Downtown Biddeford Two-Unit
53 Pike Street Biddeford, ME 04005
New
For Sale
$379,000
MULTI_FAMILY - Other - Biddeford, ME
Property Size1,903 SF
Lot Size0.19 Acres
Price / SF$199.16
Days on Market3
Property Features for 53 Pike Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1, Basement
- Patio and Porch features
- Porch
- Basement
- Unfinished, Sump Pump, Dirt Floor, Full, Walk-Out Access
- Standard status
- Active
- Size
- 1,903 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4540
Utilities
- Sewer type
- Public Sewer
- Heating system
- Oil, Natural Gas, Hot Water(Heating), Baseboard
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Wood, Vinyl, Carpet
- Building materials
- Wood Frame, Asbestos
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency:
Vitalius Real Estate Group, LLC
(207) 541-3755
Listed By:
Jessica Wallimann
(207) 939-6832
Added: Jul 23
Last Checked: Jul 25 at 1:06AM
MLS# 1673171
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 downtown Biddeford two-unit duplex offers two separate 2-bedroom residences. Both units include in-unit laundry, and the property also provides off-street parking along with access to a shared yard for outdoor recreation.
The building is located at 53 Pike Street in Biddeford, within the R2 zoning district. Public remarks note the property could benefit from some TLC, making it well-suited for buyers looking to add value through updates.
With a functional two-family layout and practical on-site amenities, this is a straightforward income-oriented property for either investment use or owner-occupancy, subject to the buyer’s planned improvements.
The building is located at 53 Pike Street in Biddeford, within the R2 zoning district. Public remarks note the property could benefit from some TLC, making it well-suited for buyers looking to add value through updates.
With a functional two-family layout and practical on-site amenities, this is a straightforward income-oriented property for either investment use or owner-occupancy, subject to the buyer’s planned improvements.
Key Highlights
- Downtown Biddeford 2‑family home with 2‑bedroom units
- In‑unit laundry in each unit
- Off‑street parking and access to a yard
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 | $48.4k | $25.44 |
| − Vacancy | −$2.4k | −$1.26 |
| EGI | $46.0k | $24.18 |
| − OpEx | −$13.8k | −$7.25 |
| NOI | $32.2k | $16.93 |
1,903 SF · lease $25.44/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$460.2K
$402.7K – $536.9K
NOI $32,215 @ 7.0% cap · market cap 8.50%
Second Best
Apartment 5plus
$420.1K
$367.6K – $490.2K
NOI $29,410 @ 7.0% cap · market cap 7.76%
Theoretical Best
Office A
$603.2K
$527.8K – $703.8K
NOI $42,227 @ 7.0% cap · market cap 11.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two 2-bedroom units with in-unit laundry, off-street parking, and yard access, with room for updates.
Where is this duplex located?
The property is located at 53 Pike Street Biddeford, ME.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Downtown Biddeford 2‑family home with 2‑bedroom units; In‑unit laundry in each unit; Off‑street parking and access to a yard
