38-40 Middle Street, Biddeford, ME 04005 (MLS # 1660686)

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.

Last Updated	5/5/2026	Tract	Downtown Biddeford
Year Built	1920	Community	Downtown Biddeford
County	York

Additional Details

AIR	None
CONSTRUCTION	Vinyl Siding
HEAT	Baseboard, Hot Water, Zoned
LOT	6534 sq ft
LOT DESCRIPTION	Near Golf Course, Near Public Transit
LOT DIMENSIONS	0.15
MLS STATUS	Active
SEWER	Public Sewer
STORIES	Split/Multi Level
SUBDIVISION	Downtown Biddeford
TAXES	5117
WATER	Public

Location

 

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