59 Washington ST Open House Save Request In-Person Tour Request Virtual Tour
Biddeford,ME 04005
OPEN HOUSE
Tue Jun 17, 11:00am - 1:00pm
Key Details
Property Type Multi-Family
Listing Status Active
Square Footage 896 sqft
Price per Sqft $468
MLS Listing ID 1626391
Style Other
Full Baths 2
Year Built 1920
Annual Tax Amount $2,192
Tax Year 2025
Lot Size 871 Sqft
Property Description
Investor-ready and ideally located, 59 Washington Street is a well-maintained two-unit multifamily property offering excellent income potential in one of Southern Maine's fastest-growing cities. Situated in a highly desirable neighborhood just off of Main Street, this property boasts strong long-term rental history, stable tenants, and low operating expenses—making it an ideal addition to any investment portfolio or a perfect owner-occupied opportunity.
Each unit features efficient layouts, updated systems, and separate utilities for tenant convenience and landlord efficiency. With minimal overhead and consistent cash flow, this property delivers impressive returns for such a compact property. Off-street parking, a walkable location, and proximity to downtown shops, restaurants, breweries, and the Saco River enhance tenant appeal and long-term value.
Biddeford continues to attract attention for its revitalized mill district and thriving local economy—making this a smart buy in a market with strong upward momentum.
A prior owner had plans approved in 2006 with the city to add a third story. A copy is available.
Group showings start on Saturday, June 14th from 11am-1pm and Tuesday, June 17th from 11am-1pm. Individual showings available upon request with 24 hour notice.
Seller is a Maine real estate licensee.
This property is zoned MSRD-1 and has commercial applications as well. Check with the city for potential uses.
Location
State ME
County York
Zoning MSRD1
Interior
Heating Direct Vent Heater
Cooling None
Flooring Laminate
Laundry Washer Hookup
Exterior
Parking Features No Parking,No Driveway
Fence Fenced
Utilities Available 1
View Y/N No
Roof Type Flat
Building
Lot Description Level,Sidewalks,Intown,Near Shopping
Foundation Granite,Brick/Mortar
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding,Wood Frame