38-40 Middle ST Biddeford, ME 04005
2 Baths
2,166 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
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
Property Description
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.
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
Interior
Heating Baseboard, Hot Water, Zoned
Cooling None
Flooring Carpet, Laminate, Vinyl, Wood
Fireplace No
Window Features Storm Window(s)
Exterior
Utilities Available Utilities On
Roof Type Pitched,Shingle
Porch Glassed-in Porch, Porch-Screened
Garage No
Building
Lot Description Near Public Transit
Story 2
Entry Level Multi-Level
Water Public
Architectural Style New Englander
Schools
School District Biddeford Public Schools
Others
Tax ID BIDD-000039-000000-000180
