Cape-Style Duplex with In-Law
88-90 Old Pool Road, Biddeford, ME 04005
For Sale
$1,449,000
Multi-Family, Biddeford, ME
Property Size3,800 SF
Lot Size4.07 Acres
Price / SF$381.32
Days on Market126
Property Features for 88-90 Old Pool Road
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Pets allowed
Interior features
Basement
Lot features
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Additional Structures
Listing Agency:
Portside Real Estate Group
(207) 204-0465
Listed By:
Lisa Smith
(207) 400-7677
Added: Jul 9
Changed: Nov 2
Last Checked: Nov 11 at 2:06PM
MLS# 1661738
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.
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Investment Insights
Based on property information with market context.
Built in 1853, this 3,800-square-foot Cape-style duplex property occupies 4.07 acres with mature woods, a private pond, and open outdoor areas. The main residence includes four bedrooms, four baths, wood flooring, abundant natural light, and a first-floor bedroom. An attached legal in-law apartment adds separate living flexibility, while the property also includes a screened gazebo, porch, and deck.
The original barn provides an oversized garage and second-floor office space. A separate studio offers additional functional area for a workshop or events and may support conversion to a 1,500 SF accessory dwelling unit, subject to necessary approvals. Public water and septic service are in place, with open and off-street parking available.
The property is located one mile from Middle Beach and the University of New England, with access to Biddeford’s coastal and downtown areas. CR zoning is identified for the property.
The original barn provides an oversized garage and second-floor office space. A separate studio offers additional functional area for a workshop or events and may support conversion to a 1,500 SF accessory dwelling unit, subject to necessary approvals. Public water and septic service are in place, with open and off-street parking available.
The property is located one mile from Middle Beach and the University of New England, with access to Biddeford’s coastal and downtown areas. CR zoning is identified for the property.
Key Highlights
- 3,800‑square‑foot Cape‑style property built in 1853
- Attached legal in‑law apartment with first‑floor bedroom
- 4.07 acres with a private pond and mature woods
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,327
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,286,540
$1.3M
Cap Rate 7%
$918,957
$919.0K
Cap Rate 9%
$714,744
$714.7K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$96.7K $25.44/SF
− Vacancy
−$4.8K −$1.26/SF
EGI
$91.9K $24.18/SF
− OpEx
−$27.6K −$7.25/SF
NOI
$64.3K $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 Rate 5%
$1,286,540
Cap Rate 7%
$918,957
Cap Rate 9%
$714,744
Alternative Uses
Best Use
Multifamily LT 5
$919.0K
$804.1K – $1.07M
NOI $64,327 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$838.9K
$734.1K – $978.8K
NOI $58,726 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$1.20M
$1.05M – $1.41M
NOI $84,321 @ 7.0% cap · market cap 5.82%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
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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
$351,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in York County, ME
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Frequently Asked Questions
What type of property is this?
Duplex - Expanded Cape-style property with a legal in-law apartment, private pond, mature woods, and multiple outbuildings.
Where is this duplex located?
The property is located at 88-90 Old Pool Road Biddeford, ME.
What is the asking price?
The asking price for this property is $1,449,000.
What are key features of this property?
This property features: 3,800‑square‑foot Cape‑style property built in 1853; Attached legal in‑law apartment with first‑floor bedroom; 4.07 acres with a private pond and mature woods
