Two-Unit Income
Biddeford, ME 04005 Biddeford, ME 04005
Biddeford, ME, 04005
$435,900
For Sale
$435,900
MULTI_FAMILY - Biddeford, ME
Property Size1,590 SF
Price / SF$274.15
Days on Market246
Property Features
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Attached
- Bathrooms
- 2
- Standard status
- Active
- Size
- 1,590 SF
Building Details
- Year built
- 1921
Listing agency
Wells, Maine
(207) 646-5131
Listed by
Paula Standley
(207) 646-5131
Added: Nov 17, 2025 Updated: Jul 20 at 4:09PM Checked: Jul 21 at 1:06PM
MLS# 1643777
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 duplex offers a practical layout for residential occupancy, with each level configured for independent living. The first-floor unit features a front porch entry into a shared hallway, with a spacious living room open to a dining room, a kitchen, a back bedroom, and a full bath. Tenants have access to the full basement for storage and washer and dryer hookups. The second-floor unit includes stairs and a backside deck, with a kitchen that has a laundry area and pantry space, a living room, two bedrooms, and a full bath, plus walk-up attic storage.
The property is described as being on the public bus route, with shopping, restaurants, and the Turnpike nearby. The listing also notes a very spacious backyard and ample parking space.
The property is listed as Zoned Office Residential, creating additional owner-occupant possibilities. The building includes a shared hallway between levels and includes both basement and attic storage to support tenant needs.
The property is described as being on the public bus route, with shopping, restaurants, and the Turnpike nearby. The listing also notes a very spacious backyard and ample parking space.
The property is listed as Zoned Office Residential, creating additional owner-occupant possibilities. The building includes a shared hallway between levels and includes both basement and attic storage to support tenant needs.
Key Highlights
- 2‑unit income property built in 1921, with office residential zoning listed for additional owner possibilities
- 1st‑floor unit features a front porch entrance, spacious living room open to dining, kitchen, back bedroom, and full bath
- Tenant in the 1st unit has access to the full basement, including storage and washer/dryer hookup
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 spacious units with separate entry access, a full basement with laundry hookups, and attic storage.
Where is this duplex located?
The property is located at 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: 2‑unit income property built in 1921, with office residential zoning listed for additional owner possibilities; 1st‑floor unit features a front porch entrance, spacious living room open to dining, kitchen, back bedroom, and full bath; Tenant in the 1st unit has access to the full basement, including storage and washer/dryer hookup
