$795,000
$100K PRICE DROP

28 Cutts St Biddeford, ME 04005

Downtown Biddeford Neighborhood

Estimated payment $4,753/month

Total Views 7,575
-- Bed
4 Baths
4,100 Sq Ft
$194 Price per Sq Ft

Highlights

  • Colonial Architecture
  • Wood Flooring
  • No HOA
  • Property is near public transit
  • Main Floor Bedroom
  • Double Pane Windows

About This Home

Start Building Wealth with Just 3.5% Down! Perfect FHA-Friendly 4-Unit in Downtown Biddeford!! Ready to stop renting and start investing in your future? This is your chance to become a homeowner and landlord with as little as 3.5% down using FHA financing! Located just steps from the vibrant heart of downtown Biddeford, this 4-unit multifamily is the ultimate house-hack opportunity. Live in one unit and let the rent from the other three units help pay your mortgage, resulting in lower monthly costs and the ability to build equity from day one. Each unit offers easy layouts and strong existing tenancy, with room to boost income over time through updates and/or rent increases. Off-street parking adds convenience and extra value in a neighborhood where parking is a premium. Walk to top-rated restaurants, local breweries, cafes, shops, and the scenic Saco River. Biddeford is one of Maine's fastest-growing cities, regularly landing on national 'best places to live' lists thanks to its thriving downtown, coastal charm, and rising property values. Whether you're just getting started in real estate or looking for your first owner-occupied investment, this property checks all the boxes: low down payment, great location, strong rental income, and long-term upside. Opportunities like this don't last, so schedule your private showing today and take the first step toward financial freedom!

Listing Agent

Fred Andrews

Spectrum Real Estate Listed on: 06/16/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,665

Year Built

  • Built in 1925

Lot Details

  • 3,049 Sq Ft Lot
  • Level Lot

Home Design

  • Colonial Architecture
  • Stone Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 4,100 Sq Ft Home
  • 3-Story Property
  • Double Pane Windows

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 4 Full Bathrooms
  • Bathtub
  • Shower Only

Unfinished Basement

  • Partial Basement
  • Interior Basement Entry

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking
  • Off-Site Parking

Location

  • Property is near public transit
  • City Lot

Utilities

  • No Cooling
  • Forced Air Zoned Heating System
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Electric Water Heater
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 53
  • Assessor Parcel Number BIDD-000038-000000-000053

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $22,497
  • Gross Income $79,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,665

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.07
  • Road Surface Type: Paved
  • MLS Status: Active
  • Directions: GPS Friendly.
  • Above Grade Finished Sq Ft: 4100.0
  • Architectural Style: Other, Colonial
  • Garage Yn: No
  • Unit Levels: Multi-Level
  • Building Stories: 3
  • Year Built: 1925
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 193.9
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.07
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 4100.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Shower: Yes
  • Basement:Unfinished: Yes
  • Gas:No Gas: Yes
  • Basement:Partial: Yes
  • Roof:Composition2: Yes
  • Property Information:Number of Units: 4
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 79200.0
  • Income Expenses Operating Expenses: 22497.0
  • Parking:On Site2: Yes
  • Amenities:Bathtub: Yes
  • Style:Colonial: Yes
  • Roof:Pitched: Yes
  • Parking:Paved3: Yes
  • Property Information:Short Sale Continue to Show: No
  • Equipment:Internet Access Available: Yes
  • Parking:Off Site: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Equipment:Cable: Yes
  • Foundation Materials:Granite2: Yes
  • Location:Near Railroad: Yes
  • Transportation:Public Transport Access: Yes
  • Building Info:_pound_ Floors3: 3
  • Advertising Remarks:Advertising Remarks: Don't miss this incredible opportunity to own this 4-unit multifamily property just steps from vibrant downtown Biddeford—one of Maine's hottest and fastest-growing cities. With strong rental income already in place and room for upside through potential updates and/or rent increases, this property is ideal for investors looking to grow their portfolio or owner-occupants ready to house-hack. Each unit offers spacious layouts and solid tenancy, and the building includes some off-street parking, making it highly desirable in a low-vacancy area. Located within walking distance to Biddeford's thriving restaurant and brewery scene, shops, and the scenic Saco River, this location is perfect for attracting long-term tenants and maximizing return. Biddeford continues to appear on national ''Top 10'' lists for livability and revitalization, with rising property values and sustained demand for quality housing. Whether you're a seasoned investor or just starting out, this is your chance to invest in your future in a community with momentum and long-term growth potential. Reach out today to schedule a private showing—this opportunity won't last!
  • Property Information 2 Detached Houses on 1 Lot: No
  • Levels:Multi-Level3: Yes
  • Heat System:Zoned: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Furnished: Unfurnished
  • Other Equipment: Internet Access Available, Cable
  • Has Basement: Interior, Partial, Unfinished
  • Full Bathrooms: 4
  • Fireplace: No
  • Flooring: Wood, Vinyl, Carpet
  • Interior Amenities: 1st Floor Bedroom, Bathtub, Shower
  • Stories: 3
  • Window Features: Double Pane Windows

Exterior Features

  • Lot Features: Level, Sidewalks, Intown, Near Shopping, Neighborhood, Near Public Transit, Near Railroad
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Granite
  • Roof: Composition, Pitched, Shingle
  • Window Features:Double Pane Windows2: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved, Off Site, On Site

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Zoned, Hot Water, Forced Air, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Schools

  • Junior High Dist: Biddeford Public Schools

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3049.2
  • Parcel #: BIDD-000038-000000-000053
  • Zoning: MSRD2

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 79200.0
  • Annual Operating Expense: 22497.0

Tax Info

  • Tax Annual Amount: 6665.0
  • Tax Lot: 53
  • Tax Year: 2025

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft Prior Sale
10/17/2025 10/17/25 Price Changed $795,000 -3.6% $194 / Sq Ft
08/19/2025 08/19/25 Price Changed $824,900 -2.9% $201 / Sq Ft
07/21/2025 07/21/25 Price Changed $849,900 -5.0% $207 / Sq Ft
06/16/2025 06/16/25 For Sale $895,000 +32.6% $218 / Sq Ft
05/31/2022 05/31/22 Sold $675,000 -0.7% $165 / Sq Ft View Prior Sale
04/30/2022 04/30/22 Pending -- -- --
04/30/2022 04/30/22 For Sale $679,900 +345.8% $166 / Sq Ft
07/15/2016 07/15/16 Sold $152,500 -12.1% $37 / Sq Ft View Prior Sale
06/29/2016 06/29/16 Pending -- -- --
05/04/2016 05/04/16 For Sale $173,500 -- $42 / Sq Ft
Source: Maine Listings

Source: Maine Listings

MLS Number: 1626879

Maine Listings
Maine York County Biddeford 04005 Downtown Biddeford

28 Cutts St, Biddeford, ME

For Sale

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Fred Andrews
Listing Agent
Fred Andrews
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Spectrum Real Estate
(207) 306-2592