Updated
New
For Sale
$475,000
155 Hill Street, Biddeford, ME 04005
Multi-Family, Biddeford, ME
Property Size1,609 SF
Lot Size0.25 Acres
Price / SF$295.21
Days on Market3
Property Features for 155 Hill Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Patio and Porch features
Deck
Pets allowed
No
Interior features
Attic, Shower, Storage
Basement
Crawl Space, Unfinished
Lot features
Well Landscaped, Level, Sidewalks, Intown, Near Public Beach, Near Shopping, Near Turnpike/ Interstate, Near Town, Neighborhood, Suburban
Standard status
Active
Size
1,609 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4720
Utilities
Sewer type
Public Sewer
Heating system
Oil, Hot Water(Heating)
Water source
Public
Building Details
Year built
1880
Floors in Building
2
Number of units
2
Flooring type
Laminate, Vinyl, Carpet, Wood
Building materials
Wood Frame, Vinyl Siding, Wood Siding
Roof type
Shingle
Architectural style
Other
Additional Structures
Storage
Listing Agency:
RE/MAX Shoreline · RE/MAX International
(207) 553-7500
Listed By:
Thomas Ranello · License #BR109201
(207) 838-1651
Added: Oct 30
Changed: Nov 1
Last Checked: Nov 1 at 7:06AM
MLS# 1686290
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.
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Investment Insights
Based on property information with market context.
This 1,609-square-foot duplex contains two residential units on a 0.25-acre lot. Built in 1880, the wood-frame building has vinyl and wood siding, a shingle roof, and a deck. Interior work includes fresh paint, new sheetrock, carpeting, select flooring, and remodeled bathrooms. An attic and storage areas provide additional space within the property.
The property is served by public water and public sewer and is zoned R2. Interior flooring includes laminate, vinyl, wood, and carpet, with oil-fired hot-water heat.
The property is served by public water and public sewer and is zoned R2. Interior flooring includes laminate, vinyl, wood, and carpet, with oil-fired hot-water heat.
Key Highlights
- Two‑unit duplex on a 0.25‑acre lot
- 1,609 square feet; built in 1880
- R2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,238
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$544,760
$544.8K
Cap Rate 7%
$389,114
$389.1K
Cap Rate 9%
$302,644
$302.6K
Market Conditions
NOI Build-Up for 1,609 SF
Gross rent
$40.9K $25.44/SF
− Vacancy
−$2.0K −$1.26/SF
EGI
$38.9K $24.18/SF
− OpEx
−$11.7K −$7.25/SF
NOI
$27.2K $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%
$544,760
Cap Rate 7%
$389,114
Cap Rate 9%
$302,644
Alternative Uses
Best Use
Multifamily LT 5
$389.1K
$340.5K – $454.0K
NOI $27,238 @ 7.0% cap · market cap 5.73%
Second Best
Apartment 5plus
$355.2K
$310.8K – $414.4K
NOI $24,866 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$510.0K
$446.3K – $595.1K
NOI $35,703 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
891
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 - Two residential units sit within a wood-frame property with recent interior improvements and R2 zoning.
Where is this duplex located?
The property is located at 155 Hill Street Biddeford, ME.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two‑unit duplex on a 0.25‑acre lot; 1,609 square feet; built in 1880; R2 zoning
