31 Crescent St Biddeford, ME 04005
Downtown Biddeford NeighborhoodEstimated payment $5,146/month
Highlights
- Property is near a beach
- Property is near public transit and shops
- Main Floor Bedroom
- Federal Architecture
- Wood Flooring
- Corner Lot
About This Home
Exceptional investment opportunity in the heart of Biddeford! This well-maintained 4-unit property offers the rare combination of strong current cash flow and significant upside potential. With three units updated in recent years and major capital improvements including a new roof, high-efficiency natural gas boiler, four separate heat pump water heaters, and new front and rear porches, much of the heavy lifting has already been done.
This is the kind of property investors are always searching for: a solid, income-producing asset with plenty of opportunity to increase returns over time. Strong rental demand, room to improve existing income, and additional future possibilities make this an excellent addition to any investment portfolio.
Ideally located just minutes from vibrant downtown Biddeford, tenants will love being within easy walking distance of restaurants, breweries, coffee shops, shopping, and entertainment, while also enjoying quick access to the Turnpike, nearby beaches, and the Saco transportation center. The property sits on a corner lot with off-street parking and a one-car garage, making it an attractive option for both tenants and investors alike.
Whether you're looking to expand your portfolio with a proven income-producing asset or capitalize on its future upside, 31 Crescent Street is a rare opportunity to own a thoughtfully maintained multi-family in one of Maine's fastest-growing rental markets. To view a full video walk through tour, head over to YouTube and search the property address. Open house Sunday, August 9th from 10am-12pm.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,328
Year Built
- Built in 1920
Lot Details
- 4,792 Sq Ft Lot
- Property fronts a freeway
- Corner Lot
- Level Lot
- Open Lot
Parking
- 1 Car Attached Garage
Home Design
- Federal Architecture
- New Englander Architecture
- Brick Foundation
- Stone Foundation
- Wood Frame Construction
- Shingle Roof
- Membrane Roofing
- Vinyl Siding
Interior Spaces
- 3,704 Sq Ft Home
- 3-Story Property
- Storage
- Washer Hookup
- Unfinished Basement
- Interior Basement Entry
Flooring
- Wood
- Laminate
Bedrooms and Bathrooms
- Main Floor Bedroom
- 4 Full Bathrooms
- Bathtub
Outdoor Features
- Property is near a beach
- Porch
Location
- Property is near public transit and shops
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Baseboard Heating
- Hot Water Heating System
Listing and Financial Details
- Tax Lot 261
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- Operating Expense $13,474
- Gross Income $96,600
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $7,328 | $490,500 | $189,400 | $301,100 |
| 2024 | $6,894 | $484,800 | $189,400 | $295,400 |
| 2023 | $6,361 | $484,800 | $189,400 | $295,400 |
| 2022 | $5,297 | $322,800 | $90,200 | $232,600 |
| 2021 | $4,975 | $272,900 | $73,800 | $199,100 |
| 2020 | $4,513 | $225,100 | $57,400 | $167,700 |
| 2019 | $4,497 | $225,100 | $57,400 | $167,700 |
| 2018 | $4,434 | $225,100 | $57,400 | $167,700 |
| 2017 | $2,457 | $122,400 | $57,400 | $65,000 |
| 2016 | $2,431 | $122,400 | $57,400 | $65,000 |
| 2015 | $2,383 | $122,400 | $57,400 | $65,000 |
| 2014 | $2,324 | $122,400 | $57,400 | $65,000 |
| 2013 | -- | $195,400 | $69,300 | $126,100 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/11/2026 08/11/26 | Pending | -- | -- | -- | |
| 08/06/2026 08/06/26 | For Sale | $825,000 | +243.8% | $223 / Sq Ft | |
| 07/03/2017 07/03/17 | Sold | $240,000 | +6.7% | $65 / Sq Ft | View Prior Sale |
| 05/20/2017 05/20/17 | Pending | -- | -- | -- | |
| 05/16/2017 05/16/17 | For Sale | $225,000 | -- | $61 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | -- | |
| Quit Claim Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $235,653 | FHA | |
| Closed | $195,000 | Commercial |
Source: Maine Listings
MLS Number: 1675082
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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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