Duplex with Attached
For Sale
$524,900
152 Prospect Street, Biddeford, ME 04005
R2 zoning and an attached barn support a range of residential and auxiliary uses.
Property Size2,924 SF
Price / SF$179.51
Days on Market154
Property Features for 152 Prospect Street
General Information
Standard status
Active
Size
2,924 SF
Property subtype
Multi Family Home
Zoning
R2
Units
Unit Mix
1 x 4BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,922
Amenities
soaking tub
fenced yard
patio
deck
attached barn
Building Details
Building Size
2,924 SF
Year Built
1880
Units
2
Listing Agency:
Coldwell Banker Realty
(207) 773-1990
Listed By:
Frank Hennings
(207) 671-9985
Source:
Amerorealty
Added: Jun 1
Changed: Oct 31
Last Checked: Oct 31 at 2:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
Built in 1880, this 2,924-square-foot duplex is configured as two residences, with options for alternate unit layouts. One arrangement places a 2,200-square-foot, four-bedroom, two-bath residence on the first floor and a 700-square-foot, one-bedroom, one-bath accessory dwelling unit upstairs. Another configuration divides the first floor into a three-bedroom, two-bath unit and the front portion into a two-bedroom, one-bath ADU. The upstairs unit uses the original front staircase and has one dedicated parking space.
An attached barn provides additional room for storage, hobbies, or workshop use. Property features include a fenced yard, patio, deck, and dining-area slider. Kitchen appliances and two washer-and-dryer sets are included. Exterior work completed from 2017 to 2019 included siding, roofing, a heat pump, appliances, a water heater, and a central furnace. The property is zoned R2.
An attached barn provides additional room for storage, hobbies, or workshop use. Property features include a fenced yard, patio, deck, and dining-area slider. Kitchen appliances and two washer-and-dryer sets are included. Exterior work completed from 2017 to 2019 included siding, roofing, a heat pump, appliances, a water heater, and a central furnace. The property is zoned R2.
Key Highlights
- 2,924‑square‑foot duplex built in 1880
- Two‑unit layout, with alternate configurations including a 2,200 sq ft, 4‑bedroom, 2‑bath residence and a 700 sq ft, 1‑bedroom, 1‑bath ADU
- Attached barn offers storage, hobby, and workshop space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,188
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$903,760
$903.8K
Cap Rate 7%
$645,543
$645.5K
Cap Rate 9%
$502,089
$502.1K
Market Conditions
NOI Build-Up for 2,924 SF
Gross rent
$86.7K $29.64/SF
− Vacancy
−$4.5K −$1.54/SF
EGI
$82.2K $28.10/SF
− OpEx
−$37.0K −$12.64/SF
NOI
$45.2K $15.45/SF
Area
York County, ME
Vacancy
5.20%
Lease Rate
$29.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$903,760
Cap Rate 7%
$645,543
Cap Rate 9%
$502,089
Alternative Uses
Best Use
Multifamily LT 5
$707.1K
$618.7K – $825.0K
NOI $49,498 @ 7.0% cap · market cap 9.43%
Second Best
Apartment 5plus
$645.5K
$564.9K – $753.1K
NOI $45,188 @ 7.0% cap · market cap 8.61%
Theoretical Best
Office A
$926.9K
$811.0K – $1.08M
NOI $64,883 @ 7.0% cap · market cap 12.36%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - R2 zoning and an attached barn support a range of residential and auxiliary uses.
Where is this duplex located?
The property is located at 152 Prospect Street Biddeford, ME.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: 2,924‑square‑foot duplex built in 1880; Two‑unit layout, with alternate configurations including a 2,200 sq ft, 4‑bedroom, 2‑bath residence and a 700 sq ft, 1‑bedroom, 1‑bath ADU; Attached barn offers storage, hobby, and workshop space
