94 Saco AVE Old Orchard Beach, ME 04064
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Key Details
Property Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,524 sqft
Price per Sqft $237
MLS Listing ID 1672921
Style Duplex
Full Baths 2
HOA Y/N No
Year Built 1930
Tax Year 2024
Lot Size 5,662 Sqft
Acres 0.13
Source Maine Listings
Land Area 2524
Property Description
Welcome to 94 Saco Avenue, a fully furnished, income-producing mixed-use property just a 10-minute walk to the iconic Old Orchard Beach Pier, seven miles of sandy beach, restaurants, shopping, and entertainment. Whether you're expanding your investment portfolio, operating a successful short-term rental business, or taking advantage of the commercial zoning, this property offers immediate cash flow and exceptional versatility.
This well-maintained two-unit property features a 3-bedroom, 1.5-bath first-floor unit with in-unit laundry, a newly rebuilt and insulated enclosed porch currently configured with two additional Airbnb beds, and six dedicated parking spaces. The unit is nearly fully booked for the current Airbnb season with a proven rental history.
The second-floor unit offers 2 bedrooms, 1 bath, and two dedicated parking spaces. It is also nearly fully booked for the summer before transitioning to a signed winter lease through May 2027, providing reliable year-round income.
The property is being sold fully furnished and stocked with Airbnb essentials, making it truly turnkey. The surveillance camera system conveys, allowing a seamless transition for continued short-term rental management. Income and expense statements are available for qualified buyers.
Commercial Mixed-Use zoning offers additional value with a detached garage that could be converted into a workshop, studio, office, or retail space (subject to local approvals). An existing leased business sign at the front of the property provides an additional passive income stream.
Recent updates include a new roof (2024), new siding and windows (2025), a rebuilt insulated porch, newer appliances, and more (see documents for complete list).
Priced at $599,000, this rare coastal investment offers multiple income streams, commercial flexibility, proven rental performance.
Location
State ME
County York
Zoning R-2
Rooms
Basement Bulkhead, Exterior Entry, Full
Interior
Interior Features 1st Floor Bedroom, Bathtub, Shower
Heating Oil, Propane, Baseboard, Forced Air
Cooling None
Flooring Carpet, Vinyl
Equipment Internet Access Available
Furnishings Furnished
Exterior
Parking Features Common, Paved, 5 - 10 Spaces, Detached
Garage Spaces 1.0
Waterfront Description Nearby
Roof Type Composition,Shingle
Accessibility 32 - 36 Inch Doors
Porch Glassed-in Porch, Porch
Garage Yes
Building
Lot Description Intown, Near Country Club, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Near Railroad, Corner Lot, Level, Open Lot, Sidewalks, Near Public Transit
Story 2
Foundation Block
Water Public
Architectural Style Cottage, Shingle
Level or Stories 2
Others
Tax ID OOBH-000206-000005-000010
Security Features Security System
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