Downtown Multifamily with Expansion
330 Main Street Biddeford, ME 04005
330 Main Street, Biddeford, ME, 04005
$899,900
For Sale
$899,900
Six-unit downtown income property with 7 parking spaces and first-floor expansion space in place for a legal 7-unit setup.
Property Size5,069 SF
Price / SF$177.53
Days on Market46
Property Features for 330 Main Street
General Information
- Standard status
- Active
- Size
- 5,069 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1900
Listing Agency
Badger Peabody & Smith Realty
(603) 356-5757
Listed by
Tara Peirce
(603) 356-5757
Source
Threehillsres
Added: Jun 3 Checked: Jul 17 at 8:06 am
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 Badger Peabody & Smith Realty
Investment Insights
Based on property information with market context.
330 Main Street is a multifamily residential income property consisting of six units, with five of the units described as beautifully updated. The building also includes first-floor expansion space that is already in place, and the property is legally classified as a 7-unit. The listing notes long-term tenants in place.
The property is located in downtown Biddeford, with proximity to shops, restaurants, the riverwalk, and Amtrak, according to the public remarks. Access and convenience are supported by the inclusion of seven parking spaces on site.
This configuration can support owners seeking an income-producing multifamily with on-site parking and additional, existing first-floor space tied to the property’s legal 7-unit classification. For investors or owner-users, the combination of updated unit presentation, in-place expansion space, and tenant continuity may be especially relevant when evaluating a downtown residential building.
The property is located in downtown Biddeford, with proximity to shops, restaurants, the riverwalk, and Amtrak, according to the public remarks. Access and convenience are supported by the inclusion of seven parking spaces on site.
This configuration can support owners seeking an income-producing multifamily with on-site parking and additional, existing first-floor space tied to the property’s legal 7-unit classification. For investors or owner-users, the combination of updated unit presentation, in-place expansion space, and tenant continuity may be especially relevant when evaluating a downtown residential building.
Key Highlights
- Six‑unit downtown investment property with five updated units and market‑rate rents
- Legally classified as a 7‑unit with first‑floor expansion space already in place for a legal 7‑unit setup
- Includes 7 parking spaces
Local Financial Insights For Apartment 5plus
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 | $150.2k | $29.64 |
| − Vacancy | −$7.8k | −$1.54 |
| EGI | $142.4k | $28.10 |
| − OpEx | −$64.1k | −$12.64 |
| NOI | $78.3k | $15.45 |
5,069 SF · lease $29.64/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.12M
$979.2K – $1.31M
NOI $78,338 @ 7.0% cap · market cap 8.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.61M
$1.41M – $1.87M
NOI $112,479 @ 7.0% cap · market cap 12.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Six-unit downtown income property with 7 parking spaces and first-floor expansion space in place for a legal 7-unit setup.
Where is this apartment building located?
The property is located at 330 Main Street Biddeford, ME.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Six‑unit downtown investment property with five updated units and market‑rate rents; Legally classified as a 7‑unit with first‑floor expansion space already in place for a legal 7‑unit setup; Includes 7 parking spaces
