Waterfront Estate with Multiple
475-477 South Street Biddeford, ME 04005
475-477 South Street, Biddeford, ME, 04005
$1,995,000
For Sale
$1,995,000
A private waterfront estate with a Maine farmhouse, additional cottage and in-law apartment, and extensive storage outbuildings.
Property Size3,554 SF
Lot Size20.00 Acres
Price / SF$561.34
Days on Market54
Property Features for 475-477 South Street
General Information
- Standard status
- Active
- Size
- 3,554 SF
- Lot size
- 20.00 Acres
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing Agency
F.O. Bailey Real Estate
Listed by
Thomas Gadbois
(603) 433-3350
Source
Greatislandrealty
Added: May 24 Checked: Jul 16 at 1:20 pm
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of F.O. Bailey Real Estate
Investment Insights
Based on property information with market context.
Welcome to 475-477 South Street, a private 20-acre waterfront estate in Biddeford, Maine. The centerpiece is a classic 5-bedroom, 3-bath Maine farmhouse overlooking a tranquil pond, with an in-ground pool and pool house for outdoor entertaining. The property also borders approximately 300 acres of conservation land, offering privacy and a countryside feel.
The estate includes multiple additional structures and living spaces, including a 3-car garage and an oversized 2+ car garage with finished space above. A separate 3-bedroom, 1-bath cottage has its own address, and a 2-bedroom, 1-bath in-law apartment includes storage below. Car and hobby enthusiasts will appreciate a 6,800± square-foot storage garage, along with a fenced animal barn for potential small-farm or hobby use.
Water access is a key feature, with approximately 287 feet of frontage on Swans Pond Brook and the ability to boat to the scenic Saco River. The property is described as being minutes from downtown Biddeford and close to Kennebunk and Kennebunkport, with approximately 20 minutes to Portland and about 90 minutes to Boston.
The estate includes multiple additional structures and living spaces, including a 3-car garage and an oversized 2+ car garage with finished space above. A separate 3-bedroom, 1-bath cottage has its own address, and a 2-bedroom, 1-bath in-law apartment includes storage below. Car and hobby enthusiasts will appreciate a 6,800± square-foot storage garage, along with a fenced animal barn for potential small-farm or hobby use.
Water access is a key feature, with approximately 287 feet of frontage on Swans Pond Brook and the ability to boat to the scenic Saco River. The property is described as being minutes from downtown Biddeford and close to Kennebunk and Kennebunkport, with approximately 20 minutes to Portland and about 90 minutes to Boston.
Key Highlights
- 20‑acre private estate in Biddeford, ME with classic 5‑bedroom, 3‑bath Maine farmhouse built in 1900
- Farmhouse overlooks a tranquil pond and includes an in‑ground pool and pool house
- Additional living options: separate 3‑bedroom, 1‑bath cottage with its own address plus a 2‑bedroom, 1‑bath in‑law apartment with storage below
Local Financial Insights For Multifamily LT 5
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 | $90.4k | $25.44 |
| − Vacancy | −$4.5k | −$1.26 |
| EGI | $85.9k | $24.18 |
| − OpEx | −$25.8k | −$7.25 |
| NOI | $60.2k | $16.93 |
3,554 SF · lease $25.44/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$859.5K
$752.0K – $1.00M
NOI $60,163 @ 7.0% cap · market cap 3.02%
Second Best
Apartment 5plus
$784.6K
$686.6K – $915.4K
NOI $54,925 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$1.13M
$985.8K – $1.31M
NOI $78,862 @ 7.0% cap · market cap 3.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - A private waterfront estate with a Maine farmhouse, additional cottage and in-law apartment, and extensive storage outbuildings.
Where is this triplex located?
The property is located at 475-477 South Street Biddeford, ME.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 20‑acre private estate in Biddeford, ME with classic 5‑bedroom, 3‑bath Maine farmhouse built in 1900; Farmhouse overlooks a tranquil pond and includes an in‑ground pool and pool house; Additional living options: separate 3‑bedroom, 1‑bath cottage with its own address plus a 2‑bedroom, 1‑bath in‑law apartment with storage below
