Biddeford Income Property
312 Alfred Street Biddeford, ME 04005
312 Alfred Street, Biddeford, ME, 04005
$435,900
For Sale
$435,900
Multiple - Biddeford, ME
Property Size1,590 SF
Lot Size13,068.00 Acres
Price / SF$274.15
Days on Market242
Property Features for 312 Alfred Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Standard status
- Active
- Size
- 1,590 SF
- Lot size
- 13,068.00 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4951
Utilities
- Heating system
- Hot Water (Heating), Steam
Building Details
- Year built
- 1921
- Flooring type
- Hardwood, Linoleum, Wood
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
Wells, Maine
(207) 646-5131
1465 Post Road, Keene, ME
Listed by
Paula Standley
(207) 646-5131
Added: Nov 17, 2025 Checked: Jul 17 at 3:06 pm
MLS# 1643777
Listing URL
Copyright © 2026 Better Homes and Gardens-The Masiello Group. 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 two-unit income property in Biddeford, Maine, offers opportunities for investors or first-time homebuyers. Zoned Office Residential, the property allows for additional owner possibilities. The building features a spacious backyard with ample parking. The first-floor unit includes a front porch entrance leading to a shared hallway for the second-floor tenant. Inside, the first unit has a living room with an open concept to a dining room, a kitchen off the dining room, a back bedroom, and a full bath. The tenant has access to the full basement for storage and washer and dryer hookups. The second-floor unit, accessible via stairs and a deck on the backside of the building, features a kitchen with a laundry area and pantry space, a living room, two bedrooms, and a full bath. There is a walk-up attic space for storage. The property is located on the public bus route and is near shopping, restaurants, and the turnpike. The property size is 1590 square feet and the lot size is 0.3 acres.
Key Highlights
- Income property ideal for investors or first‑time homebuyers.
- Zoned Office Residential, offering diverse usage possibilities.
- Spacious backyard with ample parking.
Local 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 | $40.4k | $25.44 |
| − Vacancy | −$2.0k | −$1.26 |
| EGI | $38.5k | $24.18 |
| − OpEx | −$11.5k | −$7.25 |
| NOI | $26.9k | $16.93 |
1,590 SF · lease $25.44/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$384.5K
$336.5K – $448.6K
NOI $26,916 @ 7.0% cap · market cap 6.17%
Second Best
Apartment 5plus
$351.0K
$307.2K – $409.5K
NOI $24,572 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$504.0K
$441.0K – $588.0K
NOI $35,282 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit income property with investment and residential possibilities.
Where is this duplex located?
The property is located at 312 Alfred Street Biddeford, ME.
What is the asking price?
The asking price for this property is $435,900.
What are key features of this property?
This property features: Income property ideal for investors or first‑time homebuyers.; Zoned Office Residential, offering diverse usage possibilities.; Spacious backyard with ample parking.
