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Property Description

Downtown Biddeford 3-Unit | Updated Systems | Strong Rental History

Well-located 3-unit investment property in the heart of downtown Biddeford with proven rental history and potential for future income growth. Unit 201 was fully remodeled in 2020, while Unit 202 was updated in 2014, offering a mix of modern updates and stable tenancy.

Major capital improvements include a new boiler, hot water heater, and oil tank installed in 2023, helping reduce near-term maintenance concerns for the next owner.

Positioned less than one mile from the Biddeford Mills redevelopment, restaurants, local shops, and hotels, this property benefits from strong tenant demand in one of Southern Maine's fastest growing downtown markets.

A solid opportunity for investors looking to expand their portfolio or take advantage of Biddeford's continued revitalization.

OPEN HOUSE: Saturday 3/14 10:00-12:00

Overview

Property Status
Sold
Lot Size
5,662.8 Sq.Ft.
MLS ID
1653797
Property Type
Multi-Family
Year Built
1900

Features & Amenities

Total Area
2,831 Sq.Ft.
Architecture Styles
Colonial
Stories
2
Water Source
Public
Utilities
Utilities On
Roof
Membrane, Shingle
Lot Features
Sidewalks, Intown, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Near Public Transit
Parking
Paved, Common, Carport, Detached, 1 - 4 Spaces, Off Street, On Street
Heat Type
Oil, Propane, Baseboard, Direct Vent Heater, Hot Water
Air Conditioning
None
Laundry Room
Washer Hookup
Other Interior Features
Walk-in Closets, 1st Floor Bedroom, Storage
Sewer
Public Sewer
Substructure
Granite, Poured Concrete
Sales Price
$555,000
Real Estate Tax
$6,237/yr
Zoning
MSRD2

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12 Kossuth Street

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