Three-Unit Residential
New
For Sale
$749,000
23 Granite Street, Biddeford, ME 04005
Multi-Family, Biddeford, ME
Property Size3,079 SF
Lot Size0.18 Acres
Price / SF$243.26
Days on Market2
Property Features for 23 Granite Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 2, Bathroom 1, Basement
Parking features
Off Street
Patio and Porch features
Deck, Porch
Pets allowed
No
Interior features
Other Amenities, 1st Floor Bedroom, Attic, Bathtub, Shower, Storage
Basement
Unfinished, Sump Pump, Full
Lot features
Open, Level, Near Shopping, Near Turnpike/ Interstate, Near Town, Suburban
Standard status
Active
Size
3,079 SF
Lot size
0.18 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7702
Utilities
Sewer type
Public Sewer
Heating system
Zoned, Hot Water(Heating), Baseboard, Forced Air, Oil
Water source
Public
Amenities
off-street parking
Building Details
Year built
1900
Floors in Building
3
Number of units
3
Flooring type
Carpet, Wood, Laminate, Vinyl, Tile
Building materials
Wood Frame, Vinyl Siding
Roof type
Composition, Shingle
Architectural style
Saltbox
Additional Structures
Outbuilding, Other, Storage
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Deja Lett
(207) 415-8204
Added: Oct 31
Last Checked: Nov 1 at 5:06AM
MLS# 1686347
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,079-square-foot residential triplex dates to 1900 and includes three apartments: two with three bedrooms and one with two. The property is fully occupied, with an updated heating system and a newer shingle roof. Public water and sewer serve the building, and off-street parking is available.
The 0.18-acre parcel is zoned R2 and includes side yards, a deck, and a porch. The building’s three-unit configuration and bedroom mix provide a clear snapshot of its existing residential setup.
The 0.18-acre parcel is zoned R2 and includes side yards, a deck, and a porch. The building’s three-unit configuration and bedroom mix provide a clear snapshot of its existing residential setup.
Key Highlights
- Three apartments: two three‑bedroom units and one two‑bedroom unit
- 3,079 square feet on a 0.18‑acre lot
- R2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,122
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,042,440
$1.0M
Cap Rate 7%
$744,600
$744.6K
Cap Rate 9%
$579,133
$579.1K
Market Conditions
NOI Build-Up for 3,079 SF
Gross rent
$78.3K $25.44/SF
− Vacancy
−$3.9K −$1.26/SF
EGI
$74.5K $24.18/SF
− OpEx
−$22.3K −$7.25/SF
NOI
$52.1K $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%
$1,042,440
Cap Rate 7%
$744,600
Cap Rate 9%
$579,133
Alternative Uses
Best Use
Multifamily LT 5
$744.6K
$651.5K – $868.7K
NOI $52,122 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$679.8K
$594.8K – $793.1K
NOI $47,584 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$976.0K
$854.0K – $1.14M
NOI $68,322 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
841
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Its apartments include two three-bedroom layouts and one two-bedroom layout, with off-street parking.
Where is this triplex located?
The property is located at 23 Granite Street Biddeford, ME.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Three apartments: two three‑bedroom units and one two‑bedroom unit; 3,079 square feet on a 0.18‑acre lot; R2 zoning
