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About This Home

This 0-bedroom, 0-bathroom residential multi family at 70 Mason Street in Biddeford, ME is listed for $579,900 ($196 per sqft). Built in 1890, the home offers 2,965 sqft of living space on a 0.09 acres lot.

Agent Description

Located in the heart of Biddeford, this well-maintained multi-family property offers a fantastic investment opportunity with strong, steady rental income. Situated on a quiet dead-end street, the property provides privacy and minimal traffic while still being conveniently close to local amenities, shopping, and downtown.

The building features three fully occupied units, making it an ideal turnkey investment. The unit mix includes one 1-bedroom apartment, one 2-bedroom apartment, and one spacious 4-bedroom apartment--appealing to a variety of tenant needs and maximizing rental potential.

Each unit is currently leased, offering immediate cash flow for the next owner. Adding even more value, the property presents the potential to create a fourth unit in the basement (subject to town approvals), providing an opportunity to further increase income and overall return on investment.

Outside, tenants enjoy a private backyard--perfect for relaxing or entertaining--along with the added benefit of a peaceful dead-end location. Major mechanical updates have already been completed, including a new furnace and oil tank installed in 2021, as well as upgraded electrical systems, offering peace of mind and reduced near-term capital expenses.

Whether you're expanding your portfolio or entering the multi-family market, this property in Biddeford delivers location, stability, and upside potential all in one compelling package.

Key Features

  • Built in 1890
  • 0.09 acre lot
  • 3 stories

Property Details

3 stories
3 full, 1 half
1890

Monthly Cost Estimate

$3,101/mo

20% down · 6.5% · 30 years

Principal$419
Interest$2,513
Insurance$169

Estimates only. Actual payments may vary.

Location

70 Mason Street

Biddeford, ME 04005

Features & Amenities

Interior Features

BathtubStorage

Property Details

Flooring

VinylCarpetWoodLaminate

Construction

Vinyl Siding Wood Frame

Parking

DrivewayOn Street

Heating

ZonedHot Water(Heating)Baseboard

Questions & Answers

This 0-bedroom, 0-bathroom residential multi family at 70 Mason Street is listed at $579,900 ($196/sqft). The estimated monthly payment is $2,513 based on 20% down at 6.5% interest.

Key features include: Built in 1890, 0.09 acre lot, 3 stories. Interior Features: Bathtub, Storage.

This property is listed by Karyn MacGrath and can be reached at 2077981635 or Karyn.macgrath@gmail.com.

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KM

Karyn MacGrath

Agent at Keller Williams Realty

(207) 798-1635

Listed by Keller Williams Realty · View on Broker Site

MLS# 1653105· Source: listhub· Updated today

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70 Mason Street, Biddeford, ME 04005

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