*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!
Closed
$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
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#: 1595571

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