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31 Crescent St, Biddeford, ME 04005

  • $825,000

  • 4

    bed

  • 4

    bath

  • 3,704

    Sqft ($223/Sqft)

Multi-family pending
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About 31 Crescent St

Property type Multi-family
Neighborhood
Year built 1920
HOA fee $0/month
Lot size 4,792 Sqft
Parking 1 garage spaces
Property description
Exceptional investment opportunity in the heart of Biddeford! This well-maintained 4-unit property offers the rare combination of strong current cash flow and significant upside potential. With three units updated in recent years and major capital improvements including a new roof, high-efficiency natural gas boiler, four separate heat pump water heaters, and new front and rear porches, much of the heavy lifting has already been done. This is the kind of property investors are always searching for: a solid, income-producing asset with plenty of opportunity to increase returns over time. Strong rental demand, room to improve existing income, and additional future possibilities make this an excellent addition to any investment portfolio. Ideally located just minutes from vibrant downtown Biddeford, tenants will love being within easy walking distance of restaurants, breweries, coffee shops, shopping, and entertainment, while also enjoying quick access to the Turnpike, nearby beaches, and the Saco transportation center. The property sits on a corner lot with off-street parking and a one-car garage, making it an attractive option for both tenants and investors alike. Whether you're looking to expand your portfolio with a proven income-producing asset or capitalize on its future upside, 31 Crescent Street is a rare opportunity to own a thoughtfully maintained multi-family in one of Maine's fastest-growing rental markets. To view a full video walk through tour, head over to YouTube and search the property address. Open house Sunday, August 9th from 10am-12pm.
Listed by
Listing Agent - Amanda Wheeler
Listing Office - U&R Real Estate
Source: MREIS mls logo
MLS#1675082 • last updated 4 days ago
Movoto checked MREIS for data 26 minutes ago
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Overview
Heating Gas Natural, Baseboard, Hot Water
Levels/Style Multi-Level, Federal, New Englander, 3
MLS # 1675082
SqFt 3704
Status Pending
Lot Size (Acres) 0.11
Lot Size (Sqft) 4791.6
Property Tax 7328
Year Built 1920
Interior
Total # of Bathrooms 4
# Full Baths 4
Laundry Washer Hookup
Flooring Laminate, Wood
Interior Features 1st Floor Bedroom, Bathtub, Storage
Exterior
Foundation Stone, Brick/Mortar
Construction Wood Frame, Vinyl Siding
Parking Paved, 5 - 10 Spaces, On Site
Patio/ Porch Porch
Lot Features Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Near Railroad, Corner Lot, Level, Open Lot, Sidewalks
Amenities / Utilities
Water Source Public
Location
Zoning MSRD2
Multifamily Details
Total # Of Units 4
Operating Expense 13474
Gross Income 96600
Lot/ Land Details
Road Surface Paved
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Around Biddeford Downtown Mill District

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  • Real Estate
  • ME
  • York County
  • Biddeford
  • 04005
  • Biddeford Downtown Mill District
  • 31 Crescent St

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