Three-Building Multifamily
6 Proctor Road, Biddeford, ME 04005
MULTI_FAMILY - Cottage, Contemporary, Colonial - Biddeford, ME
Property size:
4,911 SFLot size:
1.10 AcresPrice / SF:
$234/SF- Added:
- Jun 14, 2026
- Days on Market:
- 8
- Last Refresh:
- Jun 21 at 3:06 pm
Property Features for 6 Proctor Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RF
- Bathrooms
- 4
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
- Parking features
- Open, Heated
- Security features
- Security System
- Patio and Porch features
- Deck
- Interior features
- Other Amenities, Walk-in Closets, Attic, Bathtub, Shower, Primary Bedroom w/Bath
- Basement
- Unfinished, Full
- Standard status
- Active
- Size
- 4,911 SF
- Lot size
- 1.10 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 8199
Utilities
- Sewer type
- Private Sewer, Septic Tank
- Heating system
- Heat Pump (Heating), Natural Gas, Electric (Heating), Zoned, Forced Air, Propane (Heating), Radiant
- Cooling system
- Heat Pump
- Water source
- Well, Private
Building Details
- Year built
- 1941
- Number of units
- 3
- Flooring type
- Tile, Wood, Plank, Laminate, Carpet, Vinyl
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Metal, Shingle, Membrane
- Architectural style
- Contemporary, Colonial, Cottage
- Additional Structures
- Other
Listing agent John Krouse (207) 929-0956
Listing office EXP Realty 41 Hutchins Drive Building 3, Rangeley, ME (888) 439-8743
Listing date Jun 14, 2026
MLS# 1643996
Listing URL
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.
HighLights
- Current cap rate of 13.52%
- Three separate smart‑enabled buildings on more than 1 acre for multigenerational living, rentals, or flexible investment use
- Main home has 3 bedrooms plus an in‑law suite with its own kitchen and radiant floor heating in key areas
- Two laundry rooms, custom tiled bathrooms, and a Viessmann heating system
- Newer metal roof and a 20KW whole‑house generator; second detached building has its own 10KW generator
- Separate electric meters, well and private sewer (private sewer/septic tank), and a newer leach field installed in 2021
Overview
This three-building multifamily property is set up for flexible occupancy, with app-controlled smart features connecting all structures. The main home includes three bedrooms plus an in-law suite with its own kitchen, radiant floor heating in key areas, two laundry rooms, custom tiled bathrooms, a Viessmann heating system, and a newer metal roof. A 20KW whole-house generator serves the main residence, and wall-mounted TVs are included. The second detached building provides a full bath and two ductless mini-splits, includes networking capabilities, has its own 10KW generator, and was structurally designed for a future second story. The turnkey cottage offers an open floor plan, washer/dryer, a mounted TV, Bose surround sound, and a dedicated 10KW generator.
The property sits on 1.1 acres and features separate electric meters and in-ground propane tanks with remote monitoring, along with paved parking. A newer leach field was installed in 2021. The listing notes RF zoning and a convenient location near downtown Biddeford, University of New England, beaches, restaurants, and I-95.
For buyers and operators, the layout supports multigenerational use as well as rental and short-term rental options, with each building independently metered and generator-equipped. The smart technology package covers app-based control of lights, locks, cameras, thermostats, and alarms, providing centralized management across the three structures.
The property sits on 1.1 acres and features separate electric meters and in-ground propane tanks with remote monitoring, along with paved parking. A newer leach field was installed in 2021. The listing notes RF zoning and a convenient location near downtown Biddeford, University of New England, beaches, restaurants, and I-95.
For buyers and operators, the layout supports multigenerational use as well as rental and short-term rental options, with each building independently metered and generator-equipped. The smart technology package covers app-based control of lights, locks, cameras, thermostats, and alarms, providing centralized management across the three structures.
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 | $124.9k | $25.44 |
| − Vacancy | −$6.2k | −$1.26 |
| EGI | $118.8k | $24.18 |
| − OpEx | −$35.6k | −$7.25 |
| NOI | $83.1k | $16.93 |
4,911 SF · lease $25.44/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.19M
$1.04M – $1.39M
NOI $83,135 @ 7.0% cap · market cap 7.23%
Second Best
Apartment 5plus
$1.08M
$948.7K – $1.26M
NOI $75,896 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $108,973 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Biddeford
- County
- York
- State
- Maine
- Longitude
- -70.439964
- Latitude
- 43.447083
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Three smart-enabled buildings with separate utilities and generator backup support flexible long- or short-term tenancy under RF zoning.
Where is this triplex located?
The property is located at 6 Proctor Road Biddeford, ME.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Current cap rate of 13.52%; Three separate smart‑enabled buildings on more than 1 acre for multigenerational living, rentals, or flexible investment use; Main home has 3 bedrooms plus an in‑law suite with its own kitchen and radiant floor heating in key areas
