159 Elm Street, Biddeford, ME 04005 (MLS# 1552583)

159 Elm Street, Biddeford, ME 04005

$2,300,000

Virtual Tour

https://www.propertypanorama.com/instaview/mreis/1552583

Property Type: Multi-Family Baths: 17 Square Footage: 11,650 Lot Size (sq. ft.): 10,019 Status: Closed

Current Price: $2,300,000 List Date: 2/17/2023 Last Modified: 1/14/2025

Overview

Description

Turn key 16 unit mixed use building located in the heart of Biddeford which is one of Maine's fastest growing cities! This building offers (7) - 1 bedrooms, (7) - 2 Bedrooms, (1) -3 bedroom + (1) leased commercial garage space & office + 9 +/- parking spaces. All units have been updated including new flooring, granite, paint, bathrooms, + Wi-Fi camera/surveillance & fire suppression system! Please don't miss the opportunity to own an easy to manage building close to everything!

Listing Details MLS# 1552583

Location Information

Street #: 159
Street Name: Elm
Street Type: Street
County: York
Town: Biddeford
State/Province: ME
Zip Code: 04005
Zip +4: 5241
Leased Land: No
Book: 18590
Page: 816
Map: 38
Lot: 145
Zoning: MSRD1
Zoning Overlay: Unknown
Association: No
Full Tax Amount $: 16052
Tax Year: 2022

Contract Information

Original List Price: 2560000

Property Information

Surveyed: Unknown
Seasonal: No
Deed Restrictions: Yes
Number of Units: 16
Total Baths: 17
Total Full Baths: 15
Total Half Baths: 2
Year Built: 1900
SqFt Finished Above Grade: 11650
SqFt Finished Total: 11650
SqFt Source: Public Records
Garage: Yes
Garage Spaces: 5
Lot Size Acres +/-: 0.23
Source of Acreage: Public Records
Road Frontage: Yes
Road Frontage +/-: 97
Source of Road Frontage: Public Records
SqFt Finished Below Grade: 0

Status Change Info

Pending Date: 2023-02-27
Closed Date: 2023-05-01
Closed Price: 2300000

Water Info

Water Frontage: No
Water View: No

Building Info

# Stories: 2
# Floors: 2

More Information

Units

# of 1 BD Units: 7
# of 2 BD Units: 7
# of 3 BD Units: 2

Unit 1

Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 1350
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 2

Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 1100
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 3

Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 1350
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 4

Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 1925
# Full Baths: Yes
# Half Baths: Yes
# of Rooms: 5
# of Bedrooms: 3
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Water: Yes
Sewer: Yes

Unit 5

Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 1100
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 6

Lease: No
Level: First
Security Deposit: No
Monthly Rent: 1200
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 7

Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 1075
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 8

Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 1200
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 9

Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 1100
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 10

Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 1490
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 11

Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 1842
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 12

Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 1360
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 13

Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 1350
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 14

Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 1625
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 15

Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 1600
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 16

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1750
# Half Baths: Yes
# of Rooms: 2
# of Bedrooms: 3
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: No
Refrigerator: No
Sewer: Yes
Water: Yes

Utilities

Utilities On: No

Sold Info

Appraiser Email Address: mclane.hill@cushwake.com

Site

Level: Yes
Open: Yes
Sidewalks: Yes

Location

Intown: Yes
Near Shopping: Yes
Neighborhood: Yes

Roads

Paved: Yes
Public: Yes

Transportation

Major Road Access: Yes

Style

Colonial: Yes
Other: Yes

Construction

Masonry: Yes

Levels

Multi-Level: Yes

Basement

Unfinished: Yes

Exterior

Brick: Yes

Roof

Composition: Yes
Fiberglass: Yes
Shingle: Yes

Heat System

Hot Water: Yes

Heat Fuel

Gas Natural: Yes

Income & Expenses

Gross Income: 272364
Operating Expenses: 91672

Cooling

None: Yes

Floors

Carpet: Yes

Parking

5 - 10 Spaces: Yes
Off Street: Yes

Electric

Circuit Breakers: Yes

Gas

Unknown: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

Driveway

Paved: Yes

Basement Entry

Not Applicable: Yes

Water Heater

Gas: Yes

Amenities

Other Amenities: Yes
Storage: Yes

Vehicle Storage

Other Vehicle Storage: Yes

Property Features

Site: Level; Open; Sidewalks Location: Intown; Near Shopping; Neighborhood Roads: Paved; Public Transportation: Major Road Access Style: Colonial; Other Levels: Multi-Level Construction: Masonry Basement: Unfinished Basement Entry: Not Applicable Exterior: Brick Roof: Composition; Fiberglass; Shingle Heat System: Hot Water Heat Fuel: Gas Natural Water Heater: Gas Cooling: None Floors: Carpet Amenities: Other Amenities; Storage Driveway: Paved Parking: 5 - 10 Spaces; Off Street Vehicle Storage: Other Vehicle Storage Electric: Circuit Breakers Gas: Unknown Sewer: Public Sewer Water: Public

Documents

Income/Expense ›

Deed ›

Disclosures + LPA ›

IDX

Listing Office: F.O. Bailey Real Estate

Selling Office: Vitalius Real Estate Group, LLC

Last Updated: January - 14 - 2025

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.