Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Biddeford Multi-Family Property Title is generated by Realmo AI

    115 West Street, Biddeford, ME 04005

    View on Map
    Claim this Listing
    New
    For Sale
    $585,000

    MULTI_FAMILY - Biddeford, ME

    Property size:
    3,496 SF
    Lot size:
    7.67 Acres
    Price / SF:
    $167/SF
    Added:
    May 15, 2026
    Days on Market:
    2
    Last Refresh:
    May 16 at 5:06 pm

    Property Features for 115 West Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    SR1
    Bathrooms
    3
    Rooms
    Bathroom 2, Bathroom 3, Basement, Bathroom 1
    Parking features
    Off Street
    Basement
    Full, Unfinished
    Standard status
    Active
    Size
    3,496 SF
    Lot size
    7.67 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    8229

    Utilities

    Sewer type
    Private Sewer
    Heating system
    Baseboard, Oil
    Water source
    Public
    Water front
    1

    Building Details

    Year built
    1940
    Number of units
    3
    Flooring type
    Vinyl, Wood, Laminate
    Building materials
    Wood Frame, Vinyl Siding, Wood Siding
    Roof type
    Membrane

    We can help!

    Listing Contact
    Daniel Weber Nicholas Laverriere

    Listing agent Daniel Weber Nicholas Laverriere

    Listing office Keller Williams Realty 50 Sewall Street, Portland, ME

    Listing date May 15, 2026

    MLS# 1662046 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.

    HighLights

    • Delivered vacant, ideal for owner‑occupant, investor, or family compound.
    • Enjoy the large, private pond with 50' of owned land, perfect for recreation.
    • Potential for splitting off an additional buildable lot.
    • Three units: 4‑bedroom, 2‑bedroom, and convertible 1- or 2‑bedroom.
    • Upgraded electrical service and 5 garages for storage.
    • Close to downtown Biddeford, schools, and the beach.

    Overview

    This multi-family property features three units: a four-bedroom unit, a two-bedroom unit, and a one-bedroom unit convertible to a two-bedroom. Original hardwood floors and custom woodwork are present throughout the building. The property includes a large, private pond with a 50-foot strip of owned land surrounding it, suitable for fishing, bird watching, or skating. The lot size is 7.67 acres. Current zoning and dimensional requirements support the potential for splitting off an additional buildable lot. Additional features include an upgraded electrical service and five garages for additional storage. The property is located close to downtown Biddeford, local schools, and the beach. The property can be delivered completely vacant, making it suitable for an owner-occupant, investor, or family compound setup. The property size is 3496 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Auto Repair Shop Hotel & Motel Department Store Kitchen & Bath Showroom Food Market HVAC Service Grocery & Convenience Store Bar & Pub Discount Store Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Biddeford
    County
    York
    State
    Maine
    Longitude
    -70.451313
    Latitude
    43.472206

    Nearby Similar for Sale

    • $675,000
      2,827 SF

      Turnkey Investment Opportunity in Biddeford

      Well-maintained 3-unit property in a desirable, growing location.
      100 Granite Street, Biddeford, ME 04005
      View Details
    • $579,000
      2,957 SF

      Updated Three-Unit Building in Biddeford

      Well-maintained, updated 3-unit building with strong rental potential.
      84 Pike Street, Biddeford, ME 04005
      View Details
    • $749,000
      3,880 SF

      Biddeford Four-Unit Multifamily Property

      Four-unit property in downtown Biddeford with value-add potential.
      36 Bradbury Street, Biddeford, ME 04005
      View Details
    • $895,000
      5,060 SF

      Biddeford Victorian Multifamily Investment

      Updated 6-unit building with expansion potential in Biddeford, Maine.
      175 Alfred Street, Biddeford, ME 04005
      View Details
    • $545,000
      2,965 SF

      Biddeford Multi-Family Investment Opportunity

      Well-maintained multi-family property in Biddeford with strong rental income.
      70 Mason Street, Biddeford, ME 04005
      View Details
    • $1,200,000
      4,911 SF

      Versatile Property with Three Smart Homes

      Rare Biddeford property ideal for living and renting.
      6 Proctor Road, Biddeford, ME 04005
      View Details
    • $2,295,000
      4,569 SF

      Beachfront Land in Biddeford, ME

      Pristine beachfront lot with unobstructed ocean views and building potential.
      37 Fortunes Rocks Road, Biddeford, ME 04005
      View Details
    • $449,000
      3,076 SF

      Biddeford Multi-Unit Building For Sale

      Three-unit building in Biddeford near downtown and the Mills.
      38 Jefferson Street, Biddeford, ME 04005
      View Details
    • $895,000
      5,060 SF

      Biddeford 6-Unit Investment Opportunity

      Spacious, updated 6-unit building with expansion potential in Biddeford, Maine.
      175 Alfred Street, Biddeford, ME 04005
      View Details
    • $499,000
      2,166 SF

      Biddeford Multifamily Opportunity on Corner

      Two-family property in vibrant Biddeford, Maine, with income potential.
      38-40 Middle Street, Biddeford, ME 04005
      View Details
    • $2,295,000
      11,374 SF

      Mixed-Use Property with Heated Warehouse

      High-performing mixed-use property with residential units and a warehouse.
      276 Hill Street, Biddeford, ME 04005
      View Details
    • $650,000
      3,300 SF

      Biddeford Three-Unit Multifamily Property

      Well-located Biddeford three-unit property near downtown.
      64 Bradbury Street, Biddeford, ME 04005
      View Details

    FAQs

    What type of property is this?
    Triplex - Three-unit property with pond, development potential, and convenient location.
    Where is this triplex located?
    The property is located at 115 West Street Biddeford, ME.
    What is the asking price?
    The asking price for this property is $585,000.
    What are key features of this property?
    This property features: Delivered vacant, ideal for owner‑occupant, investor, or family compound.; Enjoy the large, private pond with 50' of owned land, perfect for recreation.; Potential for splitting off an additional buildable lot.
    (207) 284-3043
    We can help!
    Listing Contact
    Daniel Weber Nicholas Laverriere
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    115 West Street, Biddeford, ME 04005
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!