Updated Triplex with Four Garage
For Sale
$695,000
4 Highland Street, Biddeford, ME 04005
The largest apartment will be vacant at closing, while improvements extend across all three units.
Property Size3,018 SF
Price / SF$230.28
Days on Market163
Property Features for 4 Highland Street
General Information
Standard status
Active
Size
3,018 SF
Total Parking Spaces
4
Property subtype
Multi Family Home
Zoning
R1B
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,331
Building Details
Building Size
3,018 SF
Year Built
1900
Stories
2
Units
3
Listing Agency:
On Point Realty
Listed By:
Tasha Massey
(207) 754-5058
Source:
Amerorealty
Added: May 14
Changed: Oct 22
Last Checked: Oct 22 at 2:35PM
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 On Point Realty
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Investment Insights
Based on property information with market context.
This 3,018-square-foot triplex, built in 1900, has three units and four garage bays. The largest unit is scheduled to be vacant at closing. Interior work includes refinished hardwood floors, remodeled kitchens and bathrooms, fresh paint, updated lighting, and built-in storage. A heat pump and water heaters were installed in 2025. Exterior work includes fresh paint and updated landscaping with garden additions.
The property is at 4 Highland Street in Biddeford, minutes from downtown restaurants and shops, as well as nearby beaches. Zoning is R1B.
The property is at 4 Highland Street in Biddeford, minutes from downtown restaurants and shops, as well as nearby beaches. Zoning is R1B.
Key Highlights
- Three‑unit residential property with four garage bays
- Largest unit to be vacant at closing
- 3,018 square feet; built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,090
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,021,800
$1.0M
Cap Rate 7%
$729,857
$729.9K
Cap Rate 9%
$567,667
$567.7K
Market Conditions
NOI Build-Up for 3,018 SF
Gross rent
$76.8K $25.44/SF
− Vacancy
−$3.8K −$1.26/SF
EGI
$73.0K $24.18/SF
− OpEx
−$21.9K −$7.25/SF
NOI
$51.1K $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%
$1,021,800
Cap Rate 7%
$729,857
Cap Rate 9%
$567,667
Alternative Uses
Best Use
Multifamily LT 5
$729.9K
$638.6K – $851.5K
NOI $51,090 @ 7.0% cap · market cap 7.35%
Second Best
Apartment 5plus
$666.3K
$583.0K – $777.4K
NOI $46,641 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$956.7K
$837.1K – $1.12M
NOI $66,968 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
178
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The largest apartment will be vacant at closing, while improvements extend across all three units.
Where is this triplex located?
The property is located at 4 Highland Street Biddeford, ME.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Three‑unit residential property with four garage bays; Largest unit to be vacant at closing; 3,018 square feet; built in 1900
