Three unit investment opportunity in Old Orchard, minutes from the pier. Great location with quick access to 95 and Route 1. Low owner expenses, each unit is heated and cooled with heat pumps. Great rental history, this would make a fantastic investment or owner occupied property. Dedicated storage shed for each unit in the rear and plenty of off-street parking. Two of the units are month to month allowing the new owner to adjust to market rents or owner occupy.
Multi-familyProperty Type
1984Year Built
0.41 acresLot Size
$329Est. Price/Sq.Ft.
Listed by Cari Turnbull• Maine Real Estate Experts
Bought with Stephen Foglio Jr• Real Estate 2000 ME/NH
Nicely renovated three unit building with heat pumps, new flooring, and many other updates throughout. Easy to get to off of 95 or route 1 and just a quick trolley ride into downtown OOB. Lots of opportunity with short and long term rental options. Join us for the first showings at the open house Thursday (8/30) 5-6:30pm.
MREIS #1319719
Oct 30, 2017
Sold
$225,000
$117/sq ft
Jul 31, 2017
Listed
$225,000
$117/sq ft
This 3 Unit is a great income generating property , could be Owner occupied and have the other rentals pay the mortgage. Property is in great shape has been well maintained. Near all amenities and the Highway.
Year
Property tax
Land + Additions
Assessment*
2024
$5,570 (+9.2%)
$138,430 + $373,500
$511,930
2023
$5,103 (+2.4%)
$121,523 + $326,100
$447,623
2022
$4,982 (+7.7%)
$110,600 + $296,400
$407,000
2021
$4,624 (−0.3%)
$100,388 + $226,200
$326,588
2020
$4,638 (−0.5%)
$87,400 + $213,400
$300,800
2019
$4,662 (+18.0%)
$87,400 + $213,400
$300,800
2018
$3,950 (+8.3%)
$87,400 + $170,800
$258,200
2017
$3,647 (+1.2%)
$76,700 + $155,600
$232,300
2016
$3,602 (+1.8%)
$77,400 + $155,600
$233,000
2015
$3,537 (+9.6%)
$77,400 + $155,600
$233,000
2013
$3,226
$77,400 + $156,400
$233,800
Tax history for 36 Smithwheel Rd
Year
Property tax
Land + Additions
Assessment*
2024
$5,570 (+9.2%)
$138,430 + $373,500
$511,930
2023
$5,103 (+2.4%)
$121,523 + $326,100
$447,623
2022
$4,982 (+7.7%)
$110,600 + $296,400
$407,000
2021
$4,624 (−0.3%)
$100,388 + $226,200
$326,588
2020
$4,638 (−0.5%)
$87,400 + $213,400
$300,800
2019
$4,662 (+18.0%)
$87,400 + $213,400
$300,800
2018
$3,950 (+8.3%)
$87,400 + $170,800
$258,200
2017
$3,647 (+1.2%)
$76,700 + $155,600
$232,300
2016
$3,602 (+1.8%)
$77,400 + $155,600
$233,000
2015
$3,537 (+9.6%)
$77,400 + $155,600
$233,000
2013
$3,226
$77,400 + $156,400
$233,800
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
3
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
0.4 Acres
Year renovated
—
Sq. Ft.
884
Year built
1984
Style
Single Family Residential
County
York County
APN
348857
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 30, 2026.
R-4
Residential 4 District
The residential 4 district R-4 is established to accommodate one-family and multifamily homes, and customary accessory educational, public and religious uses associated with residential neighborhoods.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Public service
Property details
Parking
Parking Information
Parking Features: Paved, Off Street
Interior
Bathroom Information
# of Baths (Full): 3
Interior Features
Interior Features: Storage
Flooring: Tile, Laminate
Other Equipment: Internet Access Available
Exterior
Building Information
Construction Materials: Vinyl Siding, Wood Frame
Foundation Details: Slab
Roof: Metal
Total Building Area (Sq. Ft.): 1,928
Exterior Features
Other Structures: Shed(s)
Property Information
Year Built: 1984
Above-Grade Finished Area (Sq. Ft.): 1,928
Lot Information
Lot Size (Sq. Ft.): $17,859.60
Lot Size (Acres): 0.41
Lot Size Source: Public Records
Lot Features: Level, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town
Zoning: R-4
Financial
Tax Information
Annual Tax Amount: $5,103
Tax Year: 2024
Utilities
Utility Information
Has Heating
Heating: Heat Pump
Has Cooling
Cooling: Heat Pump
Electric: Circuit Breakers
Sewer: Public Sewer
Utilities: Utilities On
Utilities On: Yes
Water Source: Public
Water Heater: Electric
Location
Multi-Unit Information
# of Units Total: 3
# of 1 Bedroom Units: 1
# of 2 Bedroom Units: 2
Operating Expense: $9,640
Gross Income: $58,500
Unit 1 Information
# of Bedrooms: 1
Actual Rent: $1,175
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Level: Second
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 2 Information
# of Bedrooms: 2
Actual Rent: $2,000
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 3 Information
# of Bedrooms: 2
Actual Rent: $1,350
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes
Location Information
Unparsed Address: 36 Smithwheel Road, Old Orchard Beach, ME 04064
Directions: GPS Friendly
Public facts
Beds: 3
Baths: 1.0
Sq. Ft.: 884
Stories: 1.0
Lot Size: 0.4 acres
Style: Single Family Residential
Year Built: 1984
Year Renovated: —
County: York County
APN: 348857
Home facts updated by county records on Jul 30, 2026
Around this home
Schools
Jameson Elementary School
Public PreK-2 • Assigned • 0.9mi
Loranger Middle School
Public 3-8 • Assigned • 1.0mi
3/10
Old Orchard Beach High School
Public 9-12 • Assigned • 0.8mi
5/10
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
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 89° expected this year, 17 days in 30 years
6/10 Wind Factor
65% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Old Orchard Beach, ME • 04064
Average low and high temperatures (°F)
31
15
34
14
45
28
53
37
64
47
75
57
81
62
77
56
72
52
62
42
50
33
36
20
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.6 hours in
June and 4.3 hours in December, placing it below the
U.S. average for solar exposure.
8.6 hrs
4.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$604,000 – $731,000
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