38-40 Middle Street, Biddeford, ME 04005
New Listing
$499,000
Property Type:
Multi-Family
Baths:
2
Square Footage:
2,166
Lot Size (sq. ft.):
6,534
Status:
Active
Current Price:
$499,000
List Date:
5/05/2026
Last Modified:
5/06/2026
Overview
Description
...
(Read more)
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.
Listing Details MLS# 1660686
Location Information
- Street #
- 38-40
- Street Name
- Middle
- Street Type
- Street
- County
- York
- Town
- Biddeford
- State/Province
- ME
- Zip Code
- 04005
- Zip +4
- 3409
- Leased Land
- No
- Book
- 17687
- Page
- 0710
- Map
- 39
- Lot
- 180
- Zoning
- MSRD-2
- Zoning Overlay
- Unknown
- Neighborhood Association
- Downtown Biddeford
- Association
- No
- School District
- Biddeford Public Schools
- Full Tax Amount $
- 5117
- Tax Year
- 2026
- Tree Growth Y/N
- No
- Entrance Fee
- 0
Contract Information
- Original List Price
- 499000
Property Information
- Surveyed
- Yes
- Seasonal
- No
- Owner Occupied
- No
- Deed/Conveyance Type Offered
- Warranty
- Deed
- All
- Deed Restrictions
- Unknown
- Bank Owned REO
- No
- 2 Detached Houses on 1 Lot
- No
- Number of Units
- 2
- Total Baths
- 2
- Total Full Baths
- 2
- Color
- White
- Year Built
- 1920
- SqFt Finished Above Grade
- 2166
- SqFt Finished Total
- 2166
- SqFt Source
- Public Records
- Garage
- No
- Lot Size Acres +/-
- 0.15
- Source of Acreage
- Survey
- Road Frontage
- Yes
- Road Frontage +/-
- 146
- Source of Road Frontage
- Public Records
- Total Half Baths
- 0
- SqFt Finished Below Grade
- 0
- Garage Spaces
- 0
Water Info
- Water Frontage
- No
- Water View
- No
Building Info
- # Stories
- 2
Units
- # of 2 BD Units
- Yes
- # of 3 BD Units
- Yes
More Information
Unit 1
- Lease
- No
- Level
- First
- Security Deposit
- No
- Monthly Rent
- 2450
- # Full Baths
- Yes
- # of Rooms
- 6
- # of Bedrooms
- 3
- 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
- Second
- Security Deposit
- No
- Monthly Rent
- 2450
- # Full Baths
- Yes
- # of Rooms
- 5
- # 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
Utilities
- Utilities On
- Yes
Levels
- Multi-Level
- Yes
Site
- Corner Lot
- Yes
- Level
- Yes
- Open
- Yes
- Sidewalks
- Yes
Location
- Intown
- Yes
- Near Country Club
- Yes
- Near Golf Course
- Yes
- Near Public Beach
- Yes
- Near Railroad
- Yes
- Near Shopping
- Yes
- Neighborhood
- Yes
Roads
- Paved
- Yes
- Public
- Yes
Transportation
- Major Road Access
- Yes
- Near Airport
- Yes
- Public Transport Access
- Yes
- Rail Available
- Yes
Recreational Water
- Nearby
- Yes
- Public
- Yes
Style
- New Englander
- Yes
Construction
- Wood Frame
- Yes
Basement
- Full
- Yes
- Sump Pump
- Yes
- Unfinished
- Yes
- Walk-Out Access
- Yes
Foundation Materials
- Brick/Mortar
- Yes
- Stone
- Yes
Exterior
- Vinyl Siding
- Yes
Roof
- Pitched
- Yes
- Shingle
- Yes
Heat System
- Baseboard
- Yes
- Hot Water
- Yes
- Zoned
- Yes
Energy Efficiency
- Ceiling Fans
- Yes
Heat Fuel
- Oil
- Yes
Income & Expenses
- Gross Income
- 58800
- Operating Expenses
- 61800
Cooling
- None
- Yes
Floors
- Carpet
- Yes
- Laminate
- Yes
- Vinyl
- Yes
- Wood
- Yes
Parking
- 1 - 4 Spaces
- Yes
- On Site
- Yes
- Paved
- Yes
Electric
- Circuit Breakers
- Yes
Gas
- No Gas
- Yes
Sewer
- Public Sewer
- Yes
Water
- Public
- Yes
Driveway
- Paved
- Yes
Restrictions
- No Restrictions
- Yes
Basement Entry
- Doghouse
- Yes
Water Heater
- Off Heating System
- Yes
Window Features
- Storm Window(s)
- Yes
Amenities
- 1st Floor Bedroom
- Yes
- Bathtub
- Yes
- Fence
- Yes
- Laundry - Hookup
- Yes
- One-Floor Living
- Yes
- Other Amenities
- Yes
- Pantry
- Yes
- Shower
- Yes
- Storage
- Yes
- Walk-in Closets
- Yes
Patio and Porch Features
- Glassed-in Porch
- Yes
- Porch-Screened
- Yes
Equipment
- Cable
- Yes
- Internet Access Available
- Yes
Vehicle Storage
- No Vehicle Storage
- Yes
Property Features
Site:
Corner Lot; Level; Open; Sidewalks
Location:
Intown; Near Country Club; Near Golf Course; Near Public Beach; Near Railroad; Near Shopping; Neighborhood
Roads:
Paved; Public
Transportation:
Major Road Access; Near Airport; Public Transport Access; Rail Available
Recreational Water:
Nearby; Public
Style:
New Englander
Levels:
Multi-Level
Construction:
Wood Frame
Basement:
Full; Sump Pump; Unfinished; Walk-Out Access
Basement Entry:
Doghouse
Foundation Materials:
Brick/Mortar; Stone
Exterior:
Vinyl Siding
Roof:
Pitched; Shingle
Heat System:
Baseboard; Hot Water; Zoned
Heat Fuel:
Oil
Water Heater:
Off Heating System
Cooling:
None
Floors:
Carpet; Laminate; Vinyl; Wood
Window Features:
Storm Window(s)
Amenities:
1st Floor Bedroom; Bathtub; Fence; Laundry - Hookup; One-Floor Living; Other Amenities; Pantry; Shower; Storage; Walk-in Closets
Patio and Porch Features:
Glassed-in Porch; Porch-Screened
Equipment:
Cable; Internet Access Available
Energy Efficiency:
Ceiling Fans
Driveway:
Paved
Parking:
1 - 4 Spaces; On Site; Paved
Vehicle Storage:
No Vehicle Storage
Restrictions:
No Restrictions
Electric:
Circuit Breakers
Gas:
No Gas
Sewer:
Public Sewer
Water:
Public
Documents
IDX
Listing Office:
Benchmark Real Estate
Last Updated: May - 06 - 2026
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.

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