Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    88-90 Old Pool Rd Biddeford, ME 04005

    Sponsored
    For Sale
    $1,625,000

    MULTI_FAMILY - Cape Cod - Biddeford, ME

    Property size:
    3,800 SF
    Lot size:
    4.07 Acres
    Days on Market:
    5
    Last Refresh:
    Feb 13 at 7:06 am

    Property Features for 88-90 Old Pool Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    CR
    Rooms
    Basement, Bathroom 2, Bathroom 1, Bathroom 3, Bathroom 4
    Parking features
    Off Street, Open
    Patio and Porch features
    Deck, Porch
    Pets allowed
    No
    Interior features
    In-Law Apartment, 1st Floor Bedroom, Bathtub, Shower, Storage, Primary Bedroom w/Bath
    Basement
    Full
    Size
    3,800 SF
    Lot size
    4.07 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1853
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Wood, Carpet
    Building materials
    Vinyl Siding, Wood Frame
    Roof type
    Shingle
    Architectural style
    Cape Cod
    Additional Structures
    Outbuilding, Storage

    We can help!

    Listing Contact
    Lisa Smith
    Lisa Smith

    Portside Real Estate Group (207) 619-7571

    Listing agent Lisa Smith (207) 204-0465

    Listing date Feb 9, 2026

    MLS# 1651334

    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.

    Learn more

    Property Insight Report

    Overview

    Coastal Farmhouse Retreat with Barn

    This expanded Cape farmhouse, dating back to 1852, offers four bedrooms and four baths, wood floors, and abundant natural light. Situated on 4.07 acres, the property provides privacy and diverse landscape, including a private pond and mature woods. The grounds encourage outdoor living and connection to nature. The spacious single-family home includes an attached, fully functional, legal in-law apartment, suitable for multi-generational living or short-term rental. The property is located one mile from Middle Beach and the University of New England, balancing semi-rural living with access to coastal amenities and downtown Biddeford. The original barn features an oversized garage and a second-floor office, offering functional space or potential for conversion into a studio or guest quarters. A large, versatile studio space is ideal as a workshop or event space, with the potential to be converted into a 1500 square foot Accessory Dwelling Unit (ADU), pending approvals. A screened gazebo allows relaxation while enjoying encounters with wildlife. The property is suitable as a year-round residence, a coastal retreat, or an investment opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Real Estate Agency Hotel & Motel Kitchen & Bath Showroom Department Store HVAC Service Plumbing Service (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Biddeford
    County
    York
    State
    Maine
    Longitude
    -70.379898
    Latitude
    43.44524

    Nearby Similar for Sale

    • $2,395,000
      11,374 SF

      Mixed-Use Property with Heated Warehouse

      Eight residential units plus a heated warehouse in Biddeford, Maine.
      276 Hill St, Biddeford, ME 04005
      View Details
    • $1,200,000
      4,911 SF

      Income-Producing Multifamily Property

      Unique Biddeford property with rental, business, and residential potential.
      6 Proctor Rd, Biddeford, ME 04005
      View Details
    • $1,200,000
      4,911 SF

      Mixed-Use Commercial Opportunity in Biddeford

      Three buildings on 1+ acre zoned for flexible use.
      6 Proctor Rd, Biddeford, ME 04005
      View Details
    • $629,900
      2,957 SF

      Updated Three-Unit Building in Biddeford

      Well-maintained, updated 3-unit building with strong rental potential.
      84 Pike St, Biddeford, ME 04005
      View Details
    • $435,900
      1,590 SF

      Biddeford Income Property Opportunity

      Two-unit income property with investment and residential possibilities.
      312 Alfred St, Biddeford, ME 04005
      View Details
    • $275,000
      1,041 SF

      Move-In Ready Office/Studio Space

      Flexible commercial property ideal for office or studio use.
      391 Main St, Biddeford, ME 04005
      View Details
    • New
      $530,000
      2,142 SF

      Two-Unit Multifamily Property in Biddeford

      Well-maintained two-unit property with income potential in downtown Biddeford.
      5 Oak Pl, Biddeford, ME 04005
      View Details
    • $599,900
      3,448 SF

      Biddeford Multi-Unit Property

      Three-unit property in downtown Biddeford with garage and off-street parking.
      16 Hill St, Biddeford, ME 04005
      View Details
    • $449,000
      3,298 SF

      Spacious Two-Unit Investment Opportunity

      Two-unit property with potential for a third unit in Biddeford.
      11 Chadwick Pl, Biddeford, ME 04005
      View Details
    • $440,000
      1,609 SF

      Biddeford Multifamily Income Opportunity

      Income-producing multifamily property in up-and-coming Biddeford, Maine.
      155 Hill St, Biddeford, ME 04005
      View Details
    • New
      $799,000
      3,436 SF

      Biddeford Four-Unit Investment Property

      Fully occupied four-unit property near downtown Biddeford.
      93 Summer St, Biddeford, ME 04005
      View Details
    • $460,000
      1,500 SF

      Biddeford Multifamily Property For Sale

      Two-unit property with recent updates in Biddeford, Maine.
      374-376 Alfred St, Biddeford, ME 04005
      View Details

    FAQs

    What type of property is this?
    Specialty property - Picturesque 1852 Cape farmhouse with barn, studio, and pond.
    Where is this specialty property located?
    The property is located at 88-90 Old Pool Rd Biddeford, ME.
    What is the asking price?
    The asking price for this property is $1,625,000.
    What are key features of this property?
    This property features: - Picturesque 1852 expanded Cape farmhouse with 4 bedrooms and 4 baths, featuring wood floors and abundant natural light.; - Private 4.07-acre oasis with pond, mature woods, and abundant wildlife.; - Includes a fully functional, legal in-law apartment for multi-generational living or rental income.
    (207) 400-7677
    Request Owner's contact information
    88-90 Old Pool Rd Biddeford, ME 04005
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    88-90 Old Pool Rd
    Biddeford, ME 04005
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    88-90 Old Pool Rd Biddeford, ME 04005
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Lisa Smith
    Lisa Smith
    (207) 400-7677 (207) 204-0465
    Learn more
    Google sign-in failed. Please try again or use another login method.