Two-Bedroom Duplex with Leased
17 Willett Street Biddeford, ME 04005
New
For Sale
$475,000
MULTI_FAMILY - Biddeford, ME
Property Size1,832 SF
Lot Size0.15 Acres
Price / SF$259.28
Days on Market3
Property Features for 17 Willett Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Standard status
Active
Size
1,832 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4754
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Oil, Hot Water(Heating)
Water source
Public
Building Details
Year built
1940
Number of units
2
Flooring type
Laminate, Wood
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Listing Agency:
Signature Homes Real Estate Group, LLC
(207) 885-0500
Listed By:
Derek Goff Joseph Tomazin
(207) 749-9905
Added: Jul 28
Last Checked: Jul 30 at 6:06AM
MLS# 1673815
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.
Investment Insights
Based on property information with market context.
This income property includes two 2-bedroom, 1-bath apartments, each with more than 900 square feet of living space. Beneath the residences are six oversized garage bays that are currently leased separately, creating an additional layer of rental income. Exterior improvements include vinyl siding, and new windows and exterior doors installed in 2019. Off-street parking and separate garage access are in place to support convenient day-to-day operations.
The building is located at 17 Willett Street in Biddeford, Maine. The listing notes the opportunity to purchase this property individually or together with the adjoining property at 20 Vincent Ave to form a combined portfolio of 6 residential units and 6 oversized garage bays with shared parking. The property is described as being just minutes from downtown Biddeford amenities and offering convenient access to the Maine Turnpike, Amtrak, and nearby beaches.
The building is located at 17 Willett Street in Biddeford, Maine. The listing notes the opportunity to purchase this property individually or together with the adjoining property at 20 Vincent Ave to form a combined portfolio of 6 residential units and 6 oversized garage bays with shared parking. The property is described as being just minutes from downtown Biddeford amenities and offering convenient access to the Maine Turnpike, Amtrak, and nearby beaches.
Key Highlights
- Two 2‑bedroom, 1‑bath apartments, each with more than 900 SF of living space
- Six oversized garage bays beneath the residential units, each currently leased separately
- New windows and exterior doors installed in 2019
Financial Insights For Multifamily LT 5
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 | $46.6k | $25.44 |
| − Vacancy | −$2.3k | −$1.26 |
| EGI | $44.3k | $24.18 |
| − OpEx | −$13.3k | −$7.25 |
| NOI | $31.0k | $16.93 |
1,832 SF · lease $25.44/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$443.0K
$387.7K – $516.9K
NOI $31,013 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$404.5K
$353.9K – $471.9K
NOI $28,312 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$580.7K
$508.1K – $677.5K
NOI $40,651 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two 2BR, 1BA apartments above six oversized garage bays, each leased separately, with off-street parking.
Where is this duplex located?
The property is located at 17 Willett 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 2‑bedroom, 1‑bath apartments, each with more than 900 SF of living space; Six oversized garage bays beneath the residential units, each currently leased separately; New windows and exterior doors installed in 2019
