Biddeford
$499,000
38-40 Middle Street
mls: 1660686
Bathrooms: 2
Year Built: 1920
Sq Footage: 2,166
Lot Size: 0.15
Taxes: $5,117
Status: Active

Welcome to an ideal owner-occupied multifamily opportunity in the heart of Biddeford--one of Maine's most dynamic and rapidly evolving markets.

Listed by: Benchmark Real Estate

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.

Listed by: Benchmark Real Estate

Above Grade Finished Area
2166.00
Accessibility Features
Appliances
Architectural Style
New Englander
Basement
Doghouse
Bathrooms Full
2
Bathrooms Half
0
Bathrooms Total Integer
2
Below Grade Finished Area
0.00
Body Type
Building Area Total
2166.00
Construction Materials
Cooling
None
Electric
Circuit Breakers
Exterior Features
Fireplaces Total
0
Flooring
Carpet, Laminate, Vinyl, Wood
Foundation Details
Garage Spaces
0.00
Green Energy Efficient
Ceiling Fans
Heating
Baseboard, Hot Water, Zoned
Heating Yes/No
1
Interior Features
Laundry Features
Lot Features
Near Public Transit
Lot Size Acres
0.1500
Other Equipment
Other Structures
Parking Features
Patio And Porch Features
Glassed-in Porch, Porch-Screened
Pets Allowed
Property Condition
Roof
Pitched, Shingle
Sewer
Public Sewer
Tax Annual Amount
5117.00
Utilities
Utilities On
Water Source
Public
Year Built
1920
Zoning
MSRD-2