# 79 Hill Street, Biddeford, ME 04005

> **TL;DR:** 0bd/5ba residential multi family, $925,000 ($167/sqft), built 1900, 5,524 sqft. Est. $4,947/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $925,000 |
| Price/sqft | $167 |
| Bathrooms | 5 full |
| Square Feet | 5,524 |
| Year Built | 1900 |
| Lot Size | 6,098 sqft (0.14 acres) |
| Stories | 3 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $4,677 |
| Estimated Insurance | $270 |
| **Total** | **$4,947** |

## Property Highlights

- Built in 1900
- 0.14 acre lot
- 3 stories

## Description

### Agent 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 projected 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 financing 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.

## Location

- **Address:** 79 Hill Street, Biddeford, ME 04005
- **County:** York
- **Coordinates:** 43.48959, -70.453037
- **Google Maps:** https://www.google.com/maps?q=43.48959,-70.453037

## Listing Agent

- **Name:** Michael Hamilton
- **Brokerage:** Keller Williams Realty
- **Phone:** 2075708998

## Primary Photo

![79 Hill Street - Primary Photo](http://lh.rdcpix.com/780434126df46ad9e8989a163721b5dfl-f389398312r.jpg)

*94 total photos available on [listing page](https://www.propertysimple.ai/listing/79-hill-street-biddeford-me-04005-1673689)*

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**MLS#:** 1673689 | **Updated:** 2026-08-01
**Source:** listhub

*Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/79-hill-street-biddeford-me-04005-1673689)

---

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