Four-Unit Apartment
New
For Sale
$825,000
20 Vincent Avenue, Biddeford, ME 04005
MULTI_FAMILY - Other - Biddeford, ME
Property Size3,224 SF
Lot Size0.12 Acres
Price / SF$255.89
Days on Market3
Property Features for 20 Vincent Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 3, Bathroom 1, Bathroom 4, Basement
Basement
Unfinished, Full
Lot features
Level, Near Shopping, Near Town, Neighborhood
Standard status
Active
Size
3,224 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7129
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Oil
Water source
Public
Building Details
Year built
1940
Number of units
4
Flooring type
Wood, Carpet
Building materials
Wood Frame, Asbestos, Shingle Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Signature Homes Real Estate Group, LLC
(207) 885-0500
Listed By:
Derek Goff Joseph Tomazin
(207) 749-9905
Added: Jul 28
Changed: Jul 30
Last Checked: Jul 30 at 12:06PM
MLS# 1673816
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 four-unit residential income property offers four 2-bedroom, 1-bath apartments. The units include separate living and kitchen areas, and hardwood flooring is present in many rooms. Off-street parking is available for tenant convenience.
The property is zoned R2 and is located in Biddeford, just minutes from downtown’s restaurants, breweries, shops, parks, and amenities, with convenient access to major commuter routes. Three of the four units are currently occupied on a month-to-month basis.
The listing also notes the property may be purchased individually or together with the adjoining property at 17 Willett St for a combined portfolio of 6 residential units and 6 oversized garage bays with shared parking.
The property is zoned R2 and is located in Biddeford, just minutes from downtown’s restaurants, breweries, shops, parks, and amenities, with convenient access to major commuter routes. Three of the four units are currently occupied on a month-to-month basis.
The listing also notes the property may be purchased individually or together with the adjoining property at 17 Willett St for a combined portfolio of 6 residential units and 6 oversized garage bays with shared parking.
Key Highlights
- Four‑unit multifamily with four 2‑bedroom, 1‑bath apartments
- Year built 1940 with wood frame construction and shingle roof
- Public water and public sewer service
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
Property Profile
Current Use
Lease Details
4
Residential units
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 - Four 2-bedroom, 1-bath apartments with off-street parking and many rooms featuring hardwood flooring.
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‑unit multifamily with four 2‑bedroom, 1‑bath apartments; Year built 1940 with wood frame construction and shingle roof; Public water and public sewer service
