Four-Unit Residential
23 Green Street, Biddeford, ME 04005
For Sale
$595,000
Two vacant apartments provide flexibility for occupancy or rental placement.
Property Size2,624 SF
Price / SF$226.75
Days on Market131
Property Features for 23 Green Street
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Units
Listing Agency:
U&R Real Estate
(207) 835-0118
Listed By:
Amanda Wheeler
(207) 333-1050
Source:
Amerorealty
Added: Jul 2
Changed: Nov 7
Last Checked: Nov 8 at 2:57PM
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 U&R Real Estate
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 four-unit residential property in Biddeford contains 2,624 square feet and dates to 1900. Recent improvements have been completed, and two units are vacant, leaving a mix of occupied and unoccupied space for the next owner to manage.
The property is zoned RES APT 4 + and is located minutes from downtown Biddeford, with restaurants, breweries, shops, parks, and everyday amenities nearby.
The property is zoned RES APT 4 + and is located minutes from downtown Biddeford, with restaurants, breweries, shops, parks, and everyday amenities nearby.
Key Highlights
- Four residential units
- 2,624 square feet; built in 1900
- Two units are currently vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,420
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$888,400
$888.4K
Cap Rate 7%
$634,571
$634.6K
Cap Rate 9%
$493,556
$493.6K
Market Conditions
NOI Build-Up for 2,624 SF
Gross rent
$66.8K $25.44/SF
− Vacancy
−$3.3K −$1.26/SF
EGI
$63.5K $24.18/SF
− OpEx
−$19.0K −$7.25/SF
NOI
$44.4K $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%
$888,400
Cap Rate 7%
$634,571
Cap Rate 9%
$493,556
Alternative Uses
Best Use
Multifamily LT 5
$634.6K
$555.3K – $740.3K
NOI $44,420 @ 7.0% cap · market cap 7.47%
Second Best
Apartment 5plus
$579.3K
$506.9K – $675.9K
NOI $40,552 @ 7.0% cap · market cap 6.82%
Theoretical Best
Office A
$831.8K
$727.8K – $970.4K
NOI $58,226 @ 7.0% cap · market cap 9.79%
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
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,150
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?
Quadplex - Two vacant apartments provide flexibility for occupancy or rental placement.
Where is this quadplex located?
The property is located at 23 Green Street Biddeford, ME.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Four residential units; 2,624 square feet; built in 1900; Two units are currently vacant
