$2,300,000
SOLD MAY 1, 2023

159 Elm St Biddeford, ME 04005

Downtown Biddeford Neighborhood
-- Bed
17 Baths
11,650 Sq Ft
10,019 Sq Ft Lot

Recently Sold

$197 Per Sq Ft

10% Below List Price

10 Days on Market

Highlights

  • Colonial Architecture
  • Hot Water Heating System
  • Level Lot
  • No HOA
  • 5 Car Garage
  • Community Storage Space

About This Home

As of May 2023

Turn key 16 unit mixed use building located in the heart of Biddeford which is one of Maine's fastest growing cities! This building offers (7) - 1 bedrooms, (7) - 2 Bedrooms, (1) -3 bedroom + (1) leased commercial garage space & office + 9 +/- parking spaces. All units have been updated including new flooring, granite, paint, bathrooms, + Wi-Fi camera/surveillance & fire suppression system! Please don't miss the opportunity to own an easy to manage building close to everything!

Last Agent to Sell the Property

Thomas Gadbois

F.O. Bailey Real Estate

Last Buyer's Agent

Chris Sullivan

Vitalius Real Estate Group, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,052

Year Built

  • Built in 1900

Lot Details

  • 10,019 Sq Ft Lot
  • Level Lot
  • Open Lot

Parking

  • 5 Car Garage
  • Driveway
  • Off-Street Parking

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Shingle Roof
  • Composition Roof
  • Fiberglass Roof
  • Masonry

Interior Spaces

  • 11,650 Sq Ft Home
  • 2-Story Property
  • Carpet
  • Unfinished Basement

Location

  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 145
  • Assessor Parcel Number BIDD-000038-000000-000145

Community Details

Overview

  • No Home Owners Association
  • 16 Units
  • The community has rules related to deed restrictions

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $91,672
  • Gross Income $272,364

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,052

Year Built

Built in 1900

Lot Details

0

Parking

5

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.23
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: GPS
  • Above Grade Finished Sq Ft: 11650.0
  • Architectural Style: Colonial, Multi-Level, Other Style
  • Garage Yn: Yes
  • Building Stories: 2
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.23
  • Property Information:Total Baths: 17.0
  • Property Information:SqFt Finished Above Grade: 11650.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Roof:Shingle: Yes
  • Heat System:Hot Water: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Water Heater:Gas: Yes
  • Amenities:Storage: Yes
  • Property Information:Garage Spaces: 5.0
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Roof:Composition2: Yes
  • Property Information:Number of Units: 16
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 272364.0
  • Income Expenses Operating Expenses: 91672.0
  • Style:Multi-Level: Yes
  • Style:Colonial: Yes
  • Property Information:Deed Restrictions: Yes
  • Exterior:Brick: Yes
  • Roof:Fiberglass: Yes
  • Building Info:_pound_ Floors3: 2
  • Construction:Masonry: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Not Applicable, Unfinished
  • Full Bathrooms: 15
  • Half Bathrooms: 2
  • Fireplace: No
  • Flooring: Carpet
  • Interior Amenities: Other, Storage
  • Stories: 2

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Intown, Near Shopping, Neighborhood
  • Waterfront: No
  • Construction Type: Brick, Masonry
  • Roof: Composition, Fiberglass, Shingle

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 5.0
  • Parking Features: 5 - 10 Spaces, Paved, Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 10018.8
  • Parcel #: BIDD-000038-000000-000145
  • Zoning: MSRD1

Multi Family

  • Number Of Units Total: 16
  • Annual Gross Income: 272364.0
  • Annual Operating Expense: 91672.0

Tax Info

  • Tax Annual Amount: 16052.0
  • Tax Book Number: 18590
  • Tax Lot: 145
  • Tax Map Number: 38
  • Tax Year: 2022

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
05/01/2023 05/01/23 Sold $2,300,000 -10.2% $197 / Sq Ft
02/27/2023 02/27/23 Pending -- -- --
02/17/2023 02/17/23 For Sale $2,560,000 +176.8% $220 / Sq Ft
02/02/2018 02/02/18 Sold $925,000 -16.3% $86 / Sq Ft
11/29/2017 11/29/17 Pending -- -- --
06/22/2017 06/22/17 For Sale $1,105,000 -- $102 / Sq Ft
Source: Maine Listings

Source: Maine Listings

MLS Number: 1552583

Maine Listings

Maine York County Biddeford 04005 Downtown Biddeford

159 Elm St, Biddeford, ME

Homes for Sale in Biddeford, ME

This home is located at 159 Elm St, Biddeford, ME 04005 and is currently priced at $2,300,000, approximately $197 per square foot. This property was built in 1900. 159 Elm St is a home located in York County with nearby schools including John F Kennedy Memorial School, Biddeford Primary School, and Biddeford Intermediate School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Maine Listings Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.

Homes.com, LLC, 17600 Laguna Canyon Rd Irvine, CA 92618 (888)-952-6393