Updated Two-Unit
374-376 Alfred Street Biddeford, ME 04005
For Sale
$460,000
Pending
Two-unit duplex with windows replaced about four years ago and vinyl siding installed about one year ago.
Property Size1,500 SF
Days on Market292
Property Features for 374-376 Alfred Street
General Information
- Standard status
- Pending
- Size
- 1,500 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1940
Listing Agency:
EXP Realty
(207) 282-5000
Listed By:
Sandra O'Connor
(207) 282-5000
Source:
Compass
Added: Oct 6, 2025
Changed: Jul 21
Last Checked: Jul 23 at 6:45AM
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 EXP Realty
Investment Insights
Based on property information with market context.
This two-unit duplex at 374-376 Alfred Street offers a straightforward income-producing layout with visible exterior improvements. The property has new windows that were replaced approximately four years ago. Exterior cladding was updated as well, with old clapboards removed and replaced by vinyl siding installed about one year ago.
The home is located in Biddeford, ME. Its two separate units make it well suited for buyers seeking a duplex configuration with recent exterior upgrades.
Additional details about interior finishes, unit layouts, or current occupancy are not provided in the listing information.
The home is located in Biddeford, ME. Its two separate units make it well suited for buyers seeking a duplex configuration with recent exterior upgrades.
Additional details about interior finishes, unit layouts, or current occupancy are not provided in the listing information.
Key Highlights
- 1940 two‑unit duplex (2 total bathrooms)
- Windows were replaced about 4 years ago
- Vinyl siding was installed about 1 year ago (old clapboards removed and replaced)
Financial Insights For Multifamily LT 5
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 | $38.2k | $25.44 |
| − Vacancy | −$1.9k | −$1.26 |
| EGI | $36.3k | $24.18 |
| − OpEx | −$10.9k | −$7.25 |
| NOI | $25.4k | $16.93 |
1,500 SF · lease $25.44/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$362.7K
$317.4K – $423.2K
NOI $25,392 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$331.2K
$289.8K – $386.4K
NOI $23,181 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$475.5K
$416.1K – $554.7K
NOI $33,284 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-unit duplex with windows replaced about four years ago and vinyl siding installed about one year ago.
Where is this duplex located?
The property is located at 374-376 Alfred Street Biddeford, ME.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: 1940 two‑unit duplex (2 total bathrooms); Windows were replaced about 4 years ago; Vinyl siding was installed about 1 year ago (old clapboards removed and replaced)
