Three-Unit Apartment
9 Hazel Street, Biddeford, ME 04005
For Sale
$575,000
The property includes a three-bedroom first-floor residence and two townhouse-style units, each with two bedrooms and an office.
Property Size2,650 SF
Price / SF$216.98
Days on Market161
Property Features for 9 Hazel Street
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
rear sunporches
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Town & Shore Real Estate
(207) 773-0262
Listed By:
Jeffrey Davis · License ME #901562
(207) 233-9423
Source:
Integrityhomesrealestategroup
Added: Jun 4
Changed: Nov 11
Last Checked: Nov 11 at 2:24AM
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 Town & Shore Real Estate
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Investment Insights
Based on property information with market context.
This three-unit apartment building dates to 1900 and contains 2,650 square feet. Its layout pairs a first-floor residence with three bedrooms and two townhouse-style units, each offering two bedrooms and an office. Rear sunporches provide additional enclosed space. The exterior has been freshly painted, and the paved driveway is newer.
The property is at 9 Hazel Street in Biddeford, a short walk from downtown. On-site parking is provided in a sizable lot. The property is zoned MSRD2.
The property is at 9 Hazel Street in Biddeford, a short walk from downtown. On-site parking is provided in a sizable lot. The property is zoned MSRD2.
Key Highlights
- Three units in a 2,650‑square‑foot building
- First‑floor unit has three bedrooms
- Two townhouse‑style units, each with two bedrooms and an office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,860
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$897,200
$897.2K
Cap Rate 7%
$640,857
$640.9K
Cap Rate 9%
$498,444
$498.4K
Market Conditions
NOI Build-Up for 2,650 SF
Gross rent
$67.4K $25.44/SF
− Vacancy
−$3.3K −$1.26/SF
EGI
$64.1K $24.18/SF
− OpEx
−$19.2K −$7.25/SF
NOI
$44.9K $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 Rate 5%
$897,200
Cap Rate 7%
$640,857
Cap Rate 9%
$498,444
Alternative Uses
Best Use
Multifamily LT 5
$640.9K
$560.8K – $747.7K
NOI $44,860 @ 7.0% cap · market cap 7.80%
Second Best
Apartment 5plus
$585.1K
$511.9K – $682.6K
NOI $40,954 @ 7.0% cap · market cap 7.12%
Theoretical Best
Office A
$840.0K
$735.0K – $980.1K
NOI $58,803 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,154
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 Triplexes in York County, ME
Properties on Market for Triplexes in York County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The property includes a three-bedroom first-floor residence and two townhouse-style units, each with two bedrooms and an office.
Where is this triplex located?
The property is located at 9 Hazel Street Biddeford, ME.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Three units in a 2,650‑square‑foot building; First‑floor unit has three bedrooms; Two townhouse‑style units, each with two bedrooms and an office
