Five-Unit Apartment
For Sale
$925,000
79 Hill Street, Biddeford, ME 04005
Fully occupied downtown Biddeford apartment building with two-bedroom layouts and public water and sewer.
Property Size5,524 SF
Price / SF$167.45
Days on Market8
Property Features for 79 Hill Street
General Information
Standard status
Active
Size
5,524 SF
Property subtype
Multi-family
Occupancy
100%
Net Operating Income
$85,429
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
5 x 2BR
Multifamily Units
5
Additional Details
Gross Income
$107,940
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Keller Williams Realty
Listed By:
Michael Hamilton
(603) 433-3350
Source:
Greatislandrealty
Added: Jul 25
Changed: Jul 31
Last Checked: Aug 1 at 3:15AM
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.
79 Hill Street is a turnkey, fully occupied five-unit apartment building. The property features spacious two-bedroom layouts across the units, and it is presented with professionally analyzed operating numbers. Public water and public sewer support day-to-day operations. Built in 1900, the building totals 5,524 SF.
The property is positioned in the heart of downtown Biddeford, with residents benefiting from proximity to Main Street and nearby dining, shopping, and entertainment options. The surrounding area also includes access to the Amtrak Downeaster, UNE, beaches, and the Biddeford RiverWalk.
The stated operating results reference an 8% professional management allowance, with a 9.24% cap rate and a 1.32 DSCR under conservative financing assumptions. The current configuration supports immediate cash flow while offering potential for future rent growth.
The property is positioned in the heart of downtown Biddeford, with residents benefiting from proximity to Main Street and nearby dining, shopping, and entertainment options. The surrounding area also includes access to the Amtrak Downeaster, UNE, beaches, and the Biddeford RiverWalk.
The stated operating results reference an 8% professional management allowance, with a 9.24% cap rate and a 1.32 DSCR under conservative financing assumptions. The current configuration supports immediate cash flow while offering potential for future rent growth.
Key Highlights
- Turnkey, fully occupied five‑unit apartment building
- Two‑bedroom layouts across the units
- Public water and public sewer
Property Analytics
Current Use
Lease Details
5
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,356
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?
Apartment building - Fully occupied downtown Biddeford apartment building with two-bedroom layouts and public water and sewer.
Where is this apartment building located?
The property is located at 79 Hill Street Biddeford, ME.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Turnkey, fully occupied five‑unit apartment building; Two‑bedroom layouts across the units; Public water and public sewer
