Townhouse-Style Duplex with 3-Car
For Sale
$440,000
64-66 W Cutts Street, Biddeford, ME 04005
Rare duplex near downtown Biddeford, ideal for owner-occupants or investors.
Property Size2,016 SF
Price / SF$218.25
Days on Market172
Property Features for 64-66 W Cutts Street
General Information
Standard status
Active
Size
2,016 SF
Property subtype
Multi-Family
Amenities
Propane
Direct Vent Heater
Shingle
Building Details
Year Built
1900
Stories
2
Listed By:
Chris Lavoie · License #BR913432
(207) 939-4806
Source:
Kw
Added: May 19
Changed: Nov 5
Last Checked: Nov 4 at 3:28PM
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 Chris Lavoie
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Investment Insights
Based on property information with market context.
This side-by-side townhouse-style duplex offers an exceptional investment and owner-occupancy opportunity. The property functions like two independent single-family homes, with each unit featuring its own private access point. This layout is well-suited for an owner-occupant looking to have their tenant pay the mortgage, or an investor seeking a high-demand, low-turnover property. A detached 3-car garage provides significant garage space, a rare feature for properties close to downtown. The garage offers potential for use as a workshop, hobby space, vehicle storage, or storage rental for passive income. Located within walking distance to downtown Biddeford, the property is near a vibrant area recognized for its dining and culture. The property size is 2016 square feet.
Key Highlights
- Lives like two independent single‑family homes with private entrances, ideal for owner‑occupancy or investment.
- Rare 3‑car detached garage offers workshop potential, vehicle storage, or rental income opportunity.
- Walking distance to downtown Biddeford, recognized as one of 'America's Next Great Food Cities'.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,127
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$682,540
$682.5K
Cap Rate 7%
$487,529
$487.5K
Cap Rate 9%
$379,189
$379.2K
Market Conditions
NOI Build-Up for 2,016 SF
Gross rent
$51.3K $25.44/SF
− Vacancy
−$2.5K −$1.26/SF
EGI
$48.8K $24.18/SF
− OpEx
−$14.6K −$7.25/SF
NOI
$34.1K $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%
$682,540
Cap Rate 7%
$487,529
Cap Rate 9%
$379,189
Alternative Uses
Best Use
Multifamily LT 5
$487.5K
$426.6K – $568.8K
NOI $34,127 @ 7.0% cap · market cap 7.76%
Second Best
Apartment 5plus
$445.1K
$389.5K – $519.3K
NOI $31,156 @ 7.0% cap · market cap 7.08%
Theoretical Best
Office A
$639.1K
$559.2K – $745.6K
NOI $44,734 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
888
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
$351,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Rare duplex near downtown Biddeford, ideal for owner-occupants or investors.
Where is this duplex located?
The property is located at 64-66 W Cutts Street Biddeford, ME.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Lives like two independent single‑family homes with private entrances, ideal for owner‑occupancy or investment.; Rare 3‑car detached garage offers workshop potential, vehicle storage, or rental income opportunity.; Walking distance to downtown Biddeford, recognized as one of 'America's Next Great Food Cities'.
