Four-Unit Apartment
20 Vincent Avenue Biddeford, ME 04005
New
For Sale
$825,000
MULTI_FAMILY - Other - Biddeford, ME
Property Size3,224 SF
Lot Size0.12 Acres
Price / SF$255.89
Days on Market3
Property Features for 20 Vincent Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bathrooms
4
Rooms
Bathroom 1, Bathroom 3, Bathroom 2, Bathroom 4, Basement
Basement
Full, Unfinished
Standard status
Active
Size
3,224 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7129
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Oil
Water source
Public
Building Details
Year built
1940
Number of units
4
Flooring type
Wood, Carpet
Building materials
Wood Frame, Asbestos, Shingle Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Signature Homes Real Estate Group, LLC
(207) 885-0500
Listed By:
Derek Goff Joseph Tomazin
(207) 749-9905
Added: Jul 28
Last Checked: Jul 30 at 4:06AM
MLS# 1673816
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.
Investment Insights
Based on property information with market context.
This four-unit residential income property offers four 2-bedroom, 1-bath apartments. The units include separate living and kitchen areas, and hardwood flooring is present in many rooms. Off-street parking is available for tenant convenience.
The property is zoned R2 and is located in Biddeford, just minutes from downtown’s restaurants, breweries, shops, parks, and amenities, with convenient access to major commuter routes. Three of the four units are currently occupied on a month-to-month basis.
The listing also notes the property may be purchased individually or together with the adjoining property at 17 Willett St for a combined portfolio of 6 residential units and 6 oversized garage bays with shared parking.
The property is zoned R2 and is located in Biddeford, just minutes from downtown’s restaurants, breweries, shops, parks, and amenities, with convenient access to major commuter routes. Three of the four units are currently occupied on a month-to-month basis.
The listing also notes the property may be purchased individually or together with the adjoining property at 17 Willett St for a combined portfolio of 6 residential units and 6 oversized garage bays with shared parking.
Key Highlights
- Four‑unit multifamily with four 2‑bedroom, 1‑bath apartments
- Year built 1940 with wood frame construction and shingle roof
- Public water and public sewer service
Financial Insights For Multifamily LT 5
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 | $82.0k | $25.44 |
| − Vacancy | −$4.1k | −$1.26 |
| EGI | $78.0k | $24.18 |
| − OpEx | −$23.4k | −$7.25 |
| NOI | $54.6k | $16.93 |
3,224 SF · lease $25.44/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$779.7K
$682.2K – $909.6K
NOI $54,577 @ 7.0% cap · market cap 6.62%
Second Best
Apartment 5plus
$711.8K
$622.8K – $830.4K
NOI $49,825 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$1.02M
$894.2K – $1.19M
NOI $71,539 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Four 2-bedroom, 1-bath apartments with off-street parking and many rooms featuring hardwood flooring.
Where is this quadplex located?
The property is located at 20 Vincent Avenue Biddeford, ME.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Four‑unit multifamily with four 2‑bedroom, 1‑bath apartments; Year built 1940 with wood frame construction and shingle roof; Public water and public sewer service
