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Bought with Paulette Dickinson The Maine Real Estate Experience
$ 514,000
$ 499,000 3.0%
38-40 Middle ST Biddeford, ME 04005
2 Baths
2,166 SqFt
UPDATED:
Key Details
Sold Price $514,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,166 sqft
Price per Sqft $237
Subdivision Downtown Biddeford
MLS Listing ID 1660686
Full Baths 2
Year Built 1920
Tax Year 2026
Lot Size 6,534 Sqft
Property Description
Set on a sun-filled corner lot, this well-sited two-family offers off-street parking, a great yard, and an elevated position that brings in abundant natural light. Upper floors enjoy expansive views that could be further enhanced over time. Both units feature spacious layouts, large sun-filled rooms, inviting porches, and charming original details.
Most recently owner-occupied, rents are projected at $2,450 per unit, offering strong income potential. Tenants pay electricity, with the owner covering heat via an efficient boiler. The first-floor unit offers 2-3 bedrooms, while the second floor features a 2-bedroom layout. The property has been fully vacated, allowing for immediate occupancy and flexibility for an owner-occupant or investor.
The property works well as-is, while also offering tremendous upside potential for those with some energy and ambition. For additional value, the adjacent buildable lot is also available for $150,000.
Conveniently located near the University of New England, Amtrak service to Boston and beyond, and all that the Biddeford-Saco area has to offer, this is a compelling opportunity. Whether you're looking to break into the multifamily market or expand your portfolio, this is a high-quality asset in a location that continues to see strong demand.
Schedule your showing today and secure your place in one of Southern Maine's most desirable markets.
Location
State ME
County York
Community Downtown Biddeford
Zoning MSRD-2
Interior
Heating Oil, Baseboard, Hot Water, Zoned
Cooling None
Flooring Carpet, Laminate, Vinyl, Wood
Equipment Cable, Internet Access Available
Laundry Washer Hookup
Exterior
Parking Features Paved, 1 - 4 Spaces, On Site
Fence Fenced
Utilities Available Utilities On
Waterfront Description Nearby,Public
Roof Type Pitched,Shingle
Building
Lot Description Intown, Near Country Club, Near Golf Course, Near Public Beach, Near Shopping, Neighborhood, Near Railroad, Corner Lot, Level, Open Lot, Sidewalks, Near Public Transit
Story 2
Foundation Stone, Brick/Mortar
Water Public
Schools
School District Biddeford Public Schools
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