62 Evergreen AVE Old Orchard Beach, ME 04064
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,931 sqft
Price per Sqft $208
MLS Listing ID 1660635
Full Baths 4
HOA Y/N No
Year Built 1900
Tax Year 2025
Lot Size 5,227 Sqft
Acres 0.12
Source Maine Listings
Land Area 3931
Property Description
This rare investment opportunity combines strong rental income with exceptional versatility. Situated in the heart of Old Orchard Beach, 62 Evergreen Avenue features a beautifully maintained duplex plus a separate rear cottage, creating multiple income streams and endless possibilities for investors, owner-occupants, or multi-generational living.
The front duplex offers two thoughtfully updated 2-bedroom units, each featuring modern kitchens, newer appliances, in-unit washers and dryers, and bright, comfortable living spaces. One unit is currently owner-occupied, while the second provides dependable annual rental income. The flexibility to convert either unit to a seasonal or short-term rental offers even greater earning potential.
Privately nestled behind the duplex, the detached cottage has a successful track record as a short-term vacation rental during the summer months and a winter rental from October through May, providing an additional, well-established source of income while maintaining privacy for both owners and guests.
Outside, enjoy an inviting backyard retreat complete with a fenced yard, spacious patio, outdoor fireplace, and hot tub--perfect for relaxing after a day at the beach or enhancing the guest experience.
With off-street parking for up to six vehicles, an established annual rental income and the potential to significantly increase revenue through seasonal rentals, this property offers both immediate cash flow and long-term upside.
Whether you're looking to expand your investment portfolio, offset your mortgage with rental income, or own a flexible coastal property just moments from the beach, restaurants, shopping, and all the attractions of Old Orchard Beach, this is an opportunity you won't want to miss.
Location
State ME
County York
Zoning R-2
Direction GPS Friendly. Property is located on the corner of Evergreen and Thirteenth Street
Rooms
Basement Bulkhead, Interior Entry, Full
Interior
Interior Features Bathtub
Heating Electric, Oil, Propane, Forced Air, Heat Pump, Space Heater
Cooling Heat Pump
Flooring Tile, Wood
Furnishings Partially
Exterior
Parking Features Common, 5 - 10 Spaces, On Site
Utilities Available Utilities On
Waterfront Description Nearby,Oceanfront,Public
Roof Type Shingle
Porch Glassed-in Porch
Garage No
Building
Lot Description Near Public Beach, Near Shopping, Near Town, Neighborhood, Corner Lot, Level
Water Public
Architectural Style Other
Others
Tax ID OOBH-000311-000024-000001
Nearby Locations
Please Contact Me For More Information.