Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Turnkey Investment Property in Biddeford Title is generated by Realmo AI

    4 Kossuth Street, Biddeford, ME 04005

    View on Map
    Claim this Listing
    For Sale
    $909,900

    MULTI_FAMILY - Biddeford, ME

    Property size:
    4,129 SF
    Lot size:
    0.09 Acres
    Price / SF:
    $220/SF
    Added:
    Apr 15, 2026
    Days on Market:
    49
    Last Refresh:
    Jun 2 at 4:06 pm

    Property Features for 4 Kossuth Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    MSRD2
    Bathrooms
    5
    Rooms
    Bathroom 1, Bathroom 5, Bathroom 2, Bathroom 3, Bathroom 4, Basement
    Parking features
    On Street
    Basement
    Full, Unfinished
    Standard status
    Active
    Size
    4,129 SF
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    7096

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Zoned, Oil, Baseboard, Hot Water(Heating)
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    3
    Number of units
    5
    Flooring type
    Carpet, Vinyl
    Building materials
    Wood Frame, Clapboard
    Roof type
    Composition, Fiberglass

    We can help!

    Listing Contact
    Danielle Lape

    Listing agent Danielle Lape

    Listing office Kre Brokerage Group 1 River Oaks Way #1, Falmouth, ME

    Listing date Apr 15, 2026

    MLS# 1640590 Listing URL

    Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turnkey 5‑unit investment property, 100% leased.
    • Located in the heart of downtown Biddeford, near renovated mill buildings and trendy restaurants/bars.
    • Solid construction with many updates/upgrades throughout.
    • Great income with upside potential (financials available with NDA).
    • Zoned baseboard hot water heating.
    • Public water and sewer.

    Overview

    This is a solid, turnkey investment property featuring five units, currently 100% leased. The property has undergone numerous updates and upgrades. Situated in the heart of downtown Biddeford, it is within walking distance of renovated mill buildings and the revitalized downtown area, which includes trendy restaurants and bars. The property offers great income with potential for further upside. The lot size is 0.09 acres and the property size is 4,129 square feet. The zoning is MSRD2.

    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 $122.4k $29.64
    − Vacancy −$6.4k −$1.54
    EGI $116.0k $28.10
    − OpEx −$52.2k −$12.64
    NOI $63.8k $15.45
    4,129 SF · lease $29.64/SF/yr · vacancy 5.20% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $911.6K
    $797.6K – $1.06M (±1% cap)
    NOI $63,811 @ 7.0% cap · market cap 7.01%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.31M
    $1.15M – $1.53M (±1% cap)
    NOI $91,621 @ 7.0% cap · market cap 10.07%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Biddeford Chimney Sweepers General Contractor

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Biddeford
    County
    York
    State
    Maine
    Longitude
    -70.459213
    Latitude
    43.49355

    Nearby Similar for Sale

    • $1,150,000
      3,935 SF

      Biddeford Restaurant Opportunity on Saco

      Free-standing restaurant on Spring Island with high traffic visibility.
      11 Elm Street, Biddeford, ME 04005
      View Details
    • $1,200,000
      4,911 SF

      Versatile Multifamily Property in Biddeford

      Three smart-enabled buildings on over an acre near downtown.
      6 Proctor Road, Biddeford, ME 04005
      View Details
    • $2,295,000
      11,374 SF

      Mixed-Use Property with Heated Warehouse

      High-performing mixed-use property with residential units and a warehouse.
      276 Hill Street, Biddeford, ME 04005
      View Details
    • $2,750,000
      8,808 SF

      Multifamily Investment Opportunity in Biddeford

      Ten-unit multifamily property with development potential in Biddeford, Maine.
      79 W Cutts Street, Biddeford, ME 04005
      View Details
    • $1,200,000
      4,911 SF

      Mixed-Use Commercial Opportunity in Biddeford

      Three buildings on 1+ acre with high-income potential.
      6 Proctor Road, Biddeford, ME 04005
      View Details
    • $2,750,000
      8,808 SF

      Biddeford Multifamily Investment Opportunity

      Ten units with development potential in Biddeford, Maine.
      79 W Cutts Street, Biddeford, ME 04005
      View Details
    • $525,000
      2,957 SF

      Updated Three-Unit Building in Biddeford

      Well-maintained, updated 3-unit building with strong rental potential.
      84 Pike Street, Biddeford, ME 04005
      View Details
    • $899,900
      5,069 SF

      Updated Multifamily Investment Property

      High-performing investment property with expansion potential in downtown Biddeford.
      330 Main Street, Biddeford, ME 04005
      View Details
    • $1,549,000
      3,800 SF

      Coastal Farmhouse with In-Law Apartment

      Charming 4-bed farmhouse on 4.07 acres near the beach.
      88-90 Old Pool Road, Biddeford, ME 04005
      View Details
    • $749,000
      3,880 SF

      Biddeford Four-Unit Multifamily Property

      Four-unit property in downtown Biddeford with value-add potential.
      36 Bradbury Street, Biddeford, ME 04005
      View Details
    • $899,900
      5,069 SF

      Downtown Investment Property in Biddeford

      High-performing, updated six-unit property with expansion potential in downtown Biddeford.
      330 Main Street, Biddeford, ME 04005
      View Details
    • $895,000
      5,060 SF

      Biddeford Victorian Multifamily Investment

      Updated 6-unit building with expansion potential in Biddeford, Maine.
      175 Alfred Street, Biddeford, ME 04005
      View Details

    FAQs

    What type of property is this?
    Apartment building - Five-unit property in downtown Biddeford, fully leased with upside.
    Where is this apartment building located?
    The property is located at 4 Kossuth Street Biddeford, ME.
    What is the asking price?
    The asking price for this property is $909,900.
    What are key features of this property?
    This property features: Turnkey 5‑unit investment property, 100% leased.; Located in the heart of downtown Biddeford, near renovated mill buildings and trendy restaurants/bars.; Solid construction with many updates/upgrades throughout.
    (207) 730-2476
    We can help!
    Listing Contact
    Danielle Lape
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4 Kossuth Street, Biddeford, ME 04005
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!