment, or both. Showing Thursday 4-6pm and Saturday 1-3pm.
  • Property Information 2 Detached Houses on 1 Lot: Yes
  • Style:Cape Cod: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Furnished: Furnished
  • Other Equipment: Other Equipment, Internet Access Available
  • Has Basement: Interior, Full, Unfinished
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Flooring: Tile, Laminate, Carpet
  • Interior Amenities: Other
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Well Landscaped, Open, Level, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Parking Features: 5 - 10 Spaces, Paved, On Site, Inside Entrance, Off Street

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: RSU 23

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 17859.6
  • Parcel #: OOBH-000212-000003-000002
  • Zoning: GB-1

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 81600.0
  • Annual Operating Expense: 13313.0

Tax Info

  • Tax Annual Amount: 5773.95
  • Tax Block: 3
  • Tax Lot: 2
  • Tax Year: 2024

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/23/2024 10/23/24 Sold $850,000 +1.3% $384 / Sq Ft
07/22/2024 07/22/24 Pending -- -- --
07/15/2024 07/15/24 For Sale $839,000 +168.7% $379 / Sq Ft
12/28/2018 12/28/18 Sold $312,300 +0.7% $141 / Sq Ft View Prior Sale
10/26/2018 10/26/18 Pending -- -- --
10/25/2018 10/25/18 For Sale $310,000 -- $140 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Roz Anton

    Seller's Agent in 2024

    Roz Anton

    EXP Realty

    (207) 450-3230

    8 in this area

    152 Total Sales

    Roz Anton
    Section Image
  • Kristin Rofe

    Buyer's Agent in 2024

    Kristin Rofe

    Dream Home Realty LLC

    (207) 615-2167

    2 in this area

    64 Total Sales

    Kristin Rofe
    Section Image

  • D

    Seller's Agent in 2018

    Dan Patry

    Patry Family Realty, Inc.

    (207) 934-4538

    9 in this area

    100 Total Sales

    Dan Patry
    Section Image

  • J

    Buyer's Agent in 2018

    Josh Keller

    Great American Realty

  • J

    Buyer's Agent in 2018

    Joshua Keller

    Keller Williams Realty

    Section Image
See All Agents

Map

Source: Maine Listings

MLS Number: 1596904

Maine Listings

APN: OOBH 212-3-2

Maine York County Old Orchard Beach 04064

8 Old Orchard Rd, Old Orchard Beach, ME

Not Listed for Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Maine Listings 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.
© 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.

Homes.com, LLC, 17600 Laguna Canyon Rd Irvine, CA 92618 (888)-952-6393

Nearby Homes