Mixed-Use Residential and Heated
276 Hill Street Biddeford, ME 04005
276 Hill Street, Biddeford, ME, 04005
$2,295,000
For Sale
$2,295,000
MULTI_FAMILY - Colonial - Biddeford, ME
Property Size11,374 SF
Lot Size0.75 Acres
Price / SF$201.78
Days on Market71
Property Features for 276 Hill Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bathrooms
- 8
- Rooms
- Bathroom 8, Bathroom 7, Bathroom 6, Bathroom 1, Basement, Bathroom 3, Bathroom 2, Bathroom 5, Bathroom 4
- Parking features
- Heated, Open
- Patio and Porch features
- Porch, Deck
- Pets allowed
- No
- Interior features
- 1st Floor Bedroom, 1st Floor Primary Bedroom w/Bath, Bathtub, One-Floor Living
- Basement
- Full, Unfinished
- Standard status
- Active
- Size
- 11,374 SF
- Lot size
- 0.75 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 17780
Utilities
- Sewer type
- Public Sewer
- Heating system
- Zoned, Hot Water(Heating), Oil, Baseboard
- Water source
- Public
Building Details
- Year built
- 1970
- Floors in Building
- 3
- Number of units
- 8
- Flooring type
- Wood, Tile, Vinyl, Carpet
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Composition, Shingle
- Architectural style
- Colonial
Listing Agency
Spectrum Real Estate
(207) 805-3707
84 Middle Street, Portland, ME
Listed by
Fred Andrews
(207) 233-6699
Added: May 7 Checked: Jul 16 at 7:06 pm
MLS# 1627070
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.
Investment Insights
Based on property information with market context.
Located at 276 Hill Street in Biddeford, this two-building mixed-use compound combines eight residential units with a heated warehouse. The residential component includes an updated owner’s suite with a fireplace. The second building is supported by a heated warehouse configuration with four oversized overhead bay doors, offering secure enclosed space for a variety of business or personal uses.
The property sits within R2 zoning. It also includes ample paved parking and a landscaped site.
As presented, the offering supports both income-producing residential living and a practical, warehouse-style space under one ownership.
The property sits within R2 zoning. It also includes ample paved parking and a landscaped site.
As presented, the offering supports both income-producing residential living and a practical, warehouse-style space under one ownership.
Key Highlights
- Two‑building mixed‑use compound in Biddeford, ME, with 8 residential units plus a heated warehouse
- Heated warehouse includes 4 oversized overhead bay doors for secure, high‑end workspace
- Zoned hot water heating with oil and baseboard systems; one‑floor living with 1st floor primary suite w/ bath
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 | $337.1k | $29.64 |
| − Vacancy | −$17.5k | −$1.54 |
| EGI | $319.6k | $28.10 |
| − OpEx | −$143.8k | −$12.64 |
| NOI | $175.8k | $15.45 |
11,374 SF · lease $29.64/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.51M
$2.20M – $2.93M
NOI $175,777 @ 7.0% cap · market cap 7.66%
Second Best
Warehouse
$2.03M
$1.78M – $2.37M
NOI $142,423 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$3.61M
$3.15M – $4.21M
NOI $252,385 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Lamontagne Plumbing & Heating
HVAC Service
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Two-building compound with eight residential units and a heated warehouse featuring four overhead bay doors.
Where is this apartment building located?
The property is located at 276 Hill Street Biddeford, ME.
What is the asking price?
The asking price for this property is $2,295,000.
What are key features of this property?
This property features: Two‑building mixed‑use compound in Biddeford, ME, with 8 residential units plus a heated warehouse; Heated warehouse includes 4 oversized overhead bay doors for secure, high‑end workspace; Zoned hot water heating with oil and baseboard systems; one‑floor living with 1st floor primary suite w/ bath
