$1,595,000
$255K PRICE DROP

Estimated payment $9,898/month

Total Views 7,915
-- Bed
10 Baths
16,868 Sq Ft
$95 Price per Sq Ft

Highlights

  • The property is located in a historic district
  • Wood Flooring
  • No HOA
  • Property is near public transit
  • Corner Lot
  • 1-minute walk to Shevenell Park

About This Home

The iconic Wedge building anchoring downtown Biddeford, Maine is a perfect property for the discerning investor. Biddeford continues to rank as one of the best places to invest in Northern New England. The City's upward momentum is characterized by the lowest median age in the State which is matched by its entrepreneurial zeal and rapid development in every sector of the economy. With powerful economic drivers like the University of New England, relative affordability and unparalleled scenic beauty, Biddeford continues to outshine even more mature markets. This 16K square foot two-story building contains 6 residential units and 4 ground floor commercial spaces.

Last Listed By

Jed Rathband

Keller Williams Realty Listed on: 03/18/2025

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,204

Year Built

  • Built in 1890

Lot Details

  • 8,276 Sq Ft Lot
  • Corner Lot
  • Level Lot
  • Sprinkler System

Parking

  • No Driveway

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Brick Foundation
  • Wood Frame Construction
  • Membrane Roofing
  • Stucco

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

Basement

  • Walk-Out Basement
  • Partial Basement
  • Interior Basement Entry

Location

  • Property is near public transit
  • The property is located in a historic district
  • City Lot

Utilities

  • Cooling Available
  • Radiator
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Heat Pump System
  • Hot Water Heating System

Listing and Financial Details

  • Tax Lot 376
  • Assessor Parcel Number 156MainStreetBiddeford04005

Community Details

Overview

  • No Home Owners Association
  • 10 Units
  • Historic Subdivision

Pet Policy

  • Pet Size Limit

Building Details

  • Operating Expense $94,564
  • Gross Income $179,606

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,204

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.19
  • Road Surface Type: Paved
  • MLS Status: Active
  • Subdivision Name: Historic
  • Directions: GPS friendly.
  • Above Grade Finished Sq Ft: 12692.0
  • Architectural Style: Other
  • Garage Yn: No
  • Year Built: 1890
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.19
  • Property Information:Total Baths: 10.0
  • Property Information:SqFt Finished Above Grade: 12692.0
  • Property Information:SqFt Finished Below Grade: 4176.0
  • Property Information:Garage: No
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Heat System:Heat Pump: Yes
  • Heat Fuel:Electric: Yes
  • Cooling:Heat Pump3: Yes
  • Gas:Natural - On Site: Yes
  • Heat Fuel:Gas Natural: Yes
  • Floors:Laminate: Yes
  • Basement:Partial: Yes
  • Property Information:Number of Units: 10
  • Foundation Materials:BrickMortar2: Yes
  • Income Expenses Gross Income: 179606.0
  • Income Expenses Operating Expenses: 94564.0
  • Location:Historic District: Yes
  • Driveway:No Driveway: Yes
  • Parking:No Parking: Yes
  • Exterior:Brick: Yes
  • Heat System:Radiator: Yes
  • Roof:Membrane: Yes
  • Transportation:Public Transport Access: Yes
  • Misc Amenities Sprinkler: Yes
  • Roof:Flat: Yes
  • Restrictions:Pet Weight Limit: Yes
  • Exterior:Stucco: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Interior, Walk-Out Access, Partial
  • Full Bathrooms: 6
  • Half Bathrooms: 4
  • Below Grade Sq Ft: 4176.0
  • Flooring: Wood, Tile, Laminate, Composition, Carpet

Exterior Features

  • Lot Features: Corner Lot, Level, Sidewalks, Historic District, Intown, Near Turnpike/Interstate, Near Public Transit
  • Waterfront: No
  • Construction Type: Stucco, Other Exterior, Brick, Wood Frame
  • Foundation Details: Brick/Mortar
  • Roof: Flat, Membrane

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Parking, No Driveway

Utilities

  • Security: Sprinkler
  • Cooling: Wall/Window Unit(s), Heat Pump
  • Cooling Y N: Yes
  • Heating: Radiator, Hot Water, Heat Pump
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: Size Limit

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8276.4
  • Parcel #: 156MainStreetBiddeford04005
  • Zoning: MSRD1

Multi Family

  • Number Of Units Total: 10
  • Annual Gross Income: 179606.0
  • Annual Operating Expense: 94564.0

Tax Info

  • Tax Annual Amount: 17204.0
  • Tax Book Number: 18053
  • Tax Lot: 376
  • Tax Map Number: 38
  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2025 06/03/25 Price Changed $1,595,000 -5.9% $95 / Sq Ft
04/29/2025 04/29/25 Price Changed $1,695,000 -8.4% $100 / Sq Ft
03/18/2025 03/18/25 For Sale $1,850,000 -- $110 / Sq Ft
Source: Maine Listings

Source: Maine Listings

MLS Number: 1616421

Maine Listings