Updated Four-Unit Apartment
93 Summer Street, Biddeford, ME 04005
For Sale
New
$779,000
Multi-Family, Biddeford, ME
Property Size3,436 SF
Lot Size0.07 Acres
Price / SF$226.72
Days on Market4
Property Features for 93 Summer Street
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Interior features
Basement
Lot features
Standard status
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(207) 282-5988
Listed By:
Christopher Maksut
(207) 756-4334
Added: Nov 10
Last Checked: Nov 13 at 11:06PM
MLS# 1687356
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.
This 3,436-square-foot quadplex contains four units and was built in 1900. Interior work includes refreshed flooring, granite countertops, and new paint. A new roof and hot water heaters were installed in 2024, and the boiler was replaced in 2022.
The property is at 93 Summer Street in Biddeford, with downtown restaurants, shops, and local amenities nearby. It has public water and sewer, oil-fired zoned baseboard heat, and on-street parking. The building also features vinyl siding and a deck.
The property is at 93 Summer Street in Biddeford, with downtown restaurants, shops, and local amenities nearby. It has public water and sewer, oil-fired zoned baseboard heat, and on-street parking. The building also features vinyl siding and a deck.
Key Highlights
- Four‑unit property with 3,436 square feet of building area
- New roof and hot water heaters installed in 2024
- Boiler replaced in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,166
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,163,320
$1.2M
Cap Rate 7%
$830,943
$830.9K
Cap Rate 9%
$646,289
$646.3K
Market Conditions
NOI Build-Up for 3,436 SF
Gross rent
$87.4K $25.44/SF
− Vacancy
−$4.3K −$1.26/SF
EGI
$83.1K $24.18/SF
− OpEx
−$24.9K −$7.25/SF
NOI
$58.2K $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%
$1,163,320
Cap Rate 7%
$830,943
Cap Rate 9%
$646,289
Alternative Uses
Best Use
Multifamily LT 5
$830.9K
$727.1K – $969.4K
NOI $58,166 @ 7.0% cap · market cap 7.47%
Second Best
Apartment 5plus
$758.6K
$663.8K – $885.0K
NOI $53,101 @ 7.0% cap · market cap 6.82%
Theoretical Best
Office A
$1.09M
$953.1K – $1.27M
NOI $76,244 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,180
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Recent roof, hot water, and boiler work complements refreshed interior finishes.
Where is this quadplex located?
The property is located at 93 Summer Street Biddeford, ME.
What is the asking price?
The asking price for this property is $779,000.
What are key features of this property?
This property features: Four‑unit property with 3,436 square feet of building area; New roof and hot water heaters installed in 2024; Boiler replaced in 2022
