Three-Unit Income
50 Mason Street, Biddeford, ME 04005
Three fully rented units with updated roof and deck plus ample off-street parking for convenient tenant access.
Type:Multi-family
Property size:
2,766 SFPrice / SF:
$204/SF- Added:
- Apr 13, 2026
- Days on Market:
- 86
- Last Refresh:
- Jul 1 at 3:13 am
Property Features for 50 Mason Street
General Information
- Standard status
- Active
- Size
- 2,766 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1899
Listing office Greater Portland Realty
Listing date Apr 13, 2026
Source Profoundrealestate
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 Greater Portland Realty
HighLights
- Fully rented 3‑unit property with immediate income and future owner‑occupancy potential
- Unit mix includes a multi‑level 3‑bedroom, 1.5‑bath unit, a 2‑bedroom, 1‑bath unit, and a 1‑bedroom, 1‑bath unit
- Recent updates include a new roof and a new deck
- Ample off‑street parking with a six‑car lot
- Quiet dead‑end street location just minutes from downtown Biddeford
Overview
This three-unit triplex is fully rented and set up for straightforward residential income ownership. The unit mix includes a spacious multi-level 3-bedroom, 1.5-bath unit, a 2-bedroom, 1-bath unit, and a 1-bedroom, 1-bath unit. Recent updates include a new roof and a new deck, supporting a turn-key ownership experience.
The property is located on a quiet dead-end street, just minutes from downtown Biddeford. The setting provides easy access to local shops, restaurants, and everyday amenities, while the off-street parking layout includes a six-car lot to accommodate resident needs.
For tenants, the mix of bedroom sizes can fit a range of households within the same building, and the additional deck and updated roof help maintain day-to-day comfort. For owner-occupiers, the fully rented configuration also offers the option of future occupancy while continuing to generate rental income. With ample off-street parking and a clear three-unit layout, this is a practical residential investment opportunity or owner-occupancy path in Biddeford.
The property is located on a quiet dead-end street, just minutes from downtown Biddeford. The setting provides easy access to local shops, restaurants, and everyday amenities, while the off-street parking layout includes a six-car lot to accommodate resident needs.
For tenants, the mix of bedroom sizes can fit a range of households within the same building, and the additional deck and updated roof help maintain day-to-day comfort. For owner-occupiers, the fully rented configuration also offers the option of future occupancy while continuing to generate rental income. With ample off-street parking and a clear three-unit layout, this is a practical residential investment opportunity or owner-occupancy path in Biddeford.
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 | $70.4k | $25.44 |
| − Vacancy | −$3.5k | −$1.26 |
| EGI | $66.9k | $24.18 |
| − OpEx | −$20.1k | −$7.25 |
| NOI | $46.8k | $16.93 |
2,766 SF · lease $25.44/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$668.9K
$585.3K – $780.4K
NOI $46,824 @ 7.0% cap · market cap 8.27%
Second Best
Apartment 5plus
$610.7K
$534.3K – $712.5K
NOI $42,747 @ 7.0% cap · market cap 7.55%
Theoretical Best
Office A
$876.8K
$767.2K – $1.02M
NOI $61,377 @ 7.0% cap · market cap 10.85%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Biddeford
- County
- York
- State
- Maine
- Longitude
- -70.4645037
- Latitude
- 43.4920665
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Three fully rented units with updated roof and deck plus ample off-street parking for convenient tenant access.
Where is this triplex located?
The property is located at 50 Mason Street Biddeford, ME.
What is the asking price?
The asking price for this property is $565,900.
What are key features of this property?
This property features: Fully rented 3‑unit property with immediate income and future owner‑occupancy potential; Unit mix includes a multi‑level 3‑bedroom, 1.5‑bath unit, a 2‑bedroom, 1‑bath unit, and a 1‑bedroom, 1‑bath unit; Recent updates include a new roof and a new deck
