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Listed price in listed location currency (USD).
$499,000

020

MLS® 1660686

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size 2166 sqft
Garage No
HOA Fees 
Taxes $5,117
Days Active 2
Approx. Age 1920
Avg. Price Per Sqft $230
MLS® Number 1660686

Property Address: 38-40 Middle Street, Biddeford, ME, 04005

Average square foot calculated using Size range provided by listing agent.

Description

Welcome to an ideal owner-occupied multifamily opportunity in the heart of Biddeford--one of Maine's most dynamic and rapidly evolving markets. This isn't an 'up-and-coming' location--it's already here. Vibrant, walkable, and full of energy, Biddeford offers an exceptional lifestyle with restaurants, brew pubs, coffee shops, and everyday conveniences just a short distance away. 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.
MLS® Number1660686
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1920
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 5, 2026List Date
$499,000List Price
  • Commute

Commute

Starting Address
Destination Address
38-40 Middle Street, Biddeford, ME

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