2-Unit Duplex with Private
58 Granite Street, Biddeford, ME 04005
For Sale
$525,000
Both residences offer two bedrooms, one bathroom, basement storage, and off-street parking.
Property Size1,560 SF
Price / SF$336.54
Days on Market142
Property Features for 58 Granite Street
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
off-street parking
basement storage
private backyard
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Town & Shore Real Estate
(207) 773-0262
Listed By:
Jacqueline Nedwell
(207) 400-6989
Source:
Integrityhomesrealestategroup
Added: Jun 23
Changed: Nov 11
Last Checked: Nov 11 at 2:15AM
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 Town & Shore Real Estate
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Investment Insights
Based on property information with market context.
This 1,560-square-foot duplex, built in 1940, contains two residences, each with two bedrooms, one bathroom, living space, and a functional layout. Basement storage, off-street parking, and a private backyard serve the property. Zoning is R2.
The property is in Biddeford, minutes from downtown restaurants, breweries, and shops, as well as schools and the University of New England. Major commuter routes are also described as nearby.
The property is in Biddeford, minutes from downtown restaurants, breweries, and shops, as well as schools and the University of New England. Major commuter routes are also described as nearby.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,560 square feet; built in 1940
- R2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,408
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$528,160
$528.2K
Cap Rate 7%
$377,257
$377.3K
Cap Rate 9%
$293,422
$293.4K
Market Conditions
NOI Build-Up for 1,560 SF
Gross rent
$39.7K $25.44/SF
− Vacancy
−$2.0K −$1.26/SF
EGI
$37.7K $24.18/SF
− OpEx
−$11.3K −$7.25/SF
NOI
$26.4K $16.93/SF
Area
York County, ME
Vacancy
4.94%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$528,160
Cap Rate 7%
$377,257
Cap Rate 9%
$293,422
Alternative Uses
Best Use
Multifamily LT 5
$377.3K
$330.1K – $440.1K
NOI $26,408 @ 7.0% cap · market cap 5.03%
Second Best
Apartment 5plus
$344.4K
$301.4K – $401.8K
NOI $24,109 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$494.5K
$432.7K – $576.9K
NOI $34,616 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
323
Businesses Nearby
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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
$351,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in York County, ME
Properties on Market for Duplexes in York County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer two bedrooms, one bathroom, basement storage, and off-street parking.
Where is this duplex located?
The property is located at 58 Granite Street Biddeford, ME.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,560 square feet; built in 1940; R2 zoning
