62 Evergreen Avenue, Old Orchard Beach, ME 04064

Exceptional Income-Producing Property Just Minutes from Old Orchard Beach! Now offered at $819,000, this rare investment opportunity combines strong rental income with exceptional versatility. Situated in the heart of Old Orchard Beach, 62 Evergreen Avenue features a beautifully maintained duplex plus a separate rear cottage, creating multiple income streams and endless possibilities for investors, owner-occupants, or multi-generational living.

The front duplex offers two thoughtfully updated 2-bedroom units, each featuring modern kitchens, newer appliances, in-unit washers and dryers, and bright, comfortable living spaces. One unit is currently owner-occupied, while the second provides dependable annual rental income.

The flexibility to convert either unit to a seasonal or short-term rental offers even greater earning potential. Privately nestled behind the duplex, the detached cottage has a successful track record as a short-term vacation rental during the summer months and a winter rental from October through May, providing an additional, well-established source of income while maintaining privacy for both owners and guests.

Outside, enjoy an inviting backyard retreat complete with a fenced yard, spacious patio, outdoor fireplace, and hot tub--perfect for relaxing after a day at the beach or enhancing the guest experience. With off-street parking for up to six vehicles, an established annual rental and the potential to significantly increase revenue through seasonal rentals, this property offers both immediate cash flow and long-term upside.

Whether you're looking to expand your investment portfolio, offset your mortgage with rental income, or own a flexible coastal property just moments from the beach, restaurants, shopping, and all the attractions of Old Orchard Beach, this is an opportunity you won't want to miss.