Four-Unit Apartment
New
For Sale
$825,000
20 Vincent Avenue, Biddeford, ME 04005
Residential property offers two-bedroom layouts, hardwood flooring in many rooms, and off-street parking.
Property Size3,224 SF
Price / SF$255.89
Days on Market6
Property Features for 20 Vincent Avenue
General Information
Standard status
Active
Size
3,224 SF
Property subtype
Multi-family
Occupancy
75%
Building Details
Year Built
1940
Tenancy
Multi
Listing Agency:
Signature Homes Real Estate Group,LLC
Listed By:
Derek Goff Joseph Tomazin
(603) 866-2942
Source:
Profoundrealestate
Added: Jul 27
Changed: Jul 31
Last Checked: Aug 1 at 4:04AM
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 Signature Homes Real Estate Group,LLC
Investment Insights
Based on property information with market context.
This 3,224-square-foot multifamily property includes four apartments, each with two bedrooms and one bathroom. The units feature functional layouts with separate living and kitchen areas, bright living spaces, and hardwood flooring in many rooms. Built in 1940, the property also provides off-street parking for residents.
Located at 20 Vincent Avenue in Biddeford, the property is minutes from downtown restaurants, breweries, shops, parks, and other amenities. Major commuter routes are conveniently accessible. Three of the four units are occupied on a month-to-month basis, providing an existing residential income component and flexibility in future occupancy arrangements.
Located at 20 Vincent Avenue in Biddeford, the property is minutes from downtown restaurants, breweries, shops, parks, and other amenities. Major commuter routes are conveniently accessible. Three of the four units are occupied on a month-to-month basis, providing an existing residential income component and flexibility in future occupancy arrangements.
Key Highlights
- Four apartments, each with 2 bedrooms and 1 bathroom
- 3,224 square feet of multifamily property
- Three of four units occupied on a month‑to‑month basis
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 | $82.0k | $25.44 |
| − Vacancy | −$4.1k | −$1.26 |
| EGI | $78.0k | $24.18 |
| − OpEx | −$23.4k | −$7.25 |
| NOI | $54.6k | $16.93 |
3,224 SF · lease $25.44/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$779.7K
$682.2K – $909.6K
NOI $54,577 @ 7.0% cap · market cap 6.62%
Second Best
Apartment 5plus
$711.8K
$622.8K – $830.4K
NOI $49,825 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$1.02M
$894.2K – $1.19M
NOI $71,539 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
75%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
323
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Residential property offers two-bedroom layouts, hardwood flooring in many rooms, and off-street parking.
Where is this quadplex located?
The property is located at 20 Vincent Avenue Biddeford, ME.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Four apartments, each with 2 bedrooms and 1 bathroom; 3,224 square feet of multifamily property; Three of four units occupied on a month‑to‑month basis
