About This Home

This 0-bedroom, 5-bathroom residential multi family at 79 Hill Street in Biddeford, ME is listed for $925,000 ($167 per sqft). Built in 1900, the home offers 5,524 sqft of living space on a 0.14 acres lot.

Key Features

  • Built in 1900
  • 0.14 acre lot
  • 3 stories

Property Details

3 stories
5 full
1900
Listing Description

Turnkey 5-Unit Investment with Strong Cash Flow in One of Southern Maine's Fastest-Growing Markets An outstanding opportunity to acquire a fully occupied 5-unit multifamily property in the heart of downtown Biddeford. Producing $8,995 per month ($107,940 annually) in gross rental income, this property offers investors immediate cash flow with a pro

jected NOI of approximately $85,400, including an 8% professional management allowance, and an attractive 9.2% cap rate at the current asking price. Each apartment offers spacious two-bedroom layouts that continue to see strong rental demand in Biddeford's thriving housing market.

Public water and sewer, low owner-paid utility expenses, and professionally analyzed operating numbers make this an ideal addition to any investment portfolio. Located just minutes from Main Street, residents enjoy easy access to restaurants, breweries, shopping, the Amtrak Downeaster, UNE, beaches, and the Biddeford RiverWalk.

With continued redevelopment and investment throughout downtown, Biddeford remains one of Maine's strongest rental markets. Investment Highlights - Five-unit multifamily building - Current monthly rent roll: $8,995 - Annual gross scheduled rent: $107,940 - Estimated NOI: $85,429 - Approximate 9.24% cap rate - Strong 1.32 DSCR under conservative fin

ancing assumptions - Public water & public sewer - Excellent long-term investment in a high-demand rental location - Opportunity for future rent growth while benefiting from immediate income Whether you're completing a 1031 exchange, expanding an existing portfolio, or entering Southern Maine's multifamily market, 79 Hill Street delivers the combination of stable income, attractive returns, and long-term appreciation potential that investors are searching for.

Monthly Cost Estimate

$4,947/mo

20% down · 6.5% · 30 years

Principal$669
Interest$4,008
Insurance$270

Estimates only. Actual payments may vary.

Location

79 Hill Street

Biddeford, ME 04005

Features & Amenities

Interior Features

1st Floor Bedroom

Property Details

Flooring

WoodVinylLaminateTile

Construction

Wood Frame Vinyl Siding

Parking

None

Heating

Natural GasOther (Heating)

Questions & Answers

This 0-bedroom, 5-bathroom residential multi family at 79 Hill Street is listed at $925,000 ($167/sqft). The estimated monthly payment is $4,947 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1900, 0.14 acre lot, 3 stories. Interior Features: 1st Floor Bedroom.

This property is listed by Michael Hamilton and can be reached at 2075708998.

MH

Michael Hamilton

Agent at Keller Williams Realty

(207) 570-8998

Listed by Keller Williams Realty · View on Broker Site

MLS# 1673689· Source: listhub· Listed today

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79 Hill Street, Biddeford, ME 04005

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