59 Washington St Biddeford, ME 04005
Downtown Biddeford NeighborhoodEstimated payment $2,383/month
Highlights
- Popular Property
- Bathtub
- Fenced
- No HOA
- Tankless Water Heater
- 2-minute walk to Shevenell Park
About This Home
Investor-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, stable tenants, 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.Group showings start on Saturday, June 14th from 11am-1pm and Tuesday, June 17th from 11am-1pm. Individual showings available upon request with 24 hour notice. 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
- Duplex
- Flat Roof Shape
- Brick Foundation
- Stone Foundation
- Wood Frame Construction
- Vinyl Siding
Interior Spaces
- 896 Sq Ft Home
- Laminate Flooring
- Washer and Dryer Hookup
Bedrooms and Bathrooms
- 2 Full Bathrooms
- Bathtub
Basement
- Doghouse Basement Entry
- Sump Pump
- Dirt Floor
- Crawl Space
Location
- City Lot
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Heating System Mounted To A Wall or Window
- Tankless Water Heater
- Gas Water Heater
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $110,000 | New Conventional | |
| Previous Owner | $79,200 | Unknown | |
| Previous Owner | $90,000 | Unknown | |
| Previous Owner | $220,000 | Unknown |
Source: Maine Listings
MLS Number: 1626391
APN: BIDD-000038-000000-000356-000001
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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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