4-Unit Multifamily
31 Crescent Street, Biddeford, ME 04005
For Sale
$825,000
Corner-lot property includes off-street parking, a one-car garage, and updated interiors in three units.
Property Size3,704 SF
Price / SF$222.73
Days on Market96
Property Features for 31 Crescent Street
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Highway Access
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
1st Floor Bedroom
Bathtub
Storage
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
U&R Real Estate
(207) 835-0118
Listed By:
Amanda Wheeler
(207) 333-1050
Source:
Amerorealty
Added: Aug 6
Changed: Nov 7
Last Checked: Nov 8 at 4:11PM
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
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Investment Insights
Based on property information with market context.
This 3,704-square-foot, four-unit multifamily property was built in 1920 and is zoned MSRD2. Three units received updates in recent years. Improvements include a new roof, a high-efficiency natural gas boiler, four separate heat pump water heaters, and front and rear porches. The corner lot also provides off-street parking and a one-car garage.
Restaurants, breweries, coffee shops, retail, and entertainment are within easy walking distance of downtown Biddeford. The property also has quick access to the Turnpike, nearby beaches, and the Saco transportation center.
Restaurants, breweries, coffee shops, retail, and entertainment are within easy walking distance of downtown Biddeford. The property also has quick access to the Turnpike, nearby beaches, and the Saco transportation center.
Key Highlights
- Four‑unit property with 3,704 square feet of building area
- Built in 1920; zoned MSRD2
- Three units updated in recent years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,702
Cap Rate
7.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,254,040
$1.3M
Cap Rate 7%
$895,743
$895.7K
Cap Rate 9%
$696,689
$696.7K
Market Conditions
NOI Build-Up for 3,704 SF
Gross rent
$94.2K $25.44/SF
− Vacancy
−$4.7K −$1.26/SF
EGI
$89.6K $24.18/SF
− OpEx
−$26.9K −$7.25/SF
NOI
$62.7K $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%
$1,254,040
Cap Rate 7%
$895,743
Cap Rate 9%
$696,689
Alternative Uses
Best Use
Multifamily LT 5
$895.7K
$783.8K – $1.05M
NOI $62,702 @ 7.0% cap · market cap 7.60%
Second Best
Apartment 5plus
$817.8K
$715.5K – $954.1K
NOI $57,243 @ 7.0% cap · market cap 6.94%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,190 @ 7.0% cap · market cap 9.96%
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
Yes
Highway access
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
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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 - Corner-lot property includes off-street parking, a one-car garage, and updated interiors in three units.
Where is this quadplex located?
The property is located at 31 Crescent Street 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 property with 3,704 square feet of building area; Built in 1920; zoned MSRD2; Three units updated in recent years
