Great investment, well maintained, & rarely available Cape Elizabeth 4 unit! Great rental history with plenty of income potential. One 3 bedroom unit, Two 2 bedroom units and one 1 bedroom unit on a 3/4 acre lot with large barn, plenty of parking and endless possibilities.
Multi-familyProperty Type
1900Year Built
0.72 acresLot Size
$227Est. Price/Sq.Ft.
23 car garageParking
Listed by James Mcfarlane Jr• Portside Real Estate Group
Bought with Teri Ouellette• Keller Williams Realty
Location! Location! Great Investment! Well-maintained Cape Elizabeth 4 unit property close to town amenities offers fantastic investment opportunity with a 3 bedroom unit, two 2 bedroom units and a 1 bedroom unit on large 3/4 acre lot plenty of off street parking. Strong rental history with plenty of income potential.
Year
Property tax
Land + Additions
Assessment*
2024
$6,237 (−50.8%)
$292,100 + $274,900
$567,000
2023
$12,667 (+60.2%)
$292,100 + $274,900
$567,000
2022
$7,908 (+4.4%)
$105,800 + $268,100
$373,900
2021
$7,575 (+1.7%)
$105,800 + $268,100
$373,900
2020
$7,448 (+1.2%)
$105,800 + $268,100
$373,900
2019
$7,358 (+3.5%)
$105,800 + $268,100
$373,900
2018
$7,112 (+5.7%)
$105,800 + $268,100
$373,900
2017
$6,730 (+2.9%)
$105,800 + $268,100
$373,900
2016
$6,539 (+3.9%)
$105,800 + $267,000
$372,800
2015
$6,293 (+0.5%)
$105,800 + $267,000
$372,800
2014
$6,263 (+3.2%)
$105,800 + $267,000
$372,800
2013
$6,069
$105,800 + $267,000
$372,800
Tax history for 179 Ocean House Rd
Year
Property tax
Land + Additions
Assessment*
2024
$6,237 (−50.8%)
$292,100 + $274,900
$567,000
2023
$12,667 (+60.2%)
$292,100 + $274,900
$567,000
2022
$7,908 (+4.4%)
$105,800 + $268,100
$373,900
2021
$7,575 (+1.7%)
$105,800 + $268,100
$373,900
2020
$7,448 (+1.2%)
$105,800 + $268,100
$373,900
2019
$7,358 (+3.5%)
$105,800 + $268,100
$373,900
2018
$7,112 (+5.7%)
$105,800 + $268,100
$373,900
2017
$6,730 (+2.9%)
$105,800 + $268,100
$373,900
2016
$6,539 (+3.9%)
$105,800 + $267,000
$372,800
2015
$6,293 (+0.5%)
$105,800 + $267,000
$372,800
2014
$6,263 (+3.2%)
$105,800 + $267,000
$372,800
2013
$6,069
$105,800 + $267,000
$372,800
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
16
Baths
4
Stories
2
Lot width
—
Lot depth
—
Lot size
0.72 Acres
Year renovated
—
Sq. Ft.
4,317
Year built
1800
Style
Multi-Family (5+ Unit)
County
Cumberland County
APN
63357
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 27, 2026.
Property details
Parking
Parking Information
Has Garage
# of Garage Spaces: 23
Parking Features: 1 - 4 Spaces, Paved
Vehicle Storage: 3 Car
Interior
Bathroom Information
# of Baths (Full): 4
Basement Information
Basement Entry: Full, Exterior Only
Interior Features
Flooring: Wood
Multi-Unit Information
# of Units Total: 4
# of 1 Bedroom Units: 1
# of 2 Bedroom Units: 2
# of 3 Bedroom Units: 1
Operating Expense: $24,884
Gross Income: $63,300
Unit 1 Information
# of Bedrooms: 3
Actual Rent: $1,875
Electric: No
Has Heat: Yes
Sewer: Yes
Water: Yes
Unit 2 Information
# of Bedrooms: 1
Actual Rent: $975
Electric: No
Has Heat: Yes
Sewer: Yes
Water: Yes
Unit 3 Information
# of Bedrooms: 2
Actual Rent: $1,150
Electric: No
Has Heat: Yes
Sewer: Yes
Water: Yes
Unit 4 Information
# of Bedrooms: 2
Actual Rent: $1,275
Electric: No
Has Heat: Yes
Sewer: Yes
Water: Yes
Exterior
Building Information
Construction Materials: Vinyl Siding, Wood Frame
Roof: Shingle
Total Building Area (Sq. Ft.): 4,000
Exterior Features
Other Structures: Barn(s)
Property Information
Year Built: 1900
Above-Grade Finished Area (Sq. Ft.): 4,000
Lot Information
Lot Size (Sq. Ft.): $31,363.20
Lot Size (Acres): 0.72
Lot Size Source: Public Records
Lot Features: Open, Level, Near Golf Course, Near Public Beach, Near Shopping, Near Town
Road Surface Type: Paved
Zoning: RC
Financial
Tax Information
Annual Tax Amount: $7,112
Utilities
Utility Information
Has Heating
Heating: Hot Water
Electric: Circuit Breakers
Sewer: Public Sewer
Utilities: Utilities On
Utilities On: Yes
Water Source: Public
Water Heater: Oil
Location
Location Information
Unparsed Address: 179 Ocean House Road, Cape Elizabeth, ME 04107
Directions: Ocean Street/77 towards Cape Elizabeth. #179 Ocean House Road is on the right at intersection with Mitchell Road.
Public facts
Beds: 16
Baths: 4.0
Sq. Ft.: 4,317
Stories: 2.0
Lot Size: 0.72 acres
Style: Multi-Family (5+ Unit)
Year Built: 1800
Year Renovated: —
County: Cumberland County
APN: 63357
Home facts updated by county records on Jul 27, 2026
Around this home
Schools
Pond Cove Elementary School
Public PreK-4 • Assigned • 0.8mi
10/10
Cape Elizabeth Middle School
Public 5-8 • Assigned • 0.8mi
10/10
Cape Elizabeth High School
Public 9-12 • Assigned • 1.1mi
10/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.31% chance of being in a wildfire in next 30 years
4/10 Heat Factor
7 days above 86° expected this year, 18 days in 30 years
6/10 Wind Factor
69% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Cape Elizabeth, ME • 04107
Average low and high temperatures (°F)
31
17
34
16
43
29
52
38
61
47
72
57
76
62
75
58
70
54
61
44
51
34
37
22
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.5 hours in
June and 4.3 hours in December, placing it below the
U.S. average for solar exposure.