40 E Grand Avenue, Old Orchard Beach, ME 04064

Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
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

Contact an agent

contact an agent

Yes, I would like more information from BHGRE®. Please use and/or share my information with an BHGRE affiliated agent to contact me about my real estate needs. By clicking Send message, I agree an BHGRE affiliated agent may contact me by phone or text message including by automated means about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1910
  • Listing ID #:1629599
  • Updated:November 15, 2025 at 06:42 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)
MLS LogoMREIS Multiple Listing Service™ system Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2023 Maine Real Estate Information System, Inc. All Rights Reserved

New listings near 40 E Grand Avenue