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38-40 Middle Street, 
Biddeford, ME 04005

$499,000


Bed


2

Baths


2,166

Sq Ft


Multi-Family

Active

Listed by

Thomas Landry

Benchmark Real Estate

Last updated:

May 14, 2026, 02:55 PM

MLS#

1660686

Source:

ME MREIS

About This Home

38-40 Middle Street

Welcome to an ideal owner-occupied multifamily opportunity in the heart of Biddeford--one of Maine's most dynamic and rapidly evolving markets. This isn't an 'up-and-coming' location--it's already here. Vibrant, walkable, and full of energy, Biddeford offers an exceptional lifestyle with restaurants, brew pubs, coffee shops, and everyday conveniences just a short distance away. Set on a sun-filled corner lot, this well-sited two-family offers off-street parking, a great yard, and an elevated position that brings in abundant natural light. Upper floors enjoy expansive views that could be further enhanced over time. Both units feature spacious layouts, large sun-filled rooms, inviting porches, and charming original details. Most recently owner-occupied, rents are projected at $2,450 per unit, offering strong income potential. Tenants pay electricity, with the owner covering heat via an efficient boiler. The first-floor unit offers 2-3 bedrooms, while the second floor features a 2-bedroom layout. The property has been fully vacated, allowing for immediate occupancy and flexibility for an owner-occupant or investor. The property works well as-is, while also offering tremendous upside potential for those with some energy and ambition. For additional value, the adjacent buildable lot is also available for $150,000. Conveniently located near the University of New England, Amtrak service to Boston and beyond, and all that the Biddeford-Saco area has to offer, this is a compelling opportunity. Whether you're looking to break into the multifamily market or expand your portfolio, this is a high-quality asset in a location that continues to see strong demand. Schedule your showing today and secure your place in one of Southern Maine's most desirable markets.

Home Facts

Multi-Family

2 Baths

Built in 1920

Price Summary

499,000

$230 per Sq. Ft.

MLS #:

1660686

Last Updated:

May 14, 2026, 02:55 PM


Rooms & Interior

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

2,166 Sq. Ft.


Structure

Structure

Architectural Style:

New Englander

Building Area:

2,166 Sq. Ft.

Year Built:

1920


Lot

Lot Size (Sq. Ft):

6,534


Finances & Disclosures

Finances

Price:

$499,000

Price per Sq. Ft:

$230 per Sq. Ft.

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MREIS Multiple Listing Service™ systemListing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.