Two-Unit Duplex with Walk-In
For Sale
$500,000
23 Foss Street, Biddeford, ME 04005
Both residences include in-unit laundry, monitor heating, and driveway parking.
Property Size1,848 SF
Price / SF$270.56
Days on Market217
Property Features for 23 Foss Street
General Information
Standard status
Active
Size
1,848 SF
Property subtype
Multi Family Home
Zoning
MSRD1
Taxes and HOA fees
Annual Taxes
$3,990
Building Details
Building Size
1,848 SF
Year Built
1890
Stories
3
Units
2
Listing Agency:
Epique Realty
(888) 893-8937
Listed By:
Melinda Torrens
(207) 776-1620
Source:
Patryfamilyrealty
Added: Mar 30
Changed: Oct 31
Last Checked: Oct 31 at 3:29AM
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 Epique Realty
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Investment Insights
Based on property information with market context.
This 1,848-square-foot duplex in Biddeford contains two residences, each with a main bedroom and walk-in closet, a second bedroom, in-unit laundry, monitor heating, and one driveway parking space. The second-floor residence also has access to additional storage on the third floor. The property was built in 1890 and is zoned MSRD1.
Located within a half mile of the Saco Biddeford Transportation Center, the property is also near shops and restaurants. An existing FHA mortgage at 2.75% may be assumable for a qualified buyer.
Located within a half mile of the Saco Biddeford Transportation Center, the property is also near shops and restaurants. An existing FHA mortgage at 2.75% may be assumable for a qualified buyer.
Key Highlights
- Two‑unit duplex with 1,848 square feet
- Each residence has a main bedroom with walk‑in closet and a second bedroom
- In‑unit laundry and monitor heating in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,283
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$625,660
$625.7K
Cap Rate 7%
$446,900
$446.9K
Cap Rate 9%
$347,589
$347.6K
Market Conditions
NOI Build-Up for 1,848 SF
Gross rent
$47.0K $25.44/SF
− Vacancy
−$2.3K −$1.26/SF
EGI
$44.7K $24.18/SF
− OpEx
−$13.4K −$7.25/SF
NOI
$31.3K $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%
$625,660
Cap Rate 7%
$446,900
Cap Rate 9%
$347,589
Alternative Uses
Best Use
Multifamily LT 5
$446.9K
$391.0K – $521.4K
NOI $31,283 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$408.0K
$357.0K – $476.0K
NOI $28,560 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$585.8K
$512.6K – $683.4K
NOI $41,006 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,356
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include in-unit laundry, monitor heating, and driveway parking.
Where is this duplex located?
The property is located at 23 Foss Street Biddeford, ME.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,848 square feet; Each residence has a main bedroom with walk‑in closet and a second bedroom; In‑unit laundry and monitor heating in both residences
