5-Unit Multifamily Investment
79 Hill Street Biddeford, ME 04005
New
For Sale
$925,000
MULTI_FAMILY - Biddeford, ME
Property Size5,524 SF
Lot Size0.14 Acres
Price / SF$167.45
Days on Market3
Property Features for 79 Hill Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bathrooms
5
Rooms
Bathroom 3, Bathroom 2, Bathroom 5, Bathroom 1, Bathroom 4
Parking features
None
Interior features
1st Floor Bedroom
Basement
Walk-Out Access, Unfinished, Crawl Space, Full
Standard status
Active
Size
5,524 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9560
Utilities
Sewer type
Public Sewer
Heating system
Other (Heating), Natural Gas
Water source
Public
Building Details
Year built
1900
Floors in Building
3
Number of units
5
Flooring type
Wood, Tile, Vinyl, Laminate
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Michael Hamilton · License #BA922188
(207) 570-8998
Added: Jul 27
Changed: Jul 28
Last Checked: Jul 29 at 7:06AM
MLS# 1673689
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.
Turnkey 5-unit multifamily property offering fully occupied tenancy and professionally analyzed operating information. The building provides spacious two-bedroom apartment layouts and is supported by public water and public sewer. The provided rent roll shows $8,995 per month in gross scheduled rent, totaling $107,940 annually, with an estimated NOI of approximately $85,429 that includes an 8% professional management allowance.
The property is located minutes from Main Street in downtown Biddeford, with convenient access mentioned for local restaurants, breweries, shopping, the Amtrak Downeaster, UNE, beaches, and the Biddeford RiverWalk.
The listing materials present a cap rate of approximately 9.24% and a 1.32 DSCR under conservative financing assumptions, positioning the asset as an income-focused investment with stable current cash flow based on the stated operating results.
The property is located minutes from Main Street in downtown Biddeford, with convenient access mentioned for local restaurants, breweries, shopping, the Amtrak Downeaster, UNE, beaches, and the Biddeford RiverWalk.
The listing materials present a cap rate of approximately 9.24% and a 1.32 DSCR under conservative financing assumptions, positioning the asset as an income-focused investment with stable current cash flow based on the stated operating results.
Key Highlights
- 5‑unit multifamily building producing $8,995/month ($107,940/year) in gross rental income
- Estimated NOI of $85,429 with an approximate 9.24% cap rate based on the provided operating numbers
- Public water and public sewer
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Turnkey, fully occupied 5-unit multifamily with two-bedroom units, public water and sewer, and documented monthly gross rent.
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: 5‑unit multifamily building producing $8,995/month ($107,940/year) in gross rental income; Estimated NOI of $85,429 with an approximate 9.24% cap rate based on the provided operating numbers; Public water and public sewer
