C
Seller's Agent in 2025
Christopher St.Pierre
EXP Realty
(888) 439-8743
1 in this area
15 Total Sales
59 Washington St Biddeford, ME 04005
Downtown Biddeford Neighborhood
--
Bed
2
Baths
896
Sq Ft
871
Sq Ft Lot
Highlights
- Wood Flooring
- Bathtub
- Fenced
- No HOA
- Tankless Water Heater
- 2-minute walk to Shevenell Park
About This Home
As of September 2025Investor-ready and ideally located, 59 Washington Street is a well-maintained two-unit multifamily property offering excellent income potential in one of Southern Maine's fastest-growing cities. Situated in a highly desirable neighborhood just off of Main Street, this property boasts strong long-term rental history, and low operating expenses—making it an ideal addition to any investment portfolio or a perfect owner-occupied opportunity.
Each unit features efficient layouts, updated systems, and separate utilities for tenant convenience and landlord efficiency. With minimal overhead and consistent cash flow, this property delivers impressive returns for such a compact property. Off-street parking, a walkable location, and proximity to downtown shops, restaurants, breweries, and the Saco River enhance tenant appeal and long-term value.
Biddeford continues to attract attention for its revitalized mill district and thriving local economy—making this a smart buy in a market with strong upward momentum.
A prior owner had plans approved in 2006 with the city to add a third story. A copy is available.
Seller is a Maine real estate licensee.
This property is zoned MSRD-1 and has commercial applications as well. Check with the city for potential uses.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,193
Year Built
- Built in 1920
Lot Details
- 871 Sq Ft Lot
- Fenced
- Level Lot
Parking
- No Driveway
Home Design
- 896 Sq Ft Home
- Duplex
- Flat Roof Shape
- Brick Foundation
- Stone Foundation
- Wood Frame Construction
- Vinyl Siding
Flooring
- Wood
- Laminate
Bedrooms and Bathrooms
- 2 Full Bathrooms
- Bathtub
Basement
- Doghouse Basement Entry
- Sump Pump
- Dirt Floor
- Crawl Space
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Heating System Mounted To A Wall or Window
- Tankless Water Heater
- Gas Water Heater
Additional Features
- Washer and Dryer Hookup
- City Lot
Listing and Financial Details
- Tax Lot 356-1
- Assessor Parcel Number BIDD-000038-000000-000356-000001
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Operating Expense $5,954
- Gross Income $36,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 13, 2025
Closed on
Sep 3, 2025
Sold by
Forest Avenue Invs Llc
Bought by
Delano Melissa and Delano Wayne
Seller's Agent
Christopher St.Pierre
EXP Realty
Buyer's Agent
Anne McPheeters
OceanView Properties
List Price
$420,000
Sold Price
$355,000
Premium/Discount to List
-$65,000
-15.48%
Views
37
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
78.62%
Original Mortgage
$301,750
Outstanding Balance
$301,750
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$65,823
Purchase Details
Closed on
Jul 11, 2019
Sold by
Costello James
Bought by
Forest Avenue Inv Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
3.9%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jul 29, 2014
Closed on
Oct 7, 2014
Sold by
Johnson Caleb Architects
Bought by
Costello James
Seller's Agent
Joey Radford
OceanView Properties
Buyer's Agent
Trevor Coyne Joe Piergrossi Jr.
Keller Williams Realty
List Price
$99,900
Sold Price
$99,000
Premium/Discount to List
-$900
-0.9%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.69%
Original Mortgage
$79,200
Interest Rate
4.11%
Mortgage Type
Unknown
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $355,000 | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $301,750 | New Conventional | |
| Previous Owner | $110,000 | New Conventional | |
| Previous Owner | $79,200 | Unknown | |
| Previous Owner | $90,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/03/2025 09/03/25 | Sold | $355,000 | -5.3% | $396 / Sq Ft |
| 08/02/2025 08/02/25 | Pending | -- | -- | -- |
| 07/02/2025 07/02/25 | Price Changed | $375,000 | -5.1% | $419 / Sq Ft |
| 06/20/2025 06/20/25 | Price Changed | $395,000 | -6.0% | $441 / Sq Ft |
| 06/13/2025 06/13/25 | For Sale | $420,000 | +324.2% | $469 / Sq Ft |
| 10/03/2014 10/03/14 | Sold | $99,000 | -0.9% | $110 / Sq Ft |
| 08/23/2014 08/23/14 | Pending | -- | -- | -- |
| 07/29/2014 07/29/14 | For Sale | $99,900 | -- | $111 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
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 | $2,193 | $154,200 | $59,400 | $94,800 |
| 2023 | $2,005 | $152,800 | $59,400 | $93,400 |
| 2022 | $1,662 | $101,300 | $30,700 | $70,600 |
| 2021 | $1,575 | $86,400 | $25,100 | $61,300 |
| 2020 | $1,436 | $71,600 | $19,500 | $52,100 |
| 2019 | $1,431 | $71,600 | $19,500 | $52,100 |
| 2018 | $1,411 | $71,600 | $19,500 | $52,100 |
| 2017 | $1,393 | $69,400 | $19,500 | $49,900 |
| 2016 | $1,329 | $66,900 | $19,500 | $47,400 |
| 2015 | $1,207 | $62,000 | $19,500 | $42,500 |
| 2014 | $1,177 | $62,000 | $19,500 | $42,500 |
| 2013 | -- | $78,700 | $33,500 | $45,200 |
Source: Public Records
Agents Affiliated with this Home
-
Christopher St.Pierre
-
Anne McPheeters
Buyer's Agent in 2025
Anne McPheeters
OceanView Properties
(207) 282-1732
1 in this area
79 Total Sales
-
Joey Radford
Seller's Agent in 2014
Joey Radford
OceanView Properties
(207) 229-6134
2 in this area
106 Total Sales
-
T
Buyer's Agent in 2014
Trevor Coyne Joe Piergrossi Jr.
Keller Williams Realty
Map
Source: Maine Listings
MLS Number: 1626391
APN: BIDD-000038-000000-000356-000001
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.
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
Nearby Homes
- 38 Jefferson St
- 109 Alfred Rd
- 2 Main St Unit 15-504
- 2 Main St Unit 17-407
- 2 Main St Unit 17-410
- 2 Main St Unit 15-314
- 2 Main St Unit 18-420
- 2 Main St Unit 15-405
- 2 Main St Unit 18-421
- 2 Main St Unit 15-310
- 2 Main St Unit 35-110
- 2 Main St Unit 15-302
- 2 Main St Unit 17-506
- 2 Main St Unit 17-508
- 39 Green St
- 16 Hill St
- 50 Green St
- 16 Piersons Ln
- 21 Wentworth St
- 7 Oak St