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40 E Grand Avenue, 
Old Orchard Beach, ME 04064

$1,300,000


Bed


4

Baths


2,427

Sq Ft


Multi-Family

Active

Listed by

Joshua Plowman

Plowman Realty Group

Last updated:

July 8, 2025, 07:51 PM

MLS#

1629599

Source:

ME MREIS

About This Home

40 E Grand Avenue

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 opportunity not to be missed!

Home Facts

Multi-Family

4 Baths

Built in 1910

Price Summary

1,300,000

$535 per Sq. Ft.

MLS #:

1629599

Last Updated:

July 8, 2025, 07:51 PM


Rooms & Interior

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4

Interior

Living Area:

2,427 Sq. Ft.


Structure

Structure

Building Area:

2,427 Sq. Ft.

Year Built:

1910


Lot

Lot Size (Sq. Ft):

5,662


Finances & Disclosures

Finances

Price:

$1,300,000

Price per Sq. Ft:

$535 per Sq. Ft.

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MREIS 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

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