5-unit investment property in Biddeford featuring four 2-bedroom units and one studio. Recent capital improvements include updated electrical service and individual heat pump hot water heaters for each unit. Three units have been renovated with modern finishes, a fourth will be completed prior to closing, and one unit remains with a long term tenant. A natural gas heating system was installed in 2021. Solid rental upside with key systems already upgraded. Ideal for investors seeking a stabilized asset with room for value-add.
Multi-familyProperty Type
1940Year Built
3,920 sq ftLot Size
$186Price/Sq.Ft.
1 spaceParking
Listed by Daniel Weber Nicholas Laverriere• Keller Williams Realty
Bought with Julie Rosenthal• Portside Real Estate Group
3 BUILDINGS TOTALING 12 UNITS. 74 South Street, a 4 unit building being sold as a package with 64 South Street (5 unit, mls#1363787) & 6 Cross Street (3 unit, mls#1363788). Annual Expenses (74 South St. only)-Taxes $4,154,Water $504, Sewer $1,211, Insurance $3,482, CMP $488, Oil $4,774.24 (2,015.3 gallons). See 64 South St. & 6 Cross St. listings for each buildings income & expenses. 21 Wentworth St. , Biddeford is also available to add as a package ( 5 unit, mls#1363779). SHOWINGS ARE BY APPOINTMENT ON MONDAYS & THURSDAYS ONLY AT 1:00. 48 HOUR NOTICE IS REQUIRED.
MREIS #878483
Jan 25, 2008
Listed
$179,900
$47/sq ft
MREIS #728799
Nov 18, 2004
Listed
$265,000
$69/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$7,374 (+6.3%)
$178,100 + $315,500
$493,600
2024
$6,934 (+8.4%)
$178,100 + $309,500
$487,600
2023
$6,397 (+14.9%)
$178,100 + $309,500
$487,600
2022
$5,568 (+6.5%)
$87,700 + $251,600
$339,300
2021
$5,228 (+10.2%)
$71,700 + $215,100
$286,800
2020
$4,746 (+0.4%)
$55,800 + $180,900
$236,700
2019
$4,729 (+1.4%)
$55,800 + $180,900
$236,700
2018
$4,663 (+12.3%)
$55,800 + $180,900
$236,700
2017
$4,154 (+1.0%)
$55,800 + $151,200
$207,000
2016
$4,111 (+2.0%)
$55,800 + $151,200
$207,000
2015
$4,030 (−10.8%)
$55,800 + $151,200
$207,000
2013
$4,516
$85,400 + $172,200
$257,600
Tax history for 74 South St
Year
Property tax
Land + Additions
Assessment*
2025
$7,374 (+6.3%)
$178,100 + $315,500
$493,600
2024
$6,934 (+8.4%)
$178,100 + $309,500
$487,600
2023
$6,397 (+14.9%)
$178,100 + $309,500
$487,600
2022
$5,568 (+6.5%)
$87,700 + $251,600
$339,300
2021
$5,228 (+10.2%)
$71,700 + $215,100
$286,800
2020
$4,746 (+0.4%)
$55,800 + $180,900
$236,700
2019
$4,729 (+1.4%)
$55,800 + $180,900
$236,700
2018
$4,663 (+12.3%)
$55,800 + $180,900
$236,700
2017
$4,154 (+1.0%)
$55,800 + $151,200
$207,000
2016
$4,111 (+2.0%)
$55,800 + $151,200
$207,000
2015
$4,030 (−10.8%)
$55,800 + $151,200
$207,000
2013
$4,516
$85,400 + $172,200
$257,600
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
8
Baths
4
Stories
2
Lot width
—
Lot depth
—
Lot size
3,920 Sq. Ft.
Year renovated
—
Sq. Ft.
3,851
Year built
1940
Style
Multi-Family (5+ Unit)
County
York County
APN
161117
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
Property details
Parking
Parking Information
Parking Features: 1 - 4 Spaces, Paved
Interior
Bathroom Information
# of Baths (Full): 5
Basement Information
Basement Entry: Full, Bulkhead, Unfinished
Interior Features
Flooring: Vinyl
Multi-Unit Information
# of Units Total: 5
# of 1 Bedroom Units: 1
# of 2 Bedroom Units: 4
Operating Expense: $26,622
Gross Income: $89,400
Unit 1 Information
# of Bedrooms: 2
Actual Rent: $1,200
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Has Heat: Yes
Level: Second
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 2 Information
# of Bedrooms: 1
Actual Rent: $1,075
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Has Heat: Yes
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 3 Information
# of Bedrooms: 2
Actual Rent: $1,650
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Has Heat: Yes
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 4 Information
# of Bedrooms: 2
Actual Rent: $1,575
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Has Heat: Yes
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 5 Information
# of Bedrooms: 2
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Has Heat: Yes
Level: Second
Refrigerator: Yes
Sewer: Yes
Water: Yes
Exterior
Building Information
Construction Materials: Clapboard, Wood Frame
Roof: Shingle
Total Building Area (Sq. Ft.): 3,851
Property Information
Year Built: 1940
Above-Grade Finished Area (Sq. Ft.): 3,851
Lot Information
Lot Size (Sq. Ft.): $3,920.40
Lot Size (Acres): 0.09
Lot Size Source: Public Records
Lot Features: Level, Sidewalks, Intown, Near Town
Road Surface Type: Paved
Zoning: MSRD2
Financial
Tax Information
Annual Tax Amount: $6,934
Tax Year: 2024
Utilities
Utility Information
Has Heating
Heating: Hot Water
Electric: Circuit Breakers
Sewer: Public Sewer
Utilities: Utilities On
Utilities On: Yes
Water Source: Public
Water Heater: Heat Pump
Location
Location Information
Unparsed Address: 74 South Street, Biddeford, ME 04005
Public facts
Beds: 8
Baths: 4.0
Sq. Ft.: 3,851
Stories: 2.0
Lot Size: 3,920 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1940
Year Renovated: —
County: York County
APN: 161117
Home facts updated by county records on Jul 30, 2026
Around this home
Schools
John F Kennedy Memorial School
Public PreK-K • Assigned • 1.0mi
Biddeford High School
Public 8-12 • Assigned • 0.6mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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
4/10 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
82
62
79
55
73
51
62
41
50
32
36
19
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.6 hours in
June and 4.4 hours in December, placing it below the
U.S. average for solar exposure.