Three-Unit Residential Income
64 Bradbury Street Biddeford, ME 04005
64 Bradbury Street, Biddeford, ME, 04005
$675,000
Pending
For Sale
$675,000
Pending
Three-unit residential property with off-street parking, with each unit offering three bedrooms.
Property Size3,300 SF
Days on Market118
Property Features for 64 Bradbury Street
General Information
- Standard status
- Pending
- Size
- 3,300 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1900
Listing agency
Landing Real Estate
(207) 451-3607
Listed by
Tony Duong
(207) 451-3607
Source
Compass
Added: Mar 26 Updated: Jul 20 at 11:33PM Checked: Jul 21 at 6:52AM
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 Landing Real Estate
Investment Insights
Based on property information with market context.
This three-unit residential income property offers three-bedroom layouts in each unit, providing a consistent configuration across the building. The property includes valuable off-street parking, which supports everyday tenant convenience.
Located in the center of Biddeford’s downtown area, the property is described as being just moments from Main Street and provides easy access to major commuting routes.
With a three-unit setup and off-street parking on site, the building is positioned as a straightforward, multi-unit asset for an investor looking for residential income within an active downtown setting.
Located in the center of Biddeford’s downtown area, the property is described as being just moments from Main Street and provides easy access to major commuting routes.
With a three-unit setup and off-street parking on site, the building is positioned as a straightforward, multi-unit asset for an investor looking for residential income within an active downtown setting.
Key Highlights
- Three‑unit residential property, built in 1900, offering 3 bedrooms per unit
- Off‑street parking available for the property
- Heating includes zoned, hot water, and baseboard systems (heating is present)
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 | $84.0k | $25.44 |
| − Vacancy | −$4.1k | −$1.26 |
| EGI | $79.8k | $24.18 |
| − OpEx | −$23.9k | −$7.25 |
| NOI | $55.9k | $16.93 |
3,300 SF · lease $25.44/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$798.0K
$698.3K – $931.1K
NOI $55,863 @ 7.0% cap · market cap 8.28%
Second Best
Apartment 5plus
$728.6K
$637.5K – $850.0K
NOI $50,999 @ 7.0% cap · market cap 7.56%
Theoretical Best
Office A
$1.05M
$915.3K – $1.22M
NOI $73,226 @ 7.0% cap · market cap 10.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Factondemand
Department Store
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit residential property with off-street parking, with each unit offering three bedrooms.
Where is this triplex located?
The property is located at 64 Bradbury Street Biddeford, ME.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Three‑unit residential property, built in 1900, offering 3 bedrooms per unit; Off‑street parking available for the property; Heating includes zoned, hot water, and baseboard systems (heating is present)
