93 Summer St Biddeford, ME 04005
Estimated payment $4,769/month
Highlights
- Deck
- No HOA
- Carpet
- New Englander Architecture
- Baseboard Heating
About This Home
Prime investment opportunity in the growing Biddeford market. This fully occupied 4-unit property offers immediate cash flow with long-term upside. Numerous interior cosmetic improvements have been completed, including updated flooring, granite countertops, and fresh paint. Major capital items have also been addressed, with a new roof and hot water heaters installed in 2024 and a boiler replaced in 2022, providing a well-maintained asset for the next owner. Conveniently located near downtown Biddeford, tenants enjoy easy access to restaurants, shops, and local amenities. As Biddeford continues to experience revitalization and increased demand, this property presents an excellent opportunity for both stable income and future appreciation.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,092
Year Built
- Built in 1900
Home Design
- New Englander Architecture
- Shingle Roof
Interior Spaces
- 4 Full Bathrooms
- 3,436 Sq Ft Home
- Interior Basement Entry
Flooring
- Carpet
- Laminate
- Vinyl
Utilities
- No Cooling
- Baseboard Heating
- Hot Water Heating System
Additional Features
- Deck
- 3,049 Sq Ft Lot
Listing and Financial Details
- Tax Lot 3
- Assessor Parcel Number BIDD-000039-000000-000003
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- Operating Expense $7,500
- Gross Income $79,200
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 | $6,092 | $428,400 | $168,500 | $259,900 |
| 2023 | $5,621 | $428,400 | $168,500 | $259,900 |
| 2022 | $5,095 | $310,500 | $85,600 | $224,900 |
| 2021 | $4,782 | $262,300 | $70,000 | $192,300 |
| 2020 | $4,337 | $216,300 | $54,500 | $161,800 |
| 2019 | $4,322 | $216,300 | $54,500 | $161,800 |
| 2018 | $1,954 | $216,300 | $54,500 | $161,800 |
| 2017 | $2,113 | $189,800 | $54,500 | $135,300 |
| 2016 | $3,769 | $189,800 | $54,500 | $135,300 |
| 2015 | $3,695 | $189,800 | $54,500 | $135,300 |
| 2014 | $3,604 | $189,800 | $54,500 | $135,300 |
| 2013 | -- | $273,000 | $84,400 | $188,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/06/2026 01/06/26 | Price Changed | $815,000 | -1.2% | $237 / Sq Ft | |
| 12/22/2025 12/22/25 | For Sale | $825,000 | +43.5% | $240 / Sq Ft | |
| 10/18/2024 10/18/24 | Sold | $575,000 | -8.7% | $167 / Sq Ft | View Prior Sale |
| 09/30/2024 09/30/24 | Pending | -- | -- | -- | |
| 09/06/2024 09/06/24 | Price Changed | $629,900 | -1.6% | $183 / Sq Ft | |
| 08/11/2024 08/11/24 | Price Changed | $639,900 | -1.5% | $186 / Sq Ft | |
| 07/11/2024 07/11/24 | Price Changed | $649,900 | -3.7% | $189 / Sq Ft | |
| 06/20/2024 06/20/24 | For Sale | $675,000 | -- | $196 / Sq Ft |
Source: Maine Listings
MLS Number: 1646907
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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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