Multi-Family $ 499,000

38-40 Middle ST

Biddeford, ME 04005

  • 2 Baths
    Full Baths: 2
  • 2,166 SqFt
  • 6,534 Lot Size
  • 1920 Year Built
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

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Listing Status Pending

    Purchase Type For Sale

    Square Footage 2, 166 sqft

    Price per Sqft $230

    Subdivision Downtown Biddeford

    MLS Listing ID 1660686

    Full Baths 2

    HOA Y/N No

    Year Built 1920

    Tax Year 2026

    Lot Size 6,534 Sqft

    Acres 0.15

    Source Maine Listings

    Land Area 2166

  • Location

    State ME

    County York

    Community Downtown Biddeford

    Zoning MSRD-2

    Direction Located in downtown Biddeford on the corner of Middle and Acorn Streets, just minutes from I-95 (Exit 32) and easily accessible via Main Street.

  • Rooms

    Basement Doghouse, Walk-Out Access, Full, Sump Pump, Unfinished

  • Building

    Lot Description Intown, Near Country Club, Near Golf Course, Near Public Beach, Neighborhood, Near Railroad, Corner Lot, Level, Open Lot, Sidewalks, Near Public Transit

    Story 2

    Entry Level Multi-Level

    Foundation Stone, Brick/Mortar

    Water Public

    Architectural Style New Englander

  • Interior

    Interior Features 1st Floor Bedroom, Bathtub, One-Floor Living, Other, Pantry, Shower, Storage, Walk-In Closet(s)

    Heating Oil, Baseboard, Hot Water, Zoned

    Cooling None

    Flooring Carpet, Laminate, Vinyl, Wood

    Fireplace No

    Window Features Storm Window(s)

    Laundry Washer Hookup

  • Exterior

    Parking Features Paved, 1 - 4 Spaces, On Site

    Fence Fenced

    Utilities Available Utilities On

    Roof Type Pitched,Shingle

    Porch Glassed-in Porch, Porch-Screened

    Garage No

  • Schools

    School District Biddeford Public Schools

  • Others

    Tax ID BIDD-000039-000000-000180

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