38-40 Middle Street, Biddeford, ME 04005
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
38-40 Middle Street,Biddeford, ME 04005
$499,000
- - Beds
- 2 Baths
- 2,166 sq. ft.
- Multi-family
- Active
Listed by: thomas landry
Office: benchmark real estate
MLS#:1660686
Source:ME_MREIS
Price summary
- Price:$499,000
- Price per sq. ft.:$230.38
About this home
Welcome to an ideal owner-occupied multifamily opportunity in the heart of Biddeford--one of Maine's most dynamic and rapidly evolving markets. This isn't an 'up-and-coming' location--it's already here. Vibrant, walkable, and full of energy, Biddeford offers an exceptional lifestyle with restaurants, brew pubs, coffee shops, and everyday conveniences just a short distance away.
Set on a sun-filled corner lot, this well-sited two-family offers off-street parking, a great yard, and an elevated position that brings in abundant natural light. Upper floors enjoy expansive views that could be further enhanced over time. Both units feature spacious layouts, large sun-filled rooms, inviting porches, and charming original details.
Most recently owner-occupied, rents are projected at $2,450 per unit, offering strong income potential. Tenants pay electricity, with the owner covering heat via an efficient boiler. The first-floor unit offers 2-3 bedrooms, while the second floor features a 2-bedroom layout. The property has been fully vacated, allowing for immediate occupancy and flexibility for an owner-occupant or investor.
The property works well as-is, while also offering tremendous upside potential for those with some energy and ambition. For additional value, the adjacent buildable lot is also available for $150,000.
Conveniently located near the University of New England, Amtrak service to Boston and beyond, and all that the Biddeford-Saco area has to offer, this is a compelling opportunity. Whether you're looking to break into the multifamily market or expand your portfolio, this is a high-quality asset in a location that continues to see strong demand.
Schedule your showing today and secure your place in one of Southern Maine's most desirable markets....
Contact an agent
Home facts
- Year built:1920
- Listing ID #:1660686
- Updated:May 14, 2026 at 02:55 PM
Rooms and interior
- Total bathrooms:2
- Full bathrooms:2
- Flooring:Carpet, Laminate, Vinyl, Wood
- Bathrooms Description:Bathtub, Shower
- Kitchen Description:Pantry
- Bedroom Description:1st Floor Bedroom
- Basement Description:Doghouse, Full, Sump Pump, Unfinished, Walk-Out Access
- Living area:2,166 sq. ft.
Heating and cooling
- Heating:Baseboard, Hot Water, Oil
Structure and exterior
- Year built:1920
- Building area:2,166 sq. ft.
- Lot area:0.15 Acres
- Lot Features:Corner Lot, Intown, Level, Near Country Club, Near Golf Course, Near Public Beach, Near Public Transit, Near Railroad, Near Shopping, Neighborhood, Open, Sidewalks
- Architectural Style:New Englander
- Construction Materials:Vinyl Siding, Wood Frame
- Exterior Features:Glass Enclosed, Screened
- Foundation Description:Brick/Mortar, Stone
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$499,000
- Price per sq. ft.:$230.38
- Tax amount:$5,117 (2026)
Features and amenities
- Laundry features:Washer Hookup
- Amenities:One-Floor Living, Storage, Walk-In Closets
Parking
- Parking description:1 - 4 Spaces, On Site, Paved
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