$375,000
Investor-ready and ideally located, 59 Washington Street is a well-maintained two-unit multifamily property offering excellent income potential in one of Southern Maine's fastest-growing cities. Situated in a highly desirable neighborhood just off of Main Street, this property boasts strong long-term rental history, and low operating expenses—making it an ideal addition… Read More to any investment portfolio or a perfect owner-occupied opportunity. Each unit features efficient layouts, updated systems, and separate utilities for tenant convenience and landlord efficiency. With minimal overhead and consistent cash flow, this property delivers impressive returns for such a compact property. Off-street parking, a walkable location, and proximity to downtown shops, restaurants, breweries, and the Saco River enhance tenant appeal and long-term value. Biddeford continues to attract attention for its revitalized mill district and thriving local economy—making this a smart buy in a market with strong upward momentum. A prior owner had plans approved in 2006 with the city to add a third story. A copy is available. Seller is a Maine real estate licensee. This property is zoned MSRD-1 and has commercial applications as well. Check with the city for potential uses. Read Less
Courtesy of EXP Realty 888-439-8743
Listing Snapshot
Days Online
29
Last Updated
Full Baths
2
Square Ft.
896
Lot Size
0.02 Acres
Year Built
1920
MLS Number
1626391
30 Days Snapshot Of 04005
$633k
-4%
(avg) sold price
26
-23%
homes sold
17
+13%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: "Paved"
Basement
Basement: "Dirt Floor", "Crawl Space", "Sump Pump", "Doghouse"
Building
Architectural Style: "Other", Building Area Total: 896, Construction Materials: "Vinyl Siding", "Wood Frame", Number Of Units Total: 2, Year Built: 1920
Cooling
Cooling: "None"
Expenses
Operating Expense: $5,954
Fence
Fencing: "Fenced"
Floors
Flooring: "Laminate"
Foundation
Foundation Details: "Granite", "Brick/Mortar"
Heating
Heating: "Direct Vent Heater", Heating Included
Income
Gross Income: $36,000
Interior Features
Features: "Bathtub"
Laundry
Features: "Washer Hookup"
Lot
Features: "Level", "Sidewalks", "Intown", "Near Shopping", 0.02 acres, Area: 0.02, 871 square feet
Parking
Features: "No Parking", "No Driveway"
Property
Parcel Number: BIDD-000038-000000-000356-000001, Zoning: MSRD1
Roof
Roof: "Flat"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $2,193, Tax Lot: 356-1
Utilities
Electric: "Circuit Breakers", Water Source: "Public"
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Listing Information © Maine Real Estate Information System, Inc. All Rights Reserved.
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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