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    Turnkey Investment Property in Biddeford

    4 Kossuth Street Biddeford, ME 04005

    4 Kossuth Street, Biddeford, ME, 04005
    $909,900
    For Sale
    Claim this Listing
    $909,900

    MULTI_FAMILY - Biddeford, ME

    Property Size4,129 SF
    Lot Size0.09 Acres
    Price / SF$220.37
    AddedApr 15
    Days on Market93
    Last RefreshJul 16 at 11:06 am

    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 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.

    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 (±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 Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Biddeford Chimney Sweepers General Contractor

    Suggested Use

    Computer & Electronic Repair Plumbing Service Carpet & Flooring Store Auto Parts Store (Bike/Boat/Book/etc) Store Home Appliance Store Veterinary Clinic Tanning Salon Tech Support Center (Bike/Boat/Book/etc) Store

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

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    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
    Contact an agent
    (207) 730-2476
    We can help!
    Contact an agent
    Danielle Lape
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