94 Saco Avenue, Old Orchard Beach, ME 04064
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
94 Saco Avenue,Old Orchard Beach, ME 04064
$599,000
- - Beds
- 3 Baths
- 2,524 sq. ft.
- Multi-family
- Active
Upcoming open houses
- Sun, Jul 2602:00 pm - 04:00 pm
Office: elevate maine realty
MLS#:1672921
Source:ME_MREIS
Price summary
- Price:$599,000
- Price per sq. ft.:$237.32
About this home
Turnkey Mixed-Use Investment Opportunity in the Heart of Old Orchard Beach!
Welcome to 94 Saco Avenue, a fully furnished, income-producing mixed-use property just a 10-minute walk to the iconic Old Orchard Beach Pier, seven miles of sandy beach, restaurants, shopping, and entertainment. Whether you're expanding your investment portfolio, operating a successful short-term rental business, or taking advantage of the commercial zoning, this property offers immediate cash flow and exceptional versatility.
This well-maintained two-unit property features a 3-bedroom, 1.5-bath first-floor unit with in-unit laundry, a newly rebuilt and insulated enclosed porch currently configured with two additional Airbnb beds, and six dedicated parking spaces. The unit is nearly fully booked for the current Airbnb season with a proven rental history.
The second-floor unit offers 2 bedrooms, 1 bath, and two dedicated parking spaces. It is also nearly fully booked for the summer before transitioning to a signed winter lease through May 2027, providing reliable year-round income.
The property is being sold fully furnished and stocked with Airbnb essentials, making it truly turnkey. The surveillance camera system conveys, allowing a seamless transition for continued short-term rental management. Income and expense statements are available for qualified buyers.
Commercial Mixed-Use zoning offers additional value with a detached garage that could be converted into a workshop, studio, office, or retail space (subject to local approvals). An existing leased business sign at the front of the property provides an additional passive income stream.
Recent updates include a new roof (2024), new siding and windows (2025), a rebuilt insulated porch, newer appliances, and more (see documents for complete list).
Priced at $599,000, this rare coastal investment offers multiple income streams, commercial flexibility, proven rental performance....
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Home facts
- Year built:1930
- Listing ID #:1672921
- Updated:July 24, 2026 at 12:16 PM
Rooms and interior
- Total bathrooms:3
- Full bathrooms:2
- Flooring:Carpet, Vinyl
- Bathrooms Description:Bathtub, Shower
- Bedroom Description:1st Floor Bedroom
- Basement Description:Bulkhead, Exterior Entry, Full
- Living area:2,524 sq. ft.
Heating and cooling
- Heating:Baseboard, Forced Air, Heating, Oil, Propane
Structure and exterior
- Roof:Composition, Shingle
- Year built:1930
- Building area:2,524 sq. ft.
- Lot area:0.13 Acres
- Lot Features:Corner Lot, Intown, Level, Near Country Club, Near Golf Course, Near Public Beach, Near Public Transit, Near Railroad, Near Shopping, Near Town, Near Turnpike/Interstate, Neighborhood, Open Lot, Sidewalks
- Architectural Style:Cottage, Shingle
- Construction Materials:Vinyl Siding, Wood Frame
- Exterior Features:Glassed-in Porch, Porch
- Foundation Description:Block
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$599,000
- Price per sq. ft.:$237.32
- Tax amount:$4,499 (2024)
Parking
- Parking description:5 - 10 Spaces, Common, Detached, Paved
- Garage:Yes
- Garage spaces:1
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