Coldwell Banker Home Page
Local Realty Service Provided By: Coldwell Banker Yorke Realty
Property view

5 Oak Place, 
Biddeford, ME 04005

$497,500


Bed


2

Baths


2,142

Sq Ft


Multi-Family

Sold

Listed by

Bailey Pate

Bought with Coldwell Banker Realty

Maine Real Estate Co

MLS#

1650253

Source:

ME MREIS

Sorry, we are unable to map this address

About This Home

5 Oak Place

A rare two unit opportunity in the heart of Biddeford that blends flexibility, income, and lifestyle in one smart move. With 2,152 square feet total, this well maintained property offers two spacious units, each featuring three bedrooms and one full bathroom, opening the door to multiple possibilities. The first floor unit is occupied by a long term tenant (month-to-month Rental Agreement) and offers easy single level living with hot water baseboard heat. Upstairs, the second unit is vacant and move in ready after recent updates including fresh interior paint, some new flooring, and new fixtures. This unit is heated by a Rinnai heater with electric baseboard backup and features a charming sun porch, perfect for unwinding after a long day. Both units include separate laundry hookups, vinyl windows, and thoughtful layouts. Major improvements include a sewer line replacement approximately five years ago and a roof replaced approximately seven years ago. The property also underwent lead paint abatement in 2014, offering peace of mind for future owners. Outside, enjoy a deep paved driveway for off street parking, a fenced in front yard, and a separate fenced in back yard, a rare find for a multi unit property. This building has consistently generated $51,000 per year in rental income and presents an excellent opportunity for owner occupancy, multi generational living, or renting both units. Located in an intown neighborhood close to downtown Biddeford, you are minutes from local restaurants, breweries, shops, the riverwalk, and the growing arts and dining scene. Quick access to the Maine Turnpike, nearby beaches, and the University of New England makes this location as convenient as it is exciting. Strong numbers, smart updates, and a location people love. This is Biddeford living done right. (Interior photos are virtually staged)

Home Facts

Multi-Family

2 Baths

Built in 1900

Price Summary

520,000

$242 per Sq. Ft.

MLS #:

1650253

Sold:

March 31, 2026


Rooms & Interior

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

2,142 Sq. Ft.


Structure

Structure

Architectural Style:

New Englander

Building Area:

2,142 Sq. Ft.

Year Built:

1900


Lot

Lot Size (Sq. Ft):

3,920


Finances & Disclosures

Finances

Price:

$520,000

Price per Sq. Ft:

$242 per Sq. Ft.

MLS Logo
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