Five-Unit Apartment
For Sale
$894,900
4 Kossuth Street, Biddeford, ME 04005
Multi-Family, Biddeford, ME
Property Size4,129 SF
Lot Size0.09 Acres
Price / SF$216.74
Days on Market49
Property Features for 4 Kossuth Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MSRD2
Bathrooms
5
Full bathrooms
5
Rooms
Basement, Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 5, Bathroom 3
Parking features
On Street
Basement
Full, Unfinished
Lot features
Near Country Club, Open, Corner Lot, Level, Sidewalks, Intown, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/ Interstate, Near Town, Neighborhood, Near Public Transit, Near Railroad
Standard status
Active
Size
4,129 SF
Lot size
0.09 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
7096
Utilities
Sewer type
Public Sewer
Heating system
Zoned, Hot Water(Heating), Baseboard, Oil
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
Listed By:
Danielle Lape
(207) 730-2476
Added: Sep 14
Changed: Oct 27
Last Checked: Nov 1 at 7:06AM
MLS# 1640590
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.
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Investment Insights
Based on property information with market context.
Built in 1900, this 4,129-square-foot apartment property contains five units and is currently 100% leased. The wood-frame building features clapboard construction, carpet and vinyl flooring, and multiple updates and upgrades throughout. Heating is provided by zoned oil-fired hot-water baseboard systems, with public water and public sewer serving the property. A basement and five bathrooms are included, and parking is available on the street.
The property occupies 0.09 acres at 4 Kossuth Street in downtown Biddeford. Renovated mill buildings, restaurants, and bars are within walking distance, placing the building near the city’s revitalized downtown area. The property is zoned MSRD2.
The property occupies 0.09 acres at 4 Kossuth Street in downtown Biddeford. Renovated mill buildings, restaurants, and bars are within walking distance, placing the building near the city’s revitalized downtown area. The property is zoned MSRD2.
Key Highlights
- Five‑unit apartment property with 4,129 square feet
- 100% leased at the time of listing
- 0.09‑acre parcel at 4 Kossuth Street in Biddeford
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,811
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,276,220
$1.3M
Cap Rate 7%
$911,586
$911.6K
Cap Rate 9%
$709,011
$709.0K
Market Conditions
NOI Build-Up for 4,129 SF
Gross rent
$122.4K $29.64/SF
− Vacancy
−$6.4K −$1.54/SF
EGI
$116.0K $28.10/SF
− OpEx
−$52.2K −$12.64/SF
NOI
$63.8K $15.45/SF
Area
York County, ME
Vacancy
5.20%
Lease Rate
$29.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,276,220
Cap Rate 7%
$911,586
Cap Rate 9%
$709,011
Alternative Uses
Best Use
Apartment 5plus
$911.6K
$797.6K – $1.06M
NOI $63,811 @ 7.0% cap · market cap 7.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,621 @ 7.0% cap · market cap 10.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,150
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased residential property with multiple updates and a downtown Biddeford location near restaurants, bars, and renovated mill buildings.
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 $894,900.
What are key features of this property?
This property features: Five‑unit apartment property with 4,129 square feet; 100% leased at the time of listing; 0.09‑acre parcel at 4 Kossuth Street in Biddeford
