#1623887, Listing office: Waypoint Brokers Collective
Property details
About 40 E Grand Ave
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!
Highlights
Home typeOther
HeatingHot Water, Ductless, Baseboard
StatusActive
CoolingWall/Window Unit(s)
Size2,427 sqft
BasementYes
Lot size0.13 Acres
Year built1910
Parking5 - 10 Spaces, Paved, Common, On Site
MLS #1629599
ViewScenic
Summary
- Full Bathrooms: 4
- Basement: Yes
- Flooring Type: Wood, Vinyl, Laminate, Carpet
- Interior: Storage
- Attached Garage: No
- Parking: 5 - 10 Spaces, Paved, Common, On Site
- View: Scenic
- Exterior: Porch
- Architectural Style: Other
- Heating: Hot Water, Ductless, Baseboard
- Cooling: Wall/Window Unit(s)
- List Price: $1,300,000
- Annual Tax Amount: $8,685
- Tax Year: 2023
- Lot: Level, Sidewalk
- Year Built: 1910
- Living Area: 2,427 SqFt
- Lot Size: 0.13 Acres
- MLS Number: 1629599
- MLS Name: Maine Listings
- Office Name: Plowman Realty Group
- Office Phone: (207) 776-2130
- Office Email: joshplowman1@gmail.com
Disclaimer: Based on information from the Maine Real Estate Information System, Inc. (d/b/a Maine Listings. Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright © 2025 Maine Real Estate Information System, Inc. All Rights Reserved. 
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/21/2025, 5:40:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $761,823 | $8,685 |
| 2022 | $674,440 | $8,255 |
| 2021 | $628,650 | $8,901 |
| 2020 | $358,700 | $5,531 |
| 2019 | $358,700 | $5,560 |
| 2018 | $324,500 | $4,965 |
History based on county public records data.
Nearby schools
4
CK Burns School
Public District 3-5
3.6 mi
•135 Middle Street Ext
9
Wentworth School
Public District 3-5
5.6 mi
•20 Quentin Dr
5
Biddeford Intermediate School
Public District 4-5
5.7 mi
•335 Hill St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $42,708. Most Old Orchard Beach, ME residents have annual incomes less than $<35k. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
43%
<35k
41%
35k-100k
17%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
69%
Single, No Kids
3%
Single, with Kids
22%
Married, No Kids
6%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
4%
<11 yrs old
5%
12-17 yrs old
18%
18-34 yrs old
50%
35-64 yrs old
23%
65+ yrs old
What do the neighbors do for fun?
Figure Skating
Pro Wrestling
NASCAR
Where do the neighbors shop?
Kmart
Family Dollar
Dick's Sporting Goods
Where do the neighbors go to eat?
Bob Evans
Dominos Pizza
Arbys
What do the neighbors drive?
Buick
Ford
GMC
What do the neighbors listen to?
Oldies
New Country
Adult Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Old Orchard Beach, ME
Transportation in Old Orchard Beach includes a mix of private vehicle use and public transit options, with seasonal variations to accommodate the influx of tourists. The town features walkable areas around the main attractions, with bike paths that allow for leisurely exploration of the scenic coastline. Major roads connect the community to nearby cities and attractions, with improvements aimed at easing the seasonal traffic and enhancing the overall accessibility of the area.
The community is served by a selection of public schools, healthcare facilities, and a local library that cater to the needs of residents and seasonal visitors alike. Retail and dining options are abundant, with a focus on local seafood and regional specialties that reflect the town's coastal heritage. Old Orchard Beach is committed to maintaining and enhancing its services to accommodate its growing popularity as a vacation destination and a place to call home.
Old Orchard Beach is celebrated for its laid-back seaside atmosphere and family-friendly attractions. The community prides itself on its iconic pier, amusement park, and the annual events that draw visitors from across the region. The town's character is defined by its blend of seasonal tourism with a tight-knit local community, offering a balance of lively entertainment and serene beachside living.
Old Orchard Beach offers a diverse array of housing options, with a mix of charming beachfront cottages, condominiums, and single-family homes that reflect the coastal New England aesthetic. The housing market is varied, with a notable presence of vacation homes alongside year-round residences. Architectural styles range from classic Cape Cods to contemporary townhouses, with a significant number of properties designed to maximize ocean views and accessibility to the beach.
About 40 E Grand Ave
The listing price of 40 E Grand Ave property is $1,300,000.
The property 40 E Grand Ave is a house located in Old Orchard Beach, Maine, 04064.
Active Listing: 40 E Grand Ave is Active, which means the seller is accepting offers.
The nearby schools for 40 E Grand Ave are: CK Burns School (GreatSchools Rating 4/10), Wentworth School (GreatSchools Rating 9/10), Biddeford Intermediate School (GreatSchools Rating 5/10), Loranger Memorial School (GreatSchools Rating 2/10), Saco Middle School (GreatSchools Rating 5/10), Biddeford Middle School (GreatSchools Rating 2/10), Old Orchard Beach High School (GreatSchools Rating 4/10), Biddeford High School (GreatSchools Rating 4/10), Scarborough High School (GreatSchools Rating 8/10).
According to the records, the last property tax for 2023 is $8,685 (source: MLS/based on county public records data).
The property at 40 E Grand Ave has 4 bathrooms.
The property 40 E Grand Ave is 2,427 SqFt (source: MLS/tax record).
The year of construction for 40 E Grand Ave is 1910.
This home is located at 40 E Grand Ave in Old Orchard Beach, ME and zip code 04064. This 2,427 square foot home, which was built in 1910, sits on a 0.13 acre lot. Features: 4 bathrooms. It is currently priced at $1,300,000.
From Rocket Homes Real Estate and based on county public records data.