Residential Income
155 Hill Street Biddeford, ME 04005
155 Hill Street, Biddeford, ME, 04005
$440,000
For Sale
$440,000
Income-producing residential property with off-street parking and expansion possibilities at 155 Hill Street in Biddeford.
Property Size1,609 SF
Price / SF$273.46
Days on Market348
Property Features for 155 Hill Street
General Information
- Standard status
- Active
- Size
- 1,609 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1880
Listing agency
RE/MAX Shoreline
(207) 838-1651
Listed by
Thomas Ranello · License #BR109201
(207) 838-1651
Source
Compass
Added: Aug 9, 2025 Updated: Jul 21 at 10:56PM Checked: Jul 21 at 10:56PM
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 RE/MAX Shoreline
Investment Insights
Based on property information with market context.
This residential income property offers an opportunity to purchase a multi-unit asset at 155 Hill Street in Biddeford, Maine. The property is being offered with the note that some work needs to be done, presenting a chance for an owner to improve and reposition the home.
The listing highlights ample off-street parking and the potential for expansion. Buyers interested in financing options mentioned in the remarks (MSHA, VA, and FHA) should review eligibility and underwriting requirements for the property during due diligence.
Interested parties are encouraged to schedule a showing to assess the property condition, layout, and improvement opportunities firsthand.
The listing highlights ample off-street parking and the potential for expansion. Buyers interested in financing options mentioned in the remarks (MSHA, VA, and FHA) should review eligibility and underwriting requirements for the property during due diligence.
Interested parties are encouraged to schedule a showing to assess the property condition, layout, and improvement opportunities firsthand.
Key Highlights
- 2‑story residential income property built in 1880 at 155 Hill Street in Biddeford
- Ample off‑street parking and expansion possibilities
- Interior features include storage
Local Financial Insights For Apartment 5plus
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 | $47.7k | $29.64 |
| − Vacancy | −$2.5k | −$1.54 |
| EGI | $45.2k | $28.10 |
| − OpEx | −$20.3k | −$12.64 |
| NOI | $24.9k | $15.45 |
1,609 SF · lease $29.64/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$355.2K
$310.8K – $414.4K
NOI $24,866 @ 7.0% cap · market cap 5.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$510.0K
$446.3K – $595.1K
NOI $35,703 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Income-producing residential property with off-street parking and expansion possibilities at 155 Hill Street in Biddeford.
Where is this multifamily property located?
The property is located at 155 Hill Street Biddeford, ME.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: 2‑story residential income property built in 1880 at 155 Hill Street in Biddeford; Ample off‑street parking and expansion possibilities; Interior features include storage
