530 Main Street, Biddeford, ME 04005

$1,500,000
Property Type: Multi-Family Baths: 8 Square Footage: 7,034 Lot Size (sq. ft.): 34,848 Status: Closed
Current Price: $1,500,000 List Date: 1/03/2022 Last Modified: 1/10/2025

Overview

Description

TURN-KEY (meticulously maintained) building - eight-unit investment opportunity for qualified professionals! Built by the sellers in 1982, this property has been consistently updated and cared for with pride and passion, for the last 40 years! All units (Townhouses) tastefully feature two floors; two-bedrooms; spacious rooms; washer/dryer hookup; new flooring in most units; private patio overlooking the Saco River. The building features a new roof; is well insulated and energy-efficient; new egress windows on the backside; off-street parking; storage space; long-term, professional tenants (T.A.W.); old and quiet neighborhood. The pictures represent three units only – all units are identical in design and equal in condition! The rents are below market value and all units are Tenants at Will. In town location is within walking distance to the high school and close to the revitalized and thriving downtown with all its amenities (restaurants, bars, brew-pubs, Amtrak, Turnpike and shoppi ...

Listing Details MLS# 1517297

Location Information

Street #
530
Street Name
Main
Street Type
Street
County
York
Town
Biddeford
State/Province
ME
Zip Code
04005
Zip +4
2196
Leased Land
No
Book
06315
Page
0323
Map
36
Block
11
Lot
000
Zoning
R1B
Zoning Overlay
No
Association
No
Full Tax Amount $
8786
Tax Year
2020

Contract Information

Original List Price
1500000

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
8
Total Baths
8
Total Full Baths
8
Color
Tan/Red
Year Built
1982
SqFt Finished Above Grade
7034
SqFt Finished Total
7034
SqFt Source
Public Records
Other Source of Square Footage
Units are 864 sqft
Garage
No
Lot Size Acres +/-
0.8
Source of Acreage
Public Records
Road Frontage
No

Status Change Info

Pending Date
2022-01-09
Closed Date
2022-03-31
Closed Price
1500000

Water Info

Waterfront
No
Water View
Yes
Water Body Name
Saco River

Units

# of 2 BD Units
8

More Information

Unit 1

Lease
No
Level
First
Security Deposit
Yes
Monthly Rent
900
# 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

Unit 2

Lease
No
Level
First
Security Deposit
Yes
Monthly Rent
900
# 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

Unit 3

Lease
Yes
Level
First
Security Deposit
Yes
Monthly Rent
835
# 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

Unit 4

Lease
No
Level
First
Security Deposit
Yes
Monthly Rent
1000
# 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
Water
Yes

Unit 5

Lease
No
Level
Basement
Security Deposit
Yes
Monthly Rent
1000
# 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

Unit 6

Lease
Yes
Level
First
Security Deposit
Yes
Monthly Rent
300
# 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

Unit 7

Lease
No
Level
First
Security Deposit
Yes
Monthly Rent
875
# 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

Unit 8

Lease
No
Level
First
Security Deposit
Yes
Monthly Rent
1200
# 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

Sold Info

Appraiser Email Address
larry@theappraisalcompany.us

Property Features

Site: Level; Sidewalks Location: Intown; Near Public Beach; Near Town; Near Turnpike/Interstate; Neighborhood Roads: Paved; Public Water Body Type: River; Stream Recreational Water: Nearby View: Trees/Woods Style: Other Structure Type: Townhouse Levels: Multi-Level Construction: Wood Frame Basement: Full; Unfinished Basement Entry: Doghouse Foundation Materials: Poured Concrete Exterior: Vinyl Siding Roof: Shingle Heat System: Baseboard; Hot Water Heat Fuel: Oil Water Heater: Oil Cooling: None Floors: Carpet; Laminate; Tile Window Features: Low-Emissivity Windows Amenities: Bathtub; Fence; Laundry - 2nd Floor; Laundry - Hookup; Shower; Storage Patio and Porch Features: Patio Energy Efficiency: Ceiling Fans Driveway: Paved Parking: 11 - 20 Spaces; Off Street; On Site; Paved Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: No Gas Sewer: Public Sewer Water: Public

Documents

IDX
Listing Office: Realty Sales Inc
Selling Office: Realty Sales Inc
Last Updated: January - 10 - 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.
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