Turnkey Investment Property in
4 Kossuth Street Biddeford, ME 04005
4 Kossuth Street, Biddeford, ME, 04005
$909,900
For Sale
$909,900
MULTI_FAMILY - Biddeford, ME
Property Size4,129 SF
Lot Size0.09 Acres
Price / SF$220.37
Days on Market95
Property Features for 4 Kossuth Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MSRD2
- Bathrooms
- 5
- Rooms
- Basement, Bathroom 5, Bathroom 1, Bathroom 3, Bathroom 2, Bathroom 4
- Parking features
- On Street
- Basement
- Unfinished, Full
- 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
- Hot Water(Heating), Oil, Baseboard, Zoned
- 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
- Fiberglass, Composition
Listing Agency
Kre Brokerage Group
(207) 781-2958
1 River Oaks Way #1, Falmouth, ME
Listed by
Danielle Lape
(207) 730-2476
Added: Apr 15 Checked: Jul 18 at 3:06 am
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.
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 5‑unit investment property with Public Remarks stating it is 100% leased
- Downtown Biddeford location with Public Remarks noting it’s within walking distance to renovated mill buildings and revitalized downtown
- Wood frame clapboard construction with composition and fiberglass roof
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
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
NOI $91,621 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Biddeford Chimney Sweepers
General Contractor
Similar For Sale Nearby
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: 5‑unit investment property with Public Remarks stating it is 100% leased; Downtown Biddeford location with Public Remarks noting it’s within walking distance to renovated mill buildings and revitalized downtown; Wood frame clapboard construction with composition and fiberglass roof
