20 Porter St Biddeford, ME 04005
Highlights
- Public Beach
- Wood Flooring
- Main Floor Bedroom
- Property is near public transit
- New Englander Architecture
- Corner Lot
About This Home
As of January 2025Investors take notice! Two unit in one of Maine's fastest growing cities; close to Portland and the ocean as well as easy access to highway. Dining, shopping, and play are all close by.
This is a 2-unit income-producing property with great potential. Both units are currently tenant-occupied but below market rates. The property requires some updates and improvements to maximize its value and functionality.With the right repairs it can be brought to its full potential, but it is priced accordingly.
Buyers are encouraged to conduct their own due diligence, including inspections, to assess the condition of the property. The units are fully occupied, and there is a strong rental history in place.
EXTRA BONUS BEDROOM that is currently part of upstairs unit but on FIRST floor, which makes one of the units a 4 bedroom. This extra room has a closet and access to outside door, easily can be part of downstairs unit instead or rent it separately if town allows mixed use.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,483
Year Built
- Built in 1939
Lot Details
- 6,534 Sq Ft Lot
- Public Beach
- Corner Lot
- Level Lot
Parking
- 2 Car Attached Garage
- Driveway
Home Design
- New Englander Architecture
- Wood Frame Construction
- Shingle Roof
- Block Exterior
- Vinyl Siding
Interior Spaces
- 3,063 Sq Ft Home
- 2-Story Property
Flooring
- Wood
- Laminate
- Vinyl
Bedrooms and Bathrooms
- Main Floor Bedroom
- 2 Full Bathrooms
- Bathtub
Laundry
- Laundry on main level
- Washer and Dryer Hookup
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Oil
- Baseboard Heating
- Hot Water Heating System
- Natural Gas Not Available
Additional Features
- Enclosed Glass Porch
- Property is near public transit
Listing and Financial Details
- Tax Lot 334
- Assessor Parcel Number BIDD-000034-000000-000334
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Operating Expense $12,187
- Gross Income $26,790
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/31/2025 01/31/25 | Sold | $495,000 | +3.3% | $162 / Sq Ft |
| 12/09/2024 12/09/24 | Pending | -- | -- | -- |
| 11/19/2024 11/19/24 | For Sale | $479,000 | -- | $156 / Sq Ft |
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 | $4,907 | $345,100 | $127,200 | $217,900 |
| 2023 | $4,483 | $341,700 | $127,200 | $214,500 |
| 2022 | $4,226 | $257,500 | $68,200 | $189,300 |
| 2021 | $4,016 | $220,300 | $56,800 | $163,500 |
| 2020 | $3,735 | $186,300 | $48,400 | $137,900 |
| 2019 | $3,722 | $186,300 | $48,400 | $137,900 |
| 2018 | $3,670 | $186,300 | $48,400 | $137,900 |
| 2017 | $3,619 | $180,300 | $48,400 | $131,900 |
| 2016 | $3,581 | $180,300 | $48,400 | $131,900 |
| 2015 | $3,316 | $180,300 | $48,400 | $131,900 |
| 2014 | $3,234 | $180,300 | $48,400 | $131,900 |
| 2013 | -- | $222,400 | $63,400 | $159,000 |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $470,250 | Purchase Money Mortgage | |
| Closed | $470,250 | Purchase Money Mortgage | |
| Previous Owner | $155,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $165,000 | Unknown | |
| Previous Owner | $24,000 | Unknown | |
| Previous Owner | $15,000 | Unknown | |
| Previous Owner | $10,000 | Unknown |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available |
Source: Maine Listings
MLS Number: 1609772
APN: BIDD-000034-000000-000334
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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.
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