$ 799,000
-
$799,000
Price -
0
Bed -
4
Bath -
3,931
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing 2742 - 013271
Nestled on a quiet residential street, yet just a short walk to the beach, restaurants, shops, and entertainment, 62 Evergreen Avenue offers the perfect combination of peaceful coastal living and outstanding investment potential. This well-maintained property features a beautifully updated duplex plus a separate detached cottage, creating multiple income streams and exceptional flexibility for investors, owner-occupants, or multi-generational living. The front duplex includes two updated 2-bedroom units, each with 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 year-round rental income with the opportunity to convert to a seasonal or short-term rental for even greater earning potential. Privately tucked behind the duplex, the detached cottage with 2 BR has a proven history as a successful summer vacation rental and winter rental from October through May, providing an additional established source of income while maintaining privacy for owners and guests alike. Outside, enjoy a beautifully landscaped, fenced backyard complete with a spacious patio, outdoor fireplace, and hot tub--an inviting space to relax or enhance the guest experience. With off-street parking for up to six vehicles, reliable existing rental income, and the potential to significantly increase seasonal revenue, this property offers immediate cash flow and long-term upside. Whether you're expanding your investment portfolio, offsetting your mortgage with rental income, or seeking a versatile coastal property, this rare opportunity places you in a quiet, walkable neighborhood just moments from all the beaches, dining, shopping, and attractions that make Old Orchard Beach one of Maine's most desirable seaside communities.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 4 Full
- Appliances:
- Air Cond: Heat Pump
- Heating: Electric,Oil,Propane,Forced Air,Heat Pump,Space Heater
- Fireplaces:
- Floor: Tile,Wood
- Above Ground Sq Ft: 3931
- Below Ground Sq Ft: 0
- Basement: Bulkhead,Interior Entry,Full
- Other: Bathtub
- Water: Public
Exterior Details
- Lot Description: Near Public Beach,Near Shopping,Near Town,Neighborhood,Corner Lot,Level
- Garage Capacity: N/A
- Zoning: R-2
- Roof: Shingle
- Others: Nearby,Oceanfront,Public
- Sewer: Public Sewer
- Parking Features: Common,5 - 10 Spaces,On Site
Financial Details
- Tax Amount: $5,602
- Taxes w/Assessments: N/A
- Tax/Property ID: OOBH-000311-000024-000001
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
62 Evergreen Ave Old Orchard Beach, ME 04064
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
