Townhouse-Style Duplex with 3-Car
64-66 West Cutts Street Biddeford, ME 04005
64-66 West Cutts Street, Biddeford, ME, 04005
$439,900
For Sale
$439,900
Rare duplex near downtown Biddeford, ideal for owner-occupants or investors.
Property Size2,016 SF
Price / SF$218.20
Days on Market60
Property Features for 64-66 West Cutts Street
General Information
- Standard status
- Active
- Size
- 2,016 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1900
Listing Agency
Keller Williams Realty
(207) 553-2604
Listed by
Christopher Lavoie
(207) 553-2604
Source
Compass
Added: May 19 Checked: Jul 15 at 10:44 pm
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 Keller Williams Realty
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'.
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 | $51.3k | $25.44 |
| − Vacancy | −$2.5k | −$1.26 |
| EGI | $48.8k | $24.18 |
| − OpEx | −$14.6k | −$7.25 |
| NOI | $34.1k | $16.93 |
2,016 SF · lease $25.44/SF/yr · vacancy 4.94% · expense 30.00%
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 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 - Rare duplex near downtown Biddeford, ideal for owner-occupants or investors.
Where is this duplex located?
The property is located at 64-66 West Cutts Street Biddeford, ME.
What is the asking price?
The asking price for this property is $439,900.
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'.
