62 Evergreen Avenue, Old Orchard Beach, ME 04064 (MLS # 1660635)

PRICE $819,000 BEDS 0 BATHS 4 HOME SIZE 3,931 sqft LOT SIZE 5,228 sqft Request More Info Schedule a Showing

Exceptional investment and lifestyle opportunity in the heart of Old Orchard Beach! This versatile property at 62 Evergreen Ave features a well-maintained duplex plus a separate rear cottage, offering multiple income streams and flexible use options. The front duplex includes two beautifully updated 2-bedroom units. One unit is currently owner-occupied, while the second is rented annually--providing immediate, stable income with the potential to convert to a lucrative short-term rental or seasonal/winter rental model. Both units have been thoughtfully renovated with newer kitchens, modern appliances, and comfortable, inviting living spaces. Tucked privately behind the duplex, the detached cottage is a proven income producer, operating as a short-term vacation rental during peak season and transitioning to a winter rental from October through May. This additional unit expands your earning potential while maintaining separation and privacy for all occupants. The outdoor space is designed for relaxation and enjoyment, featuring a fenced yard, spacious patio, outdoor fireplace, and hot tub--ideal amenities for both owners and guests alike. Whether you're seeking an owner-occupied investment, multi-generational living, or a turnkey rental property with strong income potential, this unique offering delivers flexibility, comfort, and location just moments from the beach, local attractions, and all that Old Orchard Beach has to offer. Off street parking for up to 6 vehicles. Current annual rental income $57,600 Each Unit comes equipped with Washers and Dryers