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Pending
  • Price cut: $20K (7/2)
    $375,000

    59 Washington Street, Biddeford, ME 04005

    2beds
    896sqft
    : 
    Multi Family
    Built in 1920
    -- sqft lot
    $-- Zestimate®
    $419/sqft
    $-- HOA

    What's special

    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.
    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#: 1626391MLS Logo
    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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