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  • $2,175,000

    27-33 Odessa Avenue, Old Orchard Beach, ME 04064

    19beds
    6,504sqft
    Duplex
    Built in 1960
    -- sqft lot
    $2,275,400 Zestimate®
    $334/sqft
    $2,057 Estimated rent

    What's special

    *Only 28 Reggio is Pending. 27-33 Odessa is still available* This active beachfront community investment has four (4) two-unit multi-family rentals on an oversized half acre (0.58) lot and a seasonal motel sits a stone's throw from the beach on .48 acres of mostly undeveloped land - one of the last remaining plots of this kind. Each of the Odessa units has 2 beds / 1 bath and parking. The .58 acre parcel on Reggio creates even more potential for expansion. There are several obvious value-add opportunities here: increased long term rentals, seasonal short term rentals, or even a conversion into 8 individual condos. The zoning density appears to allow for up to 4 units on the Reggio Lot with conditional approval. This unique package is available for the first time in 50 years, in the center of Maine's most popular beach destination. This is an opportunity not to be missed!

    Zillow last checked: 7 hours ago

    Listing updated: January 18, 2025 at 07:12pm

    Listed by:

    Vitalius Real Estate Group, LLC

    Bought with:

    Non MREIS Agency

    Source: Maine Listings,MLS#: 1595571MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 19
    • Bathrooms: 10
    • Full bathrooms: 9
    • 1/2 bathrooms: 1
    Heating
    • Hot Water, Baseboard
    Cooling
    • None
    Features
    • Flooring: Wood, Vinyl, Tile
    • Basement: Full,Exterior Only,Unfinished
    Interior area
    • Total structure area: 6,504
    • Total interior livable area: 6,504 sqft
    • Finished area above ground: 6,504
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: 5 - 10 Spaces, Other, Off Street
    Lot
    • Size: 1.06 Acres
    • Features: Level, Open Lot, Near Turnpike/Interstate, Near Town
    Details
    • Parcel number: OOBHM315B5L2
    • Zoning: R-3

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Duplex,Ranch
    • Property subtype: Duplex
    • Attached to another structure: Yes
    Materials
    • Shingle Siding, Wood Frame
    • Roof: Shingle
    Condition
    • Year built: 1960

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Private

    Community & neighborhood

    Location
    • Region: Old Orchard Beach

    Other

    Other facts
    • Road surface type: Paved
    Services availability