Bought with OceanView Properties
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59 Washington ST Biddeford, ME 04005
SOLD DATE : 09/03/2025Want to know what your home might be worth? Contact us for a FREE valuation!

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Key Details
Sold Price $355,000
Property Type Multi-Family
Listing Status Sold
Square Footage 896 sqft
MLS Listing ID 1626391
Sold Date 09/03/25
Style Other
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 896
Year Built 1920
Annual Tax Amount $2,192
Tax Year 2025
Lot Size 871 Sqft
Acres 0.02
Source Maine Listings
Land Area 896
Property Description
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.
Location
State ME
County York
Zoning MSRD1
Rooms
Basement Dirt Floor, Crawl Space, Sump Pump, Doghouse
Interior
Interior Features Bathtub
Heating Direct Vent Heater
Cooling None
Flooring Laminate
Laundry Washer Hookup
Exterior
Parking Features No Parking, No Driveway
Fence Fenced
Utilities Available 1
View Y/N No
Roof Type Flat
Street Surface Paved
Garage No
Building
Lot Description Level, Sidewalks, Intown, Near Shopping
Foundation Granite, Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Other
Structure Type Vinyl Siding,Wood Frame
Others
Energy Description Gas Natural
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