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.
Multi-familyProperty Type
1920Year Built
4,791 sq ftLot Size
$231Price/Sq.Ft.
1 garage spacesParking
Listed by Amanda {Mandy} Wheeler• U&R Real Estate
Bought with Darci Petrov• Signature Homes Real Estate Group, LLC
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
—
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.