50 Mason Street, Biddeford, ME 04005
MULTI_FAMILY - Colonial - Biddeford, ME
- Added:
- Jun 2, 2026
- Days on Market:
- 18
- Last Refresh:
- Jun 19 at 1:06 am
Property Features for 50 Mason Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R1B
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 3, Bathroom 1, Basement
- Patio and Porch features
- Deck
- Basement
- Full, Walk-Out Access
- Standard status
- Active
- Size
- 2,766 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6167
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Oil, Natural Gas, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1899
- Number of units
- 3
- Flooring type
- Hardwood, Laminate
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Colonial
Listing agent Kathy Apon (207) 671-5496
Listing office Greater Portland Realty 41Merrill Road, Portland, ME (207) 797-7777
Listing date Jun 2, 2026
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
- Fully rented 3‑unit property with three unit types: 3BR 1.5BA, 2BR 1BA, and 1BR 1BA
- Recent updates include a new roof and a new deck
- Six‑car off‑street parking lot for residents and guests
- Colonial‑style home built in 1899
- Utilities include public water and public sewer
- Heating includes natural gas, hot water, oil, and forced air; roof is shingle
Overview
The property is located on a quiet dead-end street and is described as being just minutes from downtown Biddeford, providing convenient access to local shops, restaurants, and everyday amenities. The address is 50 Mason Street in Biddeford, Maine.
For tenants, the layout offers a mix of bedroom sizes across the three units, including a larger multi-level option and two smaller configurations. For buyers, the fully rented status supports an income-producing approach, while the current setup can also accommodate future owner-occupancy, depending on how the new owner chooses to use one of the units. Recent exterior improvements, including the new roof and deck, provide additional operational confidence for an owner considering long-term management or transition to an owner-occupied arrangement.
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 | $70.4k | $25.44 |
| − Vacancy | −$3.5k | −$1.26 |
| EGI | $66.9k | $24.18 |
| − OpEx | −$20.1k | −$7.25 |
| NOI | $46.8k | $16.93 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Biddeford
- County
- York
- State
- Maine
- Longitude
- -70.464568
- Latitude
- 43.492093
