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About the Listing 3138 - 020878
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.
Listing Highlights
Status
Active
Days on Site
9
Property Type
Multi-Family
MLS ®
1653105
Year Built
1890
Total Square Footage
2,965
Lot/Acreage
0.09
County
York
Interior Details
- Bedrooms: 0
- Bathrooms: 3 Full / 1 Half
- Appliances:
- Air Cond:
- Heating: Zoned,Hot Water,Baseboard
- Fireplaces: 0
- Floor:
- Above Ground Sq Ft: 2965
- Below Ground Sq Ft: 0
- Basement: Interior,Walk-Out Access,Daylight,Full,Unfinished
- Other: Bathtub,Storage
- Water: Public
Exterior Details
- Lot Description: Rolling/Sloping,Sidewalks,Intown,Near Shopping,Near Turnpike/Interstate,Near Town,Neighborhood,Near Public Transit
- Garage Capacity: N/A
- Zoning: R1B
- Roof: Shingle
- Others:
- Sewer: Public Sewer
- Parking Features: No Driveway,Paved,On Street
Financial Details
- Tax Amount: $5,607
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
70 Mason St Biddeford, ME 04005
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