Five-Unit Apartment
For Sale
$904,900
4 Kossuth Street, Biddeford, ME 04005
Multi-Family, Biddeford, ME
Property Size4,129 SF
Lot Size0.09 Acres
Price / SF$219.16
Days on Market55
Property Features for 4 Kossuth Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MSRD2
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 5, Bathroom 4, Basement, Bathroom 3, Bathroom 1, Bathroom 2
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
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
7096
Utilities
Sewer type
Public Sewer
Heating system
Zoned, Baseboard, Oil, 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
Listing Agency:
Kre Brokerage Group
(207) 781-2958
Listed By:
Danielle Lape
(207) 730-2476
Added: Jul 7
Changed: Aug 27
Last Checked: Aug 30 at 8:06PM
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.
Investment Insights
Based on property information with market context.
This 4,129-square-foot apartment property contains five units and was built in 1900. The building features wood-frame and clapboard construction, vinyl and carpet flooring, five bathrooms, and a basement. Zoned MSRD2, the property has received multiple updates and upgrades and is currently 100% leased.
Located at 4 Kossuth Street in downtown Biddeford, the property is within walking distance of renovated mill buildings and the revitalized downtown area. Public water and public sewer serve the building. Heating is provided through zoned oil-fired hot-water baseboard systems, while parking is available on the street. The 0.09-acre site also includes a fiberglass and composition roof.
Located at 4 Kossuth Street in downtown Biddeford, the property is within walking distance of renovated mill buildings and the revitalized downtown area. Public water and public sewer serve the building. Heating is provided through zoned oil-fired hot-water baseboard systems, while parking is available on the street. The 0.09-acre site also includes a fiberglass and composition roof.
Key Highlights
- Five‑unit apartment property with 4,129 square feet
- 100% leased occupancy
- MSRD2 zoning on a 0.09‑acre site
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$63,811
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 7.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,621 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased multifamily property with updated interiors in downtown Biddeford.
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 $904,900.
What are key features of this property?
This property features: Five‑unit apartment property with 4,129 square feet; 100% leased occupancy; MSRD2 zoning on a 0.09‑acre site
