Duplex with Updated Building
177 South Street, Biddeford, ME 04005
For Sale
$485,000
Multi-Family, Biddeford, ME
Property Size2,402 SF
Lot Size0.33 Acres
Price / SF$201.92
Days on Market47
Property Features for 177 South Street
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Basement
Lot features
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Architectural style
Additional Structures
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(207) 282-5988
Listed By:
Christian Steppe · License ME BR922819
(207) 286-4721
Added: Sep 25
Changed: Nov 1
Last Checked: Nov 10 at 7:06PM
MLS# 1681989
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 Colonial duplex contains two units within 2,402 square feet. The 1880 wood-frame building has aluminum and wood siding, a shingle roof, and a porch. Improvements include Harvey windows, a Buderus boiler, upgraded electrical wiring and panels, a newer roof, and replacement water and sewer lines. Heating is oil-fired hot water with zoned baseboard delivery. Flooring includes vinyl, carpet, and linoleum, and parking is available both on and off the street.
The property occupies 0.33 acres in Biddeford, with public water and public sewer. Zoning is R1B.
The property occupies 0.33 acres in Biddeford, with public water and public sewer. Zoning is R1B.
Key Highlights
- Two‑unit residential property with 2,402 square feet
- 0.33‑acre lot
- Updated Harvey windows, Buderus boiler, electrical wiring and panels, roof, and water and sewer lines
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,662
Cap Rate
8.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$813,240
$813.2K
Cap Rate 7%
$580,886
$580.9K
Cap Rate 9%
$451,800
$451.8K
Market Conditions
NOI Build-Up for 2,402 SF
Gross rent
$61.1K $25.44/SF
− Vacancy
−$3.0K −$1.26/SF
EGI
$58.1K $24.18/SF
− OpEx
−$17.4K −$7.25/SF
NOI
$40.7K $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%
$813,240
Cap Rate 7%
$580,886
Cap Rate 9%
$451,800
Alternative Uses
Best Use
Multifamily LT 5
$580.9K
$508.3K – $677.7K
NOI $40,662 @ 7.0% cap · market cap 8.38%
Second Best
Apartment 5plus
$530.3K
$464.0K – $618.7K
NOI $37,121 @ 7.0% cap · market cap 7.65%
Theoretical Best
Office A
$761.4K
$666.3K – $888.3K
NOI $53,300 @ 7.0% cap · market cap 10.99%
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
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
278
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
$351,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in York County, ME
Properties on Market for Duplexes in York County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units sit on a 0.33-acre lot with public water and sewer service.
Where is this duplex located?
The property is located at 177 South Street Biddeford, ME.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Two‑unit residential property with 2,402 square feet; 0.33‑acre lot; Updated Harvey windows, Buderus boiler, electrical wiring and panels, roof, and water and sewer lines
