Three-Building Multifamily
6 Proctor Road Biddeford, ME 04005
New
MULTI_FAMILY - Cottage, Contemporary, Colonial - Biddeford, ME
Property size:
4,911 SFLot size:
1.10 AcresPrice / SF:
$234/SF- Added:
- Jul 7, 2026
- Days on Market:
- 4
- Last Refresh:
- Jul 10 at 5:06 pm
Property Features for 6 Proctor Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RF
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 3, Bathroom 4, Bathroom 2, Basement
- Parking features
- Open, Heated
- Security features
- Security System
- Patio and Porch features
- Deck
- Interior features
- Other Amenities, Walk-in Closets, Attic, Bathtub, Shower, Primary Bedroom w/Bath
- Basement
- Full, Unfinished
- Standard status
- Active
- Size
- 4,911 SF
- Lot size
- 1.10 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 8199
Utilities
- Sewer type
- Septic Tank, Private Sewer
- Heating system
- Natural Gas, Forced Air, Electric (Heating), Zoned, Propane (Heating), Radiant, Heat Pump (Heating)
- Cooling system
- Heat Pump
- Water source
- Private, Well
Building Details
- Year built
- 1941
- Number of units
- 3
- Flooring type
- Carpet, Laminate, Tile, Plank, Wood, Vinyl
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Metal, Membrane, Shingle
- Architectural style
- Cottage, Contemporary, Colonial
- Additional Structures
- Other
Listing agent John Krouse (207) 929-0956
Listing office EXP Realty 41 Hutchins Drive Building 3, Rangeley, ME (888) 439-8743
Listing date Jul 7, 2026
MLS# 1643996
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.
This three-building multifamily property is set up for flexible occupancy, with app-controlled smart features connecting all structures. The main home includes three bedrooms plus an in-law suite with its own kitchen, radiant floor heating in key areas, two laundry rooms, custom tiled bathrooms, a Viessmann heating system, and a newer metal roof. A 20KW whole-house generator serves the main residence, and wall-mounted TVs are included. The second detached building provides a full bath and two ductless mini-splits, includes networking capabilities, has its own 10KW generator, and was structurally designed for a future second story. The turnkey cottage offers an open floor plan, washer/dryer, a mounted TV, Bose surround sound, and a dedicated 10KW generator.
The property sits on 1.1 acres and features separate electric meters and in-ground propane tanks with remote monitoring, along with paved parking. A newer leach field was installed in 2021. The listing notes RF zoning and a convenient location near downtown Biddeford, University of New England, beaches, restaurants, and I-95.
For buyers and operators, the layout supports multigenerational use as well as rental and short-term rental options, with each building independently metered and generator-equipped. The smart technology package covers app-based control of lights, locks, cameras, thermostats, and alarms, providing centralized management across the three structures.
The property sits on 1.1 acres and features separate electric meters and in-ground propane tanks with remote monitoring, along with paved parking. A newer leach field was installed in 2021. The listing notes RF zoning and a convenient location near downtown Biddeford, University of New England, beaches, restaurants, and I-95.
For buyers and operators, the layout supports multigenerational use as well as rental and short-term rental options, with each building independently metered and generator-equipped. The smart technology package covers app-based control of lights, locks, cameras, thermostats, and alarms, providing centralized management across the three structures.
Key Highlights
- Current cap rate of 13.52%
- Three separate smart‑enabled buildings on more than 1 acre for multigenerational living, rentals, or flexible investment use
- Main home has 3 bedrooms plus an in‑law suite with its own kitchen and radiant floor heating in key areas
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 | $124.9k | $25.44 |
| − Vacancy | −$6.2k | −$1.26 |
| EGI | $118.8k | $24.18 |
| − OpEx | −$35.6k | −$7.25 |
| NOI | $83.1k | $16.93 |
4,911 SF · lease $25.44/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.19M
$1.04M – $1.39M
NOI $83,135 @ 7.0% cap · market cap 7.23%
Second Best
Apartment 5plus
$1.08M
$948.7K – $1.26M
NOI $75,896 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $108,973 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three smart-enabled buildings with separate utilities and generator backup support flexible long- or short-term tenancy under RF zoning.
Where is this triplex located?
The property is located at 6 Proctor Road Biddeford, ME.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Current cap rate of 13.52%; Three separate smart‑enabled buildings on more than 1 acre for multigenerational living, rentals, or flexible investment use; Main home has 3 bedrooms plus an in‑law suite with its own kitchen and radiant floor heating in key areas
