Investor-ready and ideally located, 59 Washington Street is a well-maintained two-unit multifamily property offering excellent income potential in one of Southern Maine's fastest-growing cities. Situated in a highly desirable neighborhood just off of Main Street, this property boasts strong long-term rental history, and low operating expenses—making it an ideal addition to any investment portfolio or a perfect owner-occupied opportunity.
Each unit features efficient layouts, updated systems, and separate utilities for tenant convenience and landlord efficiency. With minimal overhead and consistent cash flow, this property delivers impressive returns for such a compact property. Off-street parking, a walkable location, and proximity to downtown shops, restaurants, breweries, and the Saco River enhance tenant appeal and long-term value.
Biddeford continues to attract attention for its revitalized mill district and thriving local economy—making this a smart buy in a market with strong upward momentum.
A prior owner had plans approved in 2006 with the city to add a third story. A copy is available.
Seller is a Maine real estate licensee.
This property is zoned MSRD-1 and has commercial applications as well. Check with the city for potential uses.
Pending
Price cut: $20K (7/2)
$375,000
59 Washington Street, Biddeford, ME 04005
2beds
896sqft
Est.:
Multi Family
Built in 1920
-- sqft lot
$-- Zestimate®
$419/sqft
$-- HOA
What's special
- 55 days
- on Zillow |
- 827 |
- 41 |
Zillow last checked: 7 hours ago
Listing updated: August 04, 2025 at 08:02am
Listed by:
EXP Realty
Source: Maine Listings,MLS#: 1626391

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Direct Vent Heater
Cooling
- None
Appliances
- Laundry: Washer Hookup
Features
- Bathtub
- Flooring: Laminate
- Basement: Dirt Floor,Crawl Space,Sump Pump,Doghouse
Interior area
- Total structure area: 896
- Total interior livable area: 896 sqft
- Finished area above ground: 896
- Finished area below ground: 0
Property
Parking
- Parking features: None, No Driveway
Features
- Fencing: Fenced
Lot
- Size: 871.2 Square Feet
- Features: Level, Sidewalks, City Lot, Near Shopping
Details
- Parcel number: BIDDM38L3561
- Zoning: MSRD1
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Vinyl Siding, Wood Frame
- Foundation: Granite, Brick/Mortar
- Roof: Flat
Condition
- Year built: 1920
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On
Community & HOA
Location
- Region: Biddeford
Financial & listing details
- Price per square foot: $419/sqft
- Tax assessed value: $152,800
- Annual tax amount: $2,192
- Date on market: 6/13/2025
- Road surface type: Paved
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