** POTENTIAL FOR THIRD UNIT!!! So many opportunities to add value with current rents that are below market value AND easy third unit potential with proper egress window installation. Third unit kitchen and bathroom have already been installed for you!
Whether you are looking for a beachside retreat or an investment property, this 2 unit (with potential third) is your opportunity. Don't miss out on your chance to own a slice of paradise in charming Old Orchard Beach. Boasting two 2 bedroom, 1 bath units with well-designed layouts and an abundance of sunlight. The property offers an expansive yard ideal for outdoor gatherings, BBQ's and pure relaxation. The property also offers plenty of off-street parking to accommodate residents and guests alike. A mere 5 minute walk to beautiful Old Orchard beach where you can indulge in delicious food, incredible sunrises and sun-soaked days.
Closed
$565,000
20 Grove Avenue, Old Orchard Beach, ME 04064
4beds
2,947sqft
Multi Family
Built in 1940
-- sqft lot
$647,000 Zestimate®
$192/sqft
$2,427 Estimated rent
Home value
$647,000
$615,000 - $686,000
$2,427/mo
Zestimate® history
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Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: June 04, 2025 at 01:59pm
Listed by:
Dream Home Realty LLC
Bought with:
Dream Home Realty LLC
Source: Maine Listings,MLS#: 1561499
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard, Hot Water, Zoned
Cooling
- None
Features
- 1st Floor Bedroom, Attic, Bathtub, One-Floor Living, Pantry, Shower, Walk-In Closet(s)
- Flooring: Tile, Vinyl, Wood
- Windows: Double Pane Windows
- Basement: Doghouse,Interior Entry,Walk-Out Access,Finished,Full,Sump Pump
Interior area
- Total structure area: 2,947
- Total interior livable area: 2,947 sqft
- Finished area above ground: 2,024
- Finished area below ground: 923
Property
Parking
- Parking features: Gravel, 5 - 10 Spaces, On Site, Off Street
Features
- Stories: 2
- Patio & porch: Deck, Porch
- Has view: Yes
- View description: Scenic
- Body of water: Atlantic Ocean
Lot
- Size: 9,583 sqft
- Features: Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Near Railroad, Level
Details
- Additional structures: Shed(s)
- Parcel number: OOBHM206B25L3
- Zoning: res
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Foundation: Block
- Roof: Shingle
Condition
- Year built: 1940
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On
Green energy
- Energy efficient items: 90% Efficient Furnace
Community & neighborhood
Location
- Region: Old Orchard Beach
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 9/9/2023 | Pending sale | $565,000$192/sqft |
Source:  Maine Listings #1561499 | ||
| 9/6/2023 | Sold | $565,000$192/sqft |
Source: Maine Listings #1561499 | ||
| 8/3/2023 | Contingent | $565,000$192/sqft |
Source: Maine Listings #1561499 | ||
| 7/21/2023 | Price change | $565,000-8.8%$192/sqft |
Source: Maine Listings #1561499 | ||
| 6/19/2023 | Price change | $619,500-4.7%$210/sqft |
Source: Maine Listings #1561499 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,910 +11.7% | $451,300 +17% |
| 2023 | $4,397 +7.7% | $385,700 +15.7% |
| 2022 | $4,082 +0.2% | $333,500 +15.9% |
Find assessor info on the county website
Neighborhood: 04064
Nearby schools
GreatSchools rating
- 3/10Loranger Middle SchoolGrades: 3-8Distance: 0.6 mi
- 5/10Old Orchard Beach High SchoolGrades: 9-12Distance: 0.5 mi
- NAJameson Elementary SchoolGrades: PK-2Distance: 0.7 mi
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