74 South St Biddeford, ME 04005
Downtown Biddeford NeighborhoodEstimated payment $4,928/month
Highlights
- No HOA
- Level Lot
- Vinyl Flooring
- Hot Water Heating System
About This Home
5-unit investment property in Biddeford featuring four 2-bedroom units and one studio. Recent capital improvements include updated electrical service and individual heat pump hot water heaters for each unit. Three units have been renovated with modern finishes, a fourth will be completed prior to closing, and one unit remains with a long term tenant. A natural gas heating system was installed in 2021. Solid rental upside with key systems already upgraded. Ideal for investors seeking a stabilized asset with room for value-add.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,934
Year Built
- Built in 1940
Lot Details
- 3,920 Sq Ft Lot
- Level Lot
Home Design
- Wood Frame Construction
- Shingle Roof
- Clap Board Siding
- Clapboard
Interior Spaces
- 5 Full Bathrooms
- 3,851 Sq Ft Home
- Vinyl Flooring
- Unfinished Basement
- Basement Fills Entire Space Under The House
Parking
- Driveway
- Paved Parking
Location
- City Lot
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Heat Pump System
- Hot Water Heating System
Listing and Financial Details
- Tax Lot 177
- Assessor Parcel Number BIDD-000038-000000-000177
Community Details
Overview
- No Home Owners Association
- 5 Units
Building Details
- Operating Expense $26,622
- Gross Income $89,400
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/29/2025 05/29/25 | For Sale | $2,275,000 | +193.5% | $252 / Sq Ft |
| 05/29/2025 05/29/25 | For Sale | $775,000 | +58.9% | $201 / Sq Ft |
| 05/19/2025 05/19/25 | For Sale | $487,600 | +138.6% | -- |
| 10/02/2018 10/02/18 | Sold | $204,330 | -5.6% | $53 / Sq Ft |
| 08/14/2018 08/14/18 | Pending | -- | -- | -- |
| 08/13/2018 08/13/18 | For Sale | $216,500 | -- | $56 / Sq Ft |
Source: Maine Listings
MLS Number: 1624395
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