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$1,225,000

  • For Sale
  • Active
  • Multi-Family
  • 5 Units
  • 0.13 Acres
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Discover the potential of this remarkable property, featuring five rental units with significant upside for the new owner. The front building includes two spacious 2-bedroom units, each with stunning ocean views, full kitchens, and a front porch that overlooks the lively OOB scene as well as a charming sandwich shop. The rear building offers two recently updated 1-bedroom units, each with a modern kitchen. All units have designated off-street parking spots year-round, plus an extra spot available in the winter months. Located directly across from the sandy beach, with a crosswalk in front and direct beach access via Aldine Terrace, this property is perfectly situated. Enjoy easy walks to the beach, the pier, and all that OOB has to offer. Currently used as an Airbnb, this property generates approximately $80k in summer revenue and an additional $60k from month-to-month rentals in the off-season. Ideal as an income property, a family beach compound, or a combination of both, this is an opportunity not to be missed!

Full Property Details for 40 E Grand Ave

General

  • Price: $1,225,000
  • Taxes: $9,191 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MREIS
  • MLS ID: 1629599
  • Updated: 8/30/2025
  • Added to Site: 227 day(s) ago

Interior

  • Interior Features: Storage
  • Flooring: Wood, Vinyl, Laminate, Carpet

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Other Rooms

  • Laundry: Washer Hookup

Additional Information

  • Equipment: Internet Access Available, Cable

Exterior

  • Porch/Patio/Deck: Porch

Parking

  • Parking Features: 5 - 10 Spaces, Paved, Common, On-Site Parking

Location

  • County: York

Community

  • Pets Allowed: Yes

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Wall/Window Unit(s)
  • Heating Type: Hot Water, Direct Vent Heater, Baseboard

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Utilities On

Structural Information

  • Architectural Style: Other
  • Construction: Vinyl Siding, Wood Frame
  • Roof: Shingle
  • Building Size: 2427
  • Square Feet: 2,427
  • Living Area: 2,427 Sq. Ft.
  • Finished Total: 2,427 Sq. Ft.
  • Finished Above Grnd: 2,427 Sq. Ft.
  • Year Built: 1910

Lot Features

  • Property View: Scenic
  • Lot Size (Acres): 0.13
  • Lot Size (Sq. Ft.): 5,662.8
  • Lot Size Source: Public Records
  • Zoning: DD-2
  • Lot Description: Level, Right of Way, Sidewalks, Near Public Beach, Near Shopping, Near Town, Near Railroad

Financial Considerations

  • Tax Amount: $9,191
  • Tax Year: 2024

Disclosures and Reports

  • Block: 6
  • Lot Number: 3

Listed by Plowman Realty Group (207) 776-2130

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Listing agent

— 40 E Grand Ave —

  • Plowman Realty Group

    207-776-2130

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 40 E Grand Ave

School District:Regional School Unit 23
NameGradesDistance
Loranger Middle School
148 Saco Avenue, Old Orchard Beach, ME 04064
6-81.1 mi
Jameson Elementary School
20 Jameson Hill Road, Old Orchard Beach, ME 04064
PK-21.2 mi
Old Orchard Beach High School
40 Emerson Cummings Boulevard, Old Orchard Beach, ME 04064
9-121.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 40 E Grand Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/30/2025
Price Reduced
$1,225,000
-5.77%
MLS
7/08/2025
Listed
$1,300,000
32.21%
MLS
1/31/2022
Sold
$983,250
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 40 E Grand Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$9,191
6%
$844,719
11%
2023
$8,685
5%
$761,823
13%
2022
$8,255
-7%
$674,440
7%
2021
$8,902
—
$628,650
75%
2021
$8,902
60%
$358,700
—
2019
$5,560
12%
$358,700
11%
2018
$4,965
2%
$324,500
5%
2017
$4,869
2%
$310,100
—
2016
$4,794
2%
$310,100
—
2015
$4,707
2%
$310,100
—
2014
$4,614
8%
$310,100
—
2013
$4,290
—
$310,900
-2%
2012
$4,271
—
$317,800
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Plowman Realty Group (207) 776-2130

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18 Buxton Rd, Saco, ME 04072 - Photo 1 Just Listed
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18 Buxton Rd  Saco, ME 04072

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[Address not provided]  Saco, ME 04072

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Price Reduced near 40 E Grand Ave

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9 Nottingham Dr, Saco, ME 04072 - Photo 1 Price Reduced
-$2,500 (-0.88%)
$282,500

9 Nottingham Dr  #9  Saco, ME 04072

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  • Updated 2 days ago
  • 2
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994 Portland Rd, Saco, ME 04072 - Photo 1
$119,900

994 Portland Rd  #4  Saco, ME 04072

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Listed by Keller Williams Realty
5 Coltons Wy, Saco, ME 04072 - Photo 1 Price Reduced
-$21,000 (-2.56%)
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5 Coltons Wy  Saco, ME 04072

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400 West St, Biddeford, ME 04005 - Photo 1 Price Reduced
-$6,000 (-1.04%)
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400 West St  Biddeford, ME 04005

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Recent Sales near 40 E Grand Ave

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14 Blueberry Ln, Old Orchard Beach, ME 04064 - Photo 1 Sold
$1,070,125

14 Blueberry Ln  Old Orchard Beach, ME 04064

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40 E Grand Avenue, Old Orchard Beach, ME 04064 (MLS# 1629599) is a Multi-Family property with 5 units containing 0 bedrooms and 4 full bathrooms. 40 E Grand Avenue is currently listed for $1,225,000 and was received on July 08, 2025. Want to learn more about 40 E Grand Avenue? Do you have questions about finding other Multi-Family real estate for sale in Old Orchard Beach? You can browse all Old Orchard Beach real estate or contact a Coldwell Banker agent to request more information.

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