Triplex with Recent
New
For Sale
$625,000
71 Green Street, Biddeford, ME 04005
Multi-Family, Biddeford, ME
Property Size2,768 SF
Lot Size0.14 Acres
Price / SF$225.79
Days on Market4
Property Features for 71 Green Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MSRD2
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bathroom 1, Bathroom 3, Bathroom 2
Patio and Porch features
Porch, Deck
Interior features
1st Floor Bedroom, Bathtub, Storage
Fencing
Fenced
Basement
Unfinished, Full
Lot features
Level, Sidewalks, Intown, Neighborhood
Standard status
Active
Size
2,768 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5528
Utilities
Sewer type
Public Sewer
Heating system
Zoned, Baseboard, Hot Water(Heating), Oil
Cooling system
Window Unit(s)
Water source
Public
Amenities
laundry in 3 bedroom units
decks
yard space
Building Details
Year built
1900
Floors in Building
3
Number of units
3
Flooring type
Wood, Vinyl
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Keller Williams Coastal and Lakes & Mountains Realty · Keller Williams Realty
(207) 475-0999
Listed By:
Troy Williams
(207) 475-0999
Added: Aug 19
Changed: Aug 20
Last Checked: Aug 22 at 6:06AM
MLS# 1676936
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 three-unit residential property provides two three-bedroom apartments and one one-bedroom apartment within 2768 square feet. Laundry is provided in both three-bedroom units, while the property also includes storage, a basement, wood and vinyl flooring, and a combination of porches and decks. Recent work includes a shingle roof installed in 2024, updated electrical service, and a replacement sewer line. The building uses zoned oil-fired hot-water baseboard heat and window-unit cooling, with public water and public sewer service.
Located at 71 Green Street in Biddeford, Maine, the property sits on 0.14 acres and includes fenced yard space and off-street parking. The building dates to 1900 and is classified under zoning designation MSRD2. Interior features include a first-floor bedroom and multiple bathrooms.
Located at 71 Green Street in Biddeford, Maine, the property sits on 0.14 acres and includes fenced yard space and off-street parking. The building dates to 1900 and is classified under zoning designation MSRD2. Interior features include a first-floor bedroom and multiple bathrooms.
Key Highlights
- Two three‑bedroom units and one one‑bedroom unit
- 2768 square feet on 0.14 acres
- New roof installed in 2024, plus updated electrical and a new sewer line
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,857
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$937,140
$937.1K
Cap Rate 7%
$669,386
$669.4K
Cap Rate 9%
$520,633
$520.6K
Market Conditions
NOI Build-Up for 2,768 SF
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.
Gross rent
$70.4K $25.44/SF
− Vacancy
−$3.5K −$1.26/SF
EGI
$66.9K $24.18/SF
− OpEx
−$20.1K −$7.25/SF
NOI
$46.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$937,140
Cap Rate 7%
$669,386
Cap Rate 9%
$520,633
Alternative Uses
Best Use
Multifamily LT 5
$669.4K
$585.7K – $781.0K
NOI $46,857 @ 7.0% cap · market cap 7.50%
Second Best
Apartment 5plus
$611.1K
$534.7K – $713.0K
NOI $42,777 @ 7.0% cap · market cap 6.84%
Theoretical Best
Office A
$877.4K
$767.8K – $1.02M
NOI $61,421 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,206
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with varied layouts, individual laundry in two units, outdoor areas, and off-street parking.
Where is this triplex located?
The property is located at 71 Green Street Biddeford, ME.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two three‑bedroom units and one one‑bedroom unit; 2768 square feet on 0.14 acres; New roof installed in 2024, plus updated electrical and a new sewer line
