$625,000
SOLD JUL 3, 2025
-- Bed
3 Baths
2,753 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$227 Per Sq Ft

6% Above List Price

17 Days on Market

Highlights

  • Nearby Water Access
  • Public Beach
  • Wood Flooring
  • Saco Middle School Rated A-
  • Property is near public transit
  • New Englander Architecture

About This Home

As of July 2025

FANTASTIC INVESTMENT OPPORTUNITY.
Two Unit New Englander in Prime Saco Location - FHA Compliant!

UPADTED classic New Englander tucked away on a quiet dead-end street in the heart of downtown Saco. This 2-unit property has new electrical panels, new roof in 2023, remodeled third floor bathroom and kitchenette, 3 electric meters. Compliant with FHA loan requirements.

Unit 1, located on the first floor, It features a spacious open-concept kitchen with an adjoining dining or multipurpose room, a cozy living room, two comfortable bedrooms with high ceilings, and a full bath complete with a large closet with a washer and dryer.

Unit 2, spans the second and third floors with a fully-applianced kitchen, dedicated laundry room with washer and dryer, full bath, living room, dining rom and two bedrooms. Upstairs, you'll find a third bedroom, living room, kitchenette and full bathroom. Attached to the 2nd and 3rd floor is an untapped EXPANSION opportunity! Unfinished space with ample storage and a staircase to between the second and third floors could easily be transformed into additional living space on each.

Outside, plenty of off-street parking with two driveways and a carport tucked at the rear of the property.

Located within walking distance to downtown Saco, a thriving local scene filled with craft breweries, restaurants, shops, and art galleries. Nature lovers will appreciate the proximity to Ferry Beach, Saco Heath Preserve, Cascade Falls Trails, and the Eastern Trail System, offering year-round recreation. The historic Biddeford Mills District is also just minutes away, featuring innovation hubs, markets, and cultural events.

This is more than just a multi-unit—it's a FANTASTIC INVESTMENT OPPORTUNITY!

Last Agent to Sell the Property

Michelle Libby

Century 21 North East Listed on: 04/06/2025

Century 21 North East

Last Buyer's Agent

Lauren Jones

F.O. Bailey Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,272

Year Built

  • Built in 1875

Lot Details

  • 8,712 Sq Ft Lot
  • Public Beach
  • Street terminates at a dead end
  • Level Lot
  • Open Lot

Home Design

  • New Englander Architecture
  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Clap Board Siding
  • Vinyl Siding
  • Clapboard

Interior Spaces

  • 3 Full Bathrooms
  • 2,753 Sq Ft Home
  • 3-Story Property
  • Laundry on main level

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Unfinished Basement

  • Brick Basement
  • Exterior Basement Entry
  • Sump Pump
  • Crawl Space

Parking

  • Carport
  • Driveway
  • Paved Parking

Outdoor Features

  • Nearby Water Access

Location

  • Property is near public transit
  • City Lot

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Natural Gas Not Available
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 261
  • Assessor Parcel Number SACO-000038-000261

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $10,500
  • Gross Income $63,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,272

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 2753.0
  • Architectural Style: Other, New Englander
  • Garage Yn: No
  • Unit Levels: Multi-Level
  • Building Stories: 3
  • Year Built: 1875
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.2
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2753.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Amenities:Storage: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat Fuel:Electric: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:BrickMortar2: Yes
  • Exterior:Clapboard: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 63000.0
  • Income Expenses Operating Expenses: 10500.0
  • Parking:On Site2: Yes
  • Location:Near Public Beach: Yes
  • Basement:Crawl Space: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Recreational Water:Nearby: Yes
  • Basement:BrickMortar: Yes
  • Roads:Dead End: Yes
  • Basement:Sump Pump: Yes
  • Foundation Materials:Granite2: Yes
  • Location:Near Railroad: Yes
  • Basement Entry:Exterior Only: Yes
  • Style:New Englander: Yes
  • Vehicle Storage:Carport: Yes
  • Transportation:Public Transport Access: Yes
  • Transportation:Rail Available: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Levels:Multi-Level3: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Brick/Mortar, Crawl Space, Sump Pump, Exterior Only, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Vinyl, Tile, Carpet
  • Interior Amenities: Storage

Exterior Features

  • Lot Features: Open, Level, Sidewalks, Intown, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Neighborhood, Near Public Transit, Near Railroad
  • Waterfront: No
  • Construction Type: Vinyl Siding, Clapboard, Wood Frame
  • Foundation Details: Granite, Brick/Mortar
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Paved, On Site, Carport

Utilities

  • Laundry Features: Laundry - 1st Floor, Upper Level, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Other Heat System, Forced Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Saco Public Schools

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8712.0
  • Parcel #: SACO-000038-000261
  • Zoning: R3

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 63000.0
  • Annual Operating Expense: 10500.0

Tax Info

  • Tax Annual Amount: 5272.0
  • Tax Book Number: 19309
  • Tax Lot: 261
  • Tax Map Number: 038
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2025
Closed on
Jun 24, 2025
Sold by
Latulippe Maria and Mcallister Daniel
Bought by
Do Ly P and Ng Isaac K
Seller's Agent
Michelle Libby
Century 21 North East
Buyer's Agent
Lauren Jones
F.O. Bailey Real Estate
List Price
$590,000
Sold Price
$625,000
Premium/Discount to List
$35,000
5.93%
Views
34

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-39.97%
Original Mortgage
$529,312
Outstanding Balance
$528,862
Interest Rate
6.81%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$50,078

Purchase Details

Listed on
Aug 17, 2023
Closed on
Sep 8, 2023
Sold by
Syverson Daniel L
Bought by
Latulippe Maria and Mcallister Daniel
Seller's Agent
Kathy Gallant
Gallant Real Estate
Buyer's Agent
April Cohen
Duston Leddy Real Estate
List Price
$480,000
Sold Price
$500,000
Premium/Discount to List
$20,000
4.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.04%
Original Mortgage
$375,000
Interest Rate
6.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Apr 20, 2014
Closed on
Apr 15, 2015
Sold by
Seamans Tyler D
Bought by
Syverson Daniel L
Seller's Agent
John Zappia
Maine Custom Realty
Buyer's Agent
Kathleen Gallant
RE/MAX Riverside
List Price
$239,900
Sold Price
$190,000
Premium/Discount to List
-$49,900
-20.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.19%
Original Mortgage
$186,568
Interest Rate
3.72%
Mortgage Type
FHA

Purchase Details

Listed on
Jan 22, 2012
Closed on
Jun 1, 2012
Sold by
Grufman Gretchen M
Bought by
Jpmorgan Chase Bank Na
Seller's Agent
Terry Bragdon Fletcher
Regency Realty Group
Buyer's Agent
David Legassie
Great American Realty
List Price
$75,900
Sold Price
$77,000
Premium/Discount to List
$1,100
1.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.29%

Purchase Details

Closed on
Jun 20, 2005
Sold by
Gardner Tobin T
Bought by
Grufman Gretchen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
5.78%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $625,000 None Available
Warranty Deed $625,000 None Available
Warranty Deed $500,000 None Available
Warranty Deed $500,000 None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Deed In Lieu Of Foreclosure -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $529,312 Purchase Money Mortgage
Closed $529,312 Purchase Money Mortgage
Previous Owner $375,000 Purchase Money Mortgage
Previous Owner $50,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $186,568 FHA
Previous Owner $185,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2025 07/03/25 Sold $625,000 +5.9% $227 / Sq Ft
04/23/2025 04/23/25 Pending -- -- --
04/06/2025 04/06/25 For Sale $590,000 +18.0% $214 / Sq Ft
09/08/2023 09/08/23 Sold $500,000 +4.2% $182 / Sq Ft
08/22/2023 08/22/23 Pending -- -- --
08/17/2023 08/17/23 For Sale $480,000 +152.6% $174 / Sq Ft
04/13/2015 04/13/15 Sold $190,000 -20.8% $73 / Sq Ft
02/23/2015 02/23/15 Pending -- -- --
04/20/2014 04/20/14 For Sale $239,900 +211.6% $92 / Sq Ft
06/08/2012 06/08/12 Sold $77,000 +1.4% $28 / Sq Ft
02/02/2012 02/02/12 Pending -- -- --
01/24/2012 01/24/12 For Sale $75,900 -- $28 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,272 $375,200 $95,000 $280,200
2023 $5,534 $375,200 $95,000 $280,200
2022 $4,665 $254,500 $72,300 $182,200
2021 $4,488 $237,700 $65,300 $172,400
2020 $4,202 $213,600 $56,900 $156,700
2019 $4,140 $213,600 $56,900 $156,700
2018 $4,058 $209,400 $52,700 $156,700
2017 $4,019 $207,400 $52,700 $154,700
2016 $4,168 $214,600 $49,000 $165,600
2015 $4,080 $212,300 $49,000 $163,300
2014 $3,953 $212,300 $49,000 $163,300
2013 -- $212,300 $49,000 $163,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1618201

Maine Listings

APN: SACO-000038-000261