Fantastic investment opportunity just steps from downtown Biddeford! This 3-story, 5-unit building features a mix of 1-3 bedroom units, including an unfinished 2-bedroom unit on the third floor--ready to be built out for added income, to make it 6 units. Highlights include off-street parking for 8-10 cars, an attached garage, and unbeatable proximity to local favorites like Run of the Mill, The Lincoln Hotel, and Batson River. Just 10 minutes to the area beaches in Saco, Ocean Park, and OOB. A must-see for investors looking to grow their portfolio in one of Maine's hottest rental markets! 36-48 hr NOTICE ON SHOWINGS AS ALL UNITS ARE RENTED.
Biddeford Downtown Mill District, located between the Saco River and Main Street, is a historic and industrial Biddeford neighborhood with brick mill blocks and riverfront footbridges. The neighborhood’s character concentrates around Main Street at Water Street, where coffee counters, small galleries, and chef-driven dining share the sidewalks with mill-era storefronts. Palace Diner, Banded Brewing Co., and the City Theater anchor the local rhythm with food, beer, and live performances. Former textile mills frame the streetscape in red brick, tall windows, and repurposed loading bays. River views and pocket parks shape a walkable loop from downtown to the mill buildings. Seasonal events and public art bring extra motion to the sidewalks without changing the working-waterfront feel.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Tile, hardwood, and linoleum flooring
Bedrooms
Five-unit building with unit mix: one 3-bedroom, two 2-bedroom, and two 1-bedroom units
Unit 1 (first level): 3 bedrooms
Unit 2 (second level): 2 bedrooms
Unit 3 (second level): 2 bedrooms
Unit 4 (third level): 1 bedroom
Unit 5 (first level): 1 bedroom
Bathrooms
Five full bathrooms (one in each unit)
Kitchen
All units include a refrigerator
Laundry & utility
Electric service with circuit breakers
Electric water heater
Units do not have dedicated gas or dedicated electric meters
No dedicated water heaters per unit
Flooring
Tile
Hardwood
Linoleum
Heating & cooling
Hot water heating
Window air conditioning units
Exterior features
Intown location near town
Level lot with sidewalks
Home design
Multi-level building
Post & beam structure
Parking
Has garage with 2 garage spaces
Additional vehicle storage for 4+ cars; tandem parking available
Common paved parking with 5–10 spaces, assigned and off-street options
Construction
Wood frame construction with wood siding
Stone foundation
Composition shingle roof
Originally built in 1770
Utilities
Public water
Public sewer
HOA & community
No pets allowed (no cats, no dogs)
Financial info
Gross income reported: $102,900
Operating expenses reported: $35,343
Actual rents by unit: $1,800; $2,150; $2,225; $900; $900
Electricity and solar
View estimated energy costs and solar savings for this home
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Multi-Family (2-4 Unit)
County
York County
APN
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Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Apr 11, 2023.
MSRD1
Main Street Revitalization District
The commercial core district where the intent is to preserve the historic character of Biddeford while promoting the growth of businesses and residences in the district.
Permitted uses
Include but are not limited to:
Convenience store
General retail
Restaurant
Housing-Multiple units
Bed & breakfast
Hotel / motel
Office
Public service
Library
Museum / gallery
Historical weather
Biddeford, ME • 04005
Average low and high temperatures (°F)
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14
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46
27
55
36
65
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81
62
79
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73
52
62
41
50
32
36
19
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Sun exposure
81/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9 hrs
4.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 109 Alfred St
There isn’t enough information to generate an accurate estimate at this time. Learn More
This home is pending
The seller has accepted an offer, and this property is now pending.