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.
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
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
First-floor bedroom
Bathtub
Storage
Bedrooms
Two 3-bedroom units and two 2-bedroom units
Some units on the first level and some on the second level
Bathrooms
Four full bathrooms total; each unit has one full bath
Kitchen
Refrigerator in each unit
Laundry & utility
Washer hookup
Each unit has a dedicated water heater
Each unit has a dedicated electric meter (no dedicated gas meters)
Flooring
Laminate
Wood
Heating & cooling
Baseboard heating
Hot water heating
Exterior features
Porch
Corner lot
Level lot
Near public beach, shopping, turnpike/interstate, town and railroad
Neighborhood setting
Sidewalks
Paved roads
Home design
Multi-family property (4 units)
Multi-level (3 stories total)
Built in 1920
Parking
Attached 1-car garage
Paved on-site parking with 5–10 spaces
Construction
Wood frame construction with vinyl siding
Stone and brick/mortar foundation
Membrane and shingle roof
Utilities
Public water
Public sewer
Circuit breaker electric
Solar water heater
Financial info
Gross income reported: $96,600
Operating expenses reported: $13,474
Individual unit actual rents reported: $2,800; $1,600; $2,000; $1,650
Electricity and solar
View estimated energy costs and solar savings for this home
Well-kept 4 unit sits in a nice neighborhood, just minutes to the Saco River & Amtrak for easy commute south. Great income producing property with two 2 bedroom & three 3 bedroom units, all fully occupied. Each unit also has been freshly painted interior, has laundry hook-up, & mostly all newer windows, flooring & refinished hardwood floors. There are 2 boilers & a garage for storage on a corner lot with plenty of off street parking. Rents are below market prices. Don't miss out on this great deal!
Year
Property tax
Land + Additions
Assessment*
2025
$7,328 (+6.3%)
$189,400 + $301,100
$490,500
2024
$6,894 (+8.4%)
$189,400 + $295,400
$484,800
2023
$6,361 (+20.1%)
$189,400 + $295,400
$484,800
2022
$5,297 (+6.5%)
$90,200 + $232,600
$322,800
2021
$4,975 (+10.2%)
$73,800 + $199,100
$272,900
2020
$4,513 (+0.4%)
$57,400 + $167,700
$225,100
2019
$4,497 (+1.4%)
$57,400 + $167,700
$225,100
2018
$4,434 (+80.5%)
$57,400 + $167,700
$225,100
2017
$2,457 (+1.1%)
$57,400 + $65,000
$122,400
2016
$2,431 (+2.0%)
$57,400 + $65,000
$122,400
2015
$2,383 (−30.4%)
$57,400 + $65,000
$122,400
2013
$3,425
$69,300 + $126,100
$195,400
Public record
Public record
Zoning
Beds
5
Baths
4
Stories
2
Lot width
—
Lot depth
—
Lot size
4,792 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
3,704
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,704
Year built
1920
Style
Multi-Family (5+ Unit)
County
York County
APN
161218
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 30, 2026.
MSRD2
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:
Housing-Single unit
Housing-Multiple units
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.31% chance of being in a wildfire in next 30 years
5/10 Heat Factor
7 days above 90° expected this year, 18 days in 30 years
6/10 Wind Factor
65% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Biddeford, ME • 04005
Average low and high temperatures (°F)
31
14
34
13
46
27
55
36
65
47
77
56
81
62
79
55
73
52
62
41
50
32
36
19
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
80/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.8 hrs
4.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 31 Crescent St
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $486,000 and $839,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $486K to $839K.