$499,000
Welcome to an ideal owner-occupied multifamily opportunity in the heart of Biddeford--one of Maine's most dynamic and rapidly evolving markets. This isn't an 'up-and-coming' location--it's already here. Vibrant, walkable, and full of energy, Biddeford offers an exceptional lifestyle with restaurants, brew pubs, coffee shops, and everyday conveniences just a short… Read More distance away. Set on a sun-filled corner lot, this well-sited two-family offers off-street parking, a great yard, and an elevated position that brings in abundant natural light. Upper floors enjoy expansive views that could be further enhanced over time. Both units feature spacious layouts, large sun-filled rooms, inviting porches, and charming original details. Most recently owner-occupied, rents are projected at $2,450 per unit, offering strong income potential. Tenants pay electricity, with the owner covering heat via an efficient boiler. The first-floor unit offers 2-3 bedrooms, while the second floor features a 2-bedroom layout. The property has been fully vacated, allowing for immediate occupancy and flexibility for an owner-occupant or investor. The property works well as-is, while also offering tremendous upside potential for those with some energy and ambition. For additional value, the adjacent buildable lot is also available for $150,000. Conveniently located near the University of New England, Amtrak service to Boston and beyond, and all that the Biddeford-Saco area has to offer, this is a compelling opportunity. Whether you're looking to break into the multifamily market or expand your portfolio, this is a high-quality asset in a location that continues to see strong demand. Schedule your showing today and secure your place in one of Southern Maine's most desirable markets. Read Less
Courtesy of Benchmark Real Estate 207-775-0248
Listing Snapshot
Days Online
19
Last Updated
Full Baths
2
Square Ft.
2,166
Lot Size
0.15 Acres
Year Built
1920
MLS Number
1660686
Additional Details
Property Access
Road Surface Type: "Paved"
Basement
Basement: "Doghouse", "Full", "Sump Pump", "Unfinished", "Walk-Out Access"
Building
Architectural Style: "New Englander", Building Area Total: 2,166, Construction Materials: "Wood Frame", "Vinyl Siding", Number Of Units Total: 2, Year Built: 1920, 2 stories
Cooling
Cooling: "None"
Expenses
Operating Expense: $61,800
Exterior Features
Other Equipment: "Internet Access Available", "Cable", Patio And Porch Features: "Glassed-in Porch", "Porch-Screened", Patio And Porch Features: "Glassed-in Porch", "Porch-Screened"
Fence
Fencing: "Fenced"
Floors
Flooring: "Carpet", "Laminate", "Vinyl", "Wood"
Foundation
Foundation Details: "Brick/Mortar", "Stone"
Water Features
Waterfront Features: "Public", "Nearby"
Heating
Heating: "Oil", "Baseboard", "Hot Water", "Zoned", Heating Included
Income
Gross Income: $58,800
Interior Features
Features: "Other Amenities", "Walk-in Closets", "1st Floor Bedroom", "Bathtub", "One-Floor Living", "Pantry", "Shower", "Storage"
Laundry
Features: "Washer Hookup"
Lot
Features: "Near Country Club", "Open", "Corner Lot", "Level", "Sidewalks", "Intown", "Near Golf Course", "Near Public Beach", "Near Shopping", "Neighborhood", "Near Public Transit", "Near Railroad", 0.15 acres, Area: 0.15, 6,534 square feet
Parking
Features: "Paved", "1 - 4 Spaces", "On Site"
Pets Policy
Pets Allowed: "No Restrictions"
Property
Parcel Number: BIDD-000039-000000-000180, Zoning: MSRD-2
Roof
Roof: "Pitched", "Shingle"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $5,117, Tax Lot: 180
Utilities
Electric: "Circuit Breakers", Water Source: "Public"
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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.
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