Two-Unit Residential Income
61 South Street Biddeford, ME 04005
New
61 South Street, Biddeford, ME, 04005
$459,000
For Sale
$459,000
MULTI_FAMILY - Colonial - Biddeford, ME
Property Size1,967 SF
Lot Size0.11 Acres
Price / SF$233.35
Days on Market1
Property Features for 61 South Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MSRD2
- Bathrooms
- 2
- Rooms
- Basement, Bathroom 1, Bathroom 2
- Basement
- Partial, Unfinished
- Standard status
- Active
- Size
- 1,967 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5214
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Natural Gas, Baseboard
- Water source
- Public
Building Details
- Year built
- 1920
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Colonial
Listing Agency
Vitalius Real Estate Group, LLC
(207) 541-3755
306 Congress Street, Suite 3, Portland, ME
Listed by
Briton Vitalius
(207) 541-3755
Added: Jul 17 Checked: Jul 17 at 3:06 pm
MLS# 1672348
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.
Investment Insights
Based on property information with market context.
This two-unit duplex includes a recently refreshed second-floor apartment with two bedrooms, two additional flexible bonus rooms (previously used as bedrooms), and one and a half baths. The first-floor unit is a four-bedroom, one-bath apartment currently occupied by a long-term tenant.
The property also features a single-car garage for parking or storage and a small yard suitable for outdoor space. Zoned MSRD2, it presents a straightforward two-residence configuration within Biddeford, ME.
With two distinct unit layouts, the building offers separate living spaces and an opportunity for an owner to either occupy one unit or manage both units as rental residences.
The property also features a single-car garage for parking or storage and a small yard suitable for outdoor space. Zoned MSRD2, it presents a straightforward two-residence configuration within Biddeford, ME.
With two distinct unit layouts, the building offers separate living spaces and an opportunity for an owner to either occupy one unit or manage both units as rental residences.
Key Highlights
- Two‑unit property with a second‑floor 2‑bedroom layout plus 1.5 baths and two flexible bonus rooms (previously used as bedrooms).
- First‑floor unit has 4 bedrooms and 1 bath and is occupied by a long‑term tenant.
- Second‑floor apartment is recently refreshed and described as move‑in ready.
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 | $50.0k | $25.44 |
| − Vacancy | −$2.5k | −$1.26 |
| EGI | $47.6k | $24.18 |
| − OpEx | −$14.3k | −$7.25 |
| NOI | $33.3k | $16.93 |
1,967 SF · lease $25.44/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$475.7K
$416.2K – $555.0K
NOI $33,298 @ 7.0% cap · market cap 7.25%
Second Best
Apartment 5plus
$434.3K
$380.0K – $506.7K
NOI $30,399 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$623.5K
$545.6K – $727.5K
NOI $43,647 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit duplex with a refreshed second-floor two-bedroom unit plus flexible bonus rooms and a long-term occupied first-floor four-bedroom unit.
Where is this duplex located?
The property is located at 61 South Street Biddeford, ME.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Two‑unit property with a second‑floor 2‑bedroom layout plus 1.5 baths and two flexible bonus rooms (previously used as bedrooms).; First‑floor unit has 4 bedrooms and 1 bath and is occupied by a long‑term tenant.; Second‑floor apartment is recently refreshed and described as move‑in ready.
