Biddeford Victorian Multifamily
175 Alfred Street, Biddeford, ME 04005
MULTI_FAMILY - Victorian - Biddeford, ME
Property size:
5,060 SFLot size:
0.15 AcresPrice / SF:
$176/SF- Added:
- May 6, 2026
- Days on Market:
- 28
- Last Refresh:
- Jun 2 at 7:06 am
Property Features for 175 Alfred Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bathrooms
- 6
- Rooms
- Bathroom 6, Bathroom 1, Bathroom 5, Bathroom 2, Bathroom 3, Bathroom 4, Basement
- Patio and Porch features
- Deck
- Interior features
- 1st Floor Bedroom, Attic, Bathtub
- Basement
- Full, Unfinished
- Standard status
- Active
- Size
- 5,060 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7660
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Zoned, Oil, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1910
- Floors in Building
- 2
- Number of units
- 6
- Flooring type
- Carpet, Vinyl, Wood
- Building materials
- Wood Frame, Asbestos, Shingle Siding
- Roof type
- Metal
- Architectural style
- Victorian
Listing agent Jeffrey Davis (207) 233-9423
Listing office Town & Shore Real Estate One Union Wharf, Portland, ME (207) 773-0262
Listing date May 6, 2026
MLS# 1660658
Listing URL
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fantastic cash flow potential as a 6‑unit building.
- Modern updates including metal roof, replacement windows, and furnace.
- Excellent Biddeford location on a nice corner lot.
- Expansion possibilities on the spacious 3rd floor; potential to convert to a 4‑unit building.
- Recently completed professional lead abatement in all living spaces.
- Five parking spaces available.
Overview
This spacious 6-unit building is situated in an excellent location within Biddeford. The property features modern updates, including a metal roof, replacement windows, a furnace, flooring, and cosmetic enhancements. It occupies a corner lot and includes 5 parking spaces. There are expansion possibilities on the spacious 3rd floor, and the property could be converted into a large 4-unit building. The property has recently undergone professional lead abatement in all living spaces. The lot size is 0.15 acres, and the building size is 5060 square feet. The zoning is R2.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $150.0k | $29.64 |
| − Vacancy | −$7.8k | −$1.54 |
| EGI | $142.2k | $28.10 |
| − OpEx | −$64.0k | −$12.64 |
| NOI | $78.2k | $15.45 |
5,060 SF · lease $29.64/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.12M
$977.5K – $1.30M
NOI $78,199 @ 7.0% cap · market cap 8.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $112,280 @ 7.0% cap · market cap 12.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Biddeford
- County
- York
- State
- Maine
- Longitude
- -70.459069
- Latitude
- 43.488365
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Updated 6-unit building with expansion potential in Biddeford, Maine.
Where is this apartment building located?
The property is located at 175 Alfred Street Biddeford, ME.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Fantastic cash flow potential as a 6‑unit building.; Modern updates including metal roof, replacement windows, and furnace.; Excellent Biddeford location on a nice corner lot.
