79 Hill St, Biddeford, ME

Name: 79 Hill St, For Sale in Biddeford - eXp Realty
Brand: Keller Williams Realty
SKU: 1673689
Price: 925000 USD

House

For Sale

Listed price in listed location currency (USD).

$925,000

050

MLS® 1673689

Key Facts
Description
Map

Key Facts

Type

Levels Residential Income

Size 5524 sqft

Garage

Taxes $9,560

Days Active 2

Lot Size 0.14 Acres

Approx. Age 1900

Avg. Price Per Sqft $167

MLS® Number 1673689

Property Address: 79 Hill St, Biddeford, ME, 04005-3459

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

Description

Turnkey 5-Unit Investment with Strong Cash Flow in One of Southern Maine's Fastest-Growing Markets An outstanding opportunity to acquire a fully occupied 5-unit multifamily property in the heart of downtown Biddeford. Producing $8, 995 per month ($107, 940 annually) in gross rental income, this property offers investors immediate cash flow with a projected NOI of approximately $85, 400, including an 8% professional management allowance, and an attractive 9.2% cap rate at the current asking price. Each apartment offers spacious two-bedroom layouts that continue to see strong rental demand in Biddeford's thriving housing market. Public water and sewer, low owner-paid utility expenses, and professionally analyzed operating numbers make this an ideal addition to any investment portfolio. Located just minutes from Main Street, residents enjoy easy access to restaurants, breweries, shopping, the Amtrak Downeaster, UNE, beaches, and the Biddeford RiverWalk. With continued redevelopment and investment throughout downtown, Biddeford remains one of Maine's strongest rental markets. Investment Highlights - Five-unit multifamily building - Current monthly rent roll: $8, 995 - Annual gross scheduled rent: $107, 940 - Estimated NOI: $85, 429 - Approximate 9.24% cap rate - Strong 1.32 DSCR under conservative financing assumptions - Public water & public sewer - Excellent long-term investment in a high-demand rental location - Opportunity for future rent growth while benefiting from immediate income Whether you're completing a 1031 exchange, expanding an existing portfolio, or entering Southern Maine's multifamily market, 79 Hill Street delivers the combination of stable income, attractive returns, and long-term appreciation potential that investors are searching for.

MLS® Number1673689

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1900

BasementExterior Entry, Interior Entry, Walk-Out Access, Crawl Space, Full, Unfinished

Driveway

Garage Spaces

HeatGas Bottled, Radiator

A/C

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jul 27, 2026List Date

$925,000List Price

Commute

Commute

Starting Address

Destination Address

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