Renovated Duplex with B2
336-338 Alfred Street, Biddeford, ME 04005
For Sale
$425,000
Two vacant residences have separate utilities, individual off-street parking, and a shared backyard.
Property Size1,808 SF
Price / SF$235.07
Days on Market483
Property Features for 336-338 Alfred Street
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Maine Real Estate Co
(207) 292-1030
Listed By:
Bailey Pate · License ME DB927429
(207) 229-5449
Source:
Integrityhomesrealestategroup
Added: Jul 17, 2025
Changed: Nov 11
Last Checked: Nov 11 at 2:13AM
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 Maine Real Estate Co
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Investment Insights
Based on property information with market context.
This 1,808-square-foot duplex, built in 1900, contains two units with three bedrooms and one full bathroom apiece. Updates include a roof, porch, siding, flooring, appliances, bathrooms, plumbing, and electrical work. One kitchen has granite countertops and cabinets, and the property has a 200-amp electrical service. Both units are vacant, and each has separate utilities.
Zoned B2, the property is identified as suitable for residential, commercial, or mixed use. Off-street parking is available for each unit, with the spaces on opposite sides of the building. The property also includes backyard space.
Zoned B2, the property is identified as suitable for residential, commercial, or mixed use. Off-street parking is available for each unit, with the spaces on opposite sides of the building. The property also includes backyard space.
Key Highlights
- Two units, each with 3 bedrooms and 1 full bathroom
- 1,808 square feet; built in 1900
- B2 zoning; residential, commercial, or mixed use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,606
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$612,120
$612.1K
Cap Rate 7%
$437,229
$437.2K
Cap Rate 9%
$340,067
$340.1K
Market Conditions
NOI Build-Up for 1,808 SF
Gross rent
$46.0K $25.44/SF
− Vacancy
−$2.3K −$1.26/SF
EGI
$43.7K $24.18/SF
− OpEx
−$13.1K −$7.25/SF
NOI
$30.6K $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%
$612,120
Cap Rate 7%
$437,229
Cap Rate 9%
$340,067
Alternative Uses
Best Use
Multifamily LT 5
$437.2K
$382.6K – $510.1K
NOI $30,606 @ 7.0% cap · market cap 7.20%
Second Best
Apartment 5plus
$399.2K
$349.3K – $465.7K
NOI $27,941 @ 7.0% cap · market cap 6.57%
Theoretical Best
Office A
$573.1K
$501.5K – $668.7K
NOI $40,119 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
427
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
$351,700
Median Home Value
Market
Average Price Trend$/SF for Duplexes in York County, ME
Properties on Market for Duplexes in York County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two vacant residences have separate utilities, individual off-street parking, and a shared backyard.
Where is this duplex located?
The property is located at 336-338 Alfred Street Biddeford, ME.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 1 full bathroom; 1,808 square feet; built in 1900; B2 zoning; residential, commercial, or mixed use
