Two-Unit
New
For Sale
$455,000
15 Westfield Street, Biddeford, ME 04005
Multi-Family, Biddeford, ME
Property Size1,776 SF
Lot Size0.14 Acres
Price / SF$256.19
Days on Market4
Property Features for 15 Westfield Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 2, Bathroom 1
Parking features
Off Street
Patio and Porch features
Deck, Porch
Interior features
1st Floor Bedroom, Attic, Bathtub
Basement
Unfinished, Full, Walk-Out Access
Lot features
Well Landscaped, Level, Near Shopping, Neighborhood
Standard status
Active
Size
1,776 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4651
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Oil, Hot Water(Heating)
Water source
Public
Amenities
hardwood floors
full basement
green space
Building Details
Year built
1940
Floors in Building
2
Number of units
2
Flooring type
Linoleum, Wood
Building materials
Wood Frame, Vinyl Siding
Roof type
Flat
Architectural style
Colonial, Modern
Listing Agency:
Regency Realty Group
(207) 253-1500
Listed By:
Carol Rico
(207) 615-2273
Added: Oct 20
Last Checked: Oct 23 at 7:06PM
MLS# 1679851
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,776-square-foot duplex contains two apartments, each with two bedrooms and one full bathroom. Wood flooring, a full basement, and a deck and porch provide additional usable features. The 0.14-acre property was built in 1940 and is zoned R2.
Heating is provided by an oil-fired hot-water baseboard system. Public water and public sewer serve the property, and off-street parking is available.
Heating is provided by an oil-fired hot-water baseboard system. Public water and public sewer serve the property, and off-street parking is available.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 full bathroom
- 1,776 square feet on a 0.14‑acre lot
- R2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,065
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$601,300
$601.3K
Cap Rate 7%
$429,500
$429.5K
Cap Rate 9%
$334,056
$334.1K
Market Conditions
NOI Build-Up for 1,776 SF
Gross rent
$45.2K $25.44/SF
− Vacancy
−$2.2K −$1.26/SF
EGI
$42.9K $24.18/SF
− OpEx
−$12.9K −$7.25/SF
NOI
$30.1K $16.93/SF
Area
York County, ME
Vacancy
4.94%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$601,300
Cap Rate 7%
$429,500
Cap Rate 9%
$334,056
Alternative Uses
Best Use
Multifamily LT 5
$429.5K
$375.8K – $501.1K
NOI $30,065 @ 7.0% cap · market cap 6.61%
Second Best
Apartment 5plus
$392.1K
$343.1K – $457.5K
NOI $27,447 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$563.0K
$492.6K – $656.8K
NOI $39,409 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
400
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom apartments, a full basement, and off-street parking support a straightforward residential setup.
Where is this duplex located?
The property is located at 15 Westfield Street Biddeford, ME.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 full bathroom; 1,776 square feet on a 0.14‑acre lot; R2 zoning
