$795,000
Start Building Wealth with Just 3.5% Down! Perfect FHA-Friendly 4-Unit in Downtown Biddeford!! Ready to stop renting and start investing in your future? This is your chance to become a homeowner and landlord with as little as 3.5% down using FHA financing! Located just steps from the vibrant… Read More heart of downtown Biddeford, this 4-unit multifamily is the ultimate house-hack opportunity. Live in one unit and let the rent from the other three units help pay your mortgage, resulting in lower monthly costs and the ability to build equity from day one. Each unit offers easy layouts and strong existing tenancy, with room to boost income over time through updates and/or rent increases. Off-street parking adds convenience and extra value in a neighborhood where parking is a premium. Walk to top-rated restaurants, local breweries, cafés, shops, and the scenic Saco River. Biddeford is one of Maine's fastest-growing cities, regularly landing on national 'best places to live' lists thanks to its thriving downtown, coastal charm, and rising property values. Whether you're just getting started in real estate or looking for your first owner-occupied investment, this property checks all the boxes: low down payment, great location, strong rental income, and long-term upside. Opportunities like this don't last, so schedule your private showing today and take the first step toward financial freedom! Read Less
Courtesy of Spectrum Real Estate 207-805-3707
Listing Snapshot
Days Online
160
Last Updated
Full Baths
4
Square Ft.
4,100
Lot Size
0.07 Acres
Year Built
1925
MLS Number
1626879
30 Days Snapshot Of 04005
$728k
+54%
(avg) sold price
18
+28%
homes sold
33
+83%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: "Paved"
Basement
Basement: "Interior", "Partial", "Unfinished"
Building
Architectural Style: "Other", "Colonial", Building Area Total: 4,100, Construction Materials: "Vinyl Siding", "Wood Frame", Number Of Units Total: 4, Year Built: 1925, 3 stories, 3 total stories
Cooling
Cooling: "None"
Expenses
Operating Expense: $22,497
Exterior Features
Other Equipment: "Internet Access Available", "Cable"
Floors
Flooring: "Wood", "Vinyl", "Carpet"
Foundation
Foundation Details: "Granite"
Heating
Heating: "Zoned", "Hot Water", "Forced Air", "Baseboard", Heating Included
Income
Gross Income: $79,200
Interior Features
Features: "1st Floor Bedroom", "Bathtub", "Shower"
Lot
Features: "Level", "Sidewalks", "Intown", "Near Shopping", "Neighborhood", "Near Public Transit", "Near Railroad", 0.07 acres, Area: 0.07, 3,049 square feet
Parking
Features: "1 - 4 Spaces", "Paved", "Off Site", "On Site"
Pets Policy
Pets Allowed: "No Restrictions"
Property
Parcel Number: BIDD-000038-000000-000053, Zoning: MSRD2
Roof
Roof: "Composition", "Pitched", "Shingle"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $6,665, Tax Lot: 53
Utilities
Electric: "Circuit Breakers", Water Source: "Public"
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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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