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40 E Grand Avenue, Old Orchard Beach, ME 04064

Local realty services provided by:CENTURY 21 Barbara Patterson
40 E Grand Avenue,Old Orchard Beach, ME 04064
$1,225,000
  • - Beds
  • 4 Baths
  • 2,427 sq. ft.
  • Multi-family
  • Active
Listed by: joshua plowman
Office: plowman realty group
MLS#:1629599
Source:ME_MREIS

Price summary

  • Price:$1,225,000
  • Price per sq. ft.:$504.74

About this home

Discover the potential of this remarkable property, featuring five rental units with significant upside for the new owner. The front building includes two spacious 2-bedroom units, each with stunning ocean views, full kitchens, and a front porch that overlooks the lively OOB scene as well as a charming sandwich shop. The rear building offers two recently updated 1-bedroom units, each with a modern kitchen. All units have designated off-street parking spots year-round, plus an extra spot available in the winter months. Located directly across from the sandy beach, with a crosswalk in front and direct beach access via Aldine Terrace, this property is perfectly situated. Enjoy easy walks to the beach, the pier, and all that OOB has to offer. Currently used as an Airbnb, this property generates approximately $80k in summer revenue and an additional $60k from month-to-month rentals in the off-season. Ideal as an income property, a family beach compound, or a combination of both, this is an

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Home facts

  • Year built:1910
  • Listing ID #:1629599
  • Updated:December 17, 2025 at 08:04 PM

Rooms and interior

  • Total bathrooms:4
  • Full bathrooms:4
  • Living area:2,427 sq. ft.

Heating and cooling

  • Heating:Baseboard, Direct Vent Heater, Hot Water

Structure and exterior

  • Year built:1910
  • Building area:2,427 sq. ft.
  • Lot area:0.13 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,225,000
  • Price per sq. ft.:$504.74
  • Tax amount:$9,191 (2024)
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