Investors take notice! Two unit in one of Maine's fastest growing cities; close to Portland and the ocean as well as easy access to highway. Dining, shopping, and play are all close by.
This is a 2-unit income-producing property with great potential. Both units are currently tenant-occupied but below market rates. The property requires some updates and improvements to maximize its value and functionality.With the right repairs it can be brought to its full potential, but it is priced accordingly.
Buyers are encouraged to conduct their own due diligence, including inspections, to assess the condition of the property. The units are fully occupied, and there is a strong rental history in place.
EXTRA BONUS BEDROOM that is currently part of upstairs unit but on FIRST floor, which makes one of the units a 4 bedroom. This extra room has a closet and access to outside door, easily can be part of downstairs unit instead or rent it separately if town allows mixed use.
Closed
$495,000
20 Porter Street, Biddeford, ME 04005
6beds
3,063sqft
Multi Family
Built in 1939
-- sqft lot
$503,100 Zestimate®
$162/sqft
$2,077 Estimated rent
Home value
$503,100
$453,000 - $558,000
$2,077/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: July 21, 2025 at 08:47am
Listed by:
Dream Home Realty LLC
Bought with:
Coldwell Banker Realty
Source: Maine Listings,MLS#: 1609772
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard, Forced Air, Hot Water
Cooling
- None
Features
- 1st Floor Bedroom, Bathtub, One-Floor Living
- Flooring: Laminate, Vinyl, Wood
- Basement: Interior Entry,Full,Unfinished
Interior area
- Total structure area: 3,063
- Total interior livable area: 3,063 sqft
- Finished area above ground: 3,063
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Paved, 1 - 4 Spaces, On Site
- Attached garage spaces: 2
Features
- Stories: 2
Lot
- Size: 6,534 sqft
- Features: Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Near Railroad, Corner Lot, Level, Sidewalks
Details
- Parcel number: BIDDM34L334
- Zoning: Residential
Construction
Type & style
- Home type: MultiFamily
- Architectural style: New Englander
- Property subtype: Multi Family
Materials
- Wood Frame, Block, Vinyl Siding
- Roof: Shingle
Condition
- Year built: 1939
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On
Community & neighborhood
Location
- Region: Biddeford
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 8/27/2025 | Listing removed | $2,350$1/sqft |
Source: Zillow Rentals | ||
| 8/4/2025 | Listed for rent | $2,350$1/sqft |
Source: Zillow Rentals | ||
| 2/1/2025 | Pending sale | $479,000-3.2%$156/sqft |
Source:  Maine Listings #1609772 | ||
| 1/31/2025 | Sold | $495,000+3.3%$162/sqft |
Source: Maine Listings #1609772 | ||
| 12/10/2024 | Contingent | $479,000$156/sqft |
Source: Maine Listings #1609772 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,907 +9.5% | $345,100 +1% |
| 2023 | $4,483 +6.1% | $341,700 +32.7% |
| 2022 | $4,226 +5.2% | $257,500 +16.9% |
Find assessor info on the county website
Neighborhood: 04005
Nearby schools
GreatSchools rating
- NAJohn F Kennedy Memorial SchoolGrades: PK-KDistance: 0.7 mi
- 3/10Biddeford Middle SchoolGrades: 5-8Distance: 1.1 mi
- 5/10Biddeford High SchoolGrades: 9-12Distance: 0.9 mi
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