59 Washington Street, Biddeford, ME 04005 (MLS # 1626391)

PRICE $420,000 BEDS 0 BATHS 2 HOME SIZE 896 sqft LOT SIZE 872 sqft Request More Info Schedule a Showing

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.