Five-Unit Apartment
For Sale
$925,000
79 Hill Street, Biddeford, ME 04005
MULTI_FAMILY - Biddeford, ME
Property Size5,524 SF
Lot Size0.14 Acres
Price / SF$167.45
Days on Market11
Property Features for 79 Hill Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 1, Bathroom 5
Parking features
None
Interior features
1st Floor Bedroom
Basement
Unfinished, Full, Walk-Out Access, Crawl Space
Lot features
Corner Lot, Sidewalks, Intown, Near Shopping, Near Public Transit, Near Railroad
Standard status
Active
Size
5,524 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9560
Utilities
Sewer type
Public Sewer
Heating system
Other (Heating), Natural Gas
Water source
Public
Building Details
Year built
1900
Floors in Building
3
Number of units
5
Flooring type
Vinyl, Wood, Tile, Laminate
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Michael Hamilton · License #BA922188
(207) 570-8998
Added: Jul 27
Changed: Aug 5
Last Checked: Aug 6 at 12:06AM
MLS# 1673689
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 turnkey five-unit apartment building is positioned for straightforward operations and tenant occupancy. The property features two-bedroom layouts across the units, with an interior layout that includes a first-floor bedroom. Construction is wood frame with vinyl siding, and the flooring includes wood, tile, vinyl, and laminate. Heating includes natural gas (along with an additional “other” heating source), and the roof is shingled. Built in 1900, the building sits on a 0.14-acre lot with a total building size of 5,524 square feet, and parking is listed as none.
Zoned R2, the building is served by public water and public sewer. It’s located in downtown Biddeford, just minutes from Main Street, with access to restaurants, breweries, shopping, the Amtrak Downeaster, UNE, beaches, and the Biddeford RiverWalk.
Investment highlights referenced for the property include an approximate 9.24% cap rate, supported by professionally analyzed operating numbers and a note of 8% professional management allowance.
Zoned R2, the building is served by public water and public sewer. It’s located in downtown Biddeford, just minutes from Main Street, with access to restaurants, breweries, shopping, the Amtrak Downeaster, UNE, beaches, and the Biddeford RiverWalk.
Investment highlights referenced for the property include an approximate 9.24% cap rate, supported by professionally analyzed operating numbers and a note of 8% professional management allowance.
Key Highlights
- Five‑unit apartment building with two‑bedroom layouts
- 0.14‑acre lot with 5,524 square feet
- R2 zoning with public water and public sewer
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,356
Businesses Nearby
Explore this area
Business Placement
Demographics for 04005, ME
24,581
Population
11,001
Households
2.2
Avg Household Size
39
Median Age
29%
College-Educated
95%
High-School Grad
47.9 sq mi
ZIP Area
513
Density / Sq Mi
$71,268
Median Household Income
$39,176
Median Earnings
$1,186
Median Rent
$351,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - R2 zoned five-unit multifamily with public water and public sewer, natural gas heating, and a shingle roof.
Where is this apartment building located?
The property is located at 79 Hill Street Biddeford, ME.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Five‑unit apartment building with two‑bedroom layouts; 0.14‑acre lot with 5,524 square feet; R2 zoning with public water and public sewer
